Progress Software Files 8-K on Financial Results & Reg FD

Ticker: PRGS · Form: 8-K · Filed: Jan 16, 2024 · CIK: 876167

Complexity: simple

Sentiment: neutral

Topics: financial-results, regulation-fd, corporate-filing

TL;DR

**Progress Software just dropped an 8-K about their financial results, so keep an eye out for the details.**

AI Summary

Progress Software Corporation filed an 8-K on January 16, 2024, to report its results of operations and financial condition, along with a Regulation FD Disclosure. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to understand the company's current health and future prospects. For shareholders, this matters because it offers transparency into how the company is performing financially, directly impacting their investment's value.

Why It Matters

This filing provides investors with an official update on Progress Software's financial performance, which is essential for evaluating the company's health and making informed investment decisions.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and does not inherently introduce new risks, but rather provides information to assess existing ones.

Analyst Insight

Investors should review the detailed financial results and Regulation FD disclosures that will be attached to this 8-K to understand Progress Software's current performance and future outlook before making any investment decisions.

Key Numbers

Key Players & Entities

FAQ

What is the purpose of this 8-K filing by Progress Software Corporation?

This 8-K filing by Progress Software Corporation is to report on 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure', as indicated in the 'ITEM INFORMATION' section of the filing.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported in this 8-K filing is January 16, 2024, as stated under 'Date of Report (Date of earliest event reported)'.

Where are the principal executive offices of Progress Software Corporation located?

The principal executive offices of Progress Software Corporation are located at 15 Wayside Road, Suite 400, Burlington, Massachusetts 01803, according to the 'BUSINESS ADDRESS' section.

What is the trading symbol and the exchange where Progress Software Corporation's Common Stock is registered?

Progress Software Corporation's Common Stock, with a $0.01 par value per share, has the trading symbol PRGS and is registered on The Nasdaq Stock Market LLC, as listed under 'Securities registered pursuant to Section 12(b) of the Act'.

Is Progress Software Corporation considered an emerging growth company according to this filing?

The filing indicates that the registrant is NOT an emerging growth company, as the box 'Indicate by check mark whether the registrant is an emerging growth company' is unchecked.

Filing Stats: 661 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2024-01-16 16:35:30

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On January 16, 2024, Progress Software Corporation ("Progress") issued a press release announcing its financial results for the fiscal fourth quarter ended November 30, 2023. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that Section, and shall not be incorporated by reference into any other filing by Progress under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure In connection with the issuance of the press release attached hereto as Exhibit 99.1, the supplemental data attached as Exhibit 99.2 to this Current Report will be available on the Progress website within the investor relations section prior to the live conference call. The information furnished pursuant to this Item 7.01, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that Section, and shall not be incorporated by reference into any other filing by Progress under the Securities Act or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 99.1 Press release issued by Progress Software Corporation dated January 16, 2024 99.2 Q4 202 3 Supplemental Data 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 16, 2024 Progress Software Corporation By: /s/ ANTHONY FOLGER Anthony Folger Chief Financial Officer

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