Progress Software rises after Q1 forecast above expectations

Progress Software

20/01/2026 21:32

** Shares of AI-powered software firm Progress Software PRGS.O climb 6.5% to $41.10 after the bell

** PRGS forecasts Q1 revenue between $244 million and $250 million, above ests. of $243.56 million, according to data compiled by LSEG

** Sees Q1 adj. EPS between $1.56 and $1.62, also ahead of ests. of $1.41 per share

** PRGS reports Q4 revenue of $252.67 million vs ests of $252.86 million

** Posts Q4 adj. EPS of $1.51 vs ests. of $1.31

** PRGS had fallen over 33% in 2025

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))