Key facts: Progress Q2: $253.5M, ARR $868M; Raises Outlook, 5pm Call

Progress Software (PRGS) ARR $868M, +2% YoY. Maintenance/SaaS steady; professional services revenue fell. DSO improved to 49 days, hosting/contractor costs cut, operating cash flow

Progress Software (PRGS) ARR $868M, +2% YoY. Maintenance/SaaS steady; professional services revenue fell. DSO improved to 49 days, hosting/contractor costs cut, operating cash flow strengthened.
Progress Software Q2: revenue $253.5M (+7% YoY), GAAP net $21.1M ($0.50/sh), adj EPS $1.62. Raised FY revenue to ~$990M–$1.0B+, adj EPS to $6.09–$6.21. Q3 revenue $244M–$250M, adj EPS $1.53–$1.59
Progress Software (PRGS) to host earnings call at 5:00 p.m. ET; live webcast and dial-in available. Replay and presentation materials will be posted on Progress Investor Relations after the call.