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flag Progress Software beat earnings estimates and raised 2025 guidance, driven by strong subscription growth.

flag Progress Software (PRGS) reported strong third-quarter 2025 results, with adjusted earnings of $1.50 per share, surpassing the $1.30 consensus, and revenue of $249.8 million, up 40% year-over-year. flag The company raised its full-year 2025 EPS guidance to $5.50–$5.56 and projected fourth-quarter EPS of $1.29–$1.35. flag Revenue growth was driven by a 47% increase in annual recurring revenue, reaching $849 million. flag Despite a decline in GAAP net income, adjusted earnings and subscription revenue momentum boosted investor confidence, sending shares higher.

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