{
  "id": 11044994,
  "title": "Progress Q3 2026 slides: EPS beats, Domo acquisition reshapes outlook",
  "url": "https://urgent.news/2026/09/30/progress-q3-2026-slides-eps-beats-domo-acquisition-reshapes-outlook",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T22:18:30.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/progress-q3-2026-slides-eps-beats-domo-acquisition-reshapes-outlook-93CH-4926028"
  },
  "original_language": "en",
  "account": "Progress Software Corporation reported its fiscal third quarter 2026 financial results on September 30, 2026. The company's earnings per share surpassed guidance, and it completed its $400 million acquisition of Domo. Shares rose 1.34% during regular trading but fell 2.18% in after-hours trading due to concerns about the integration outlook. The stock remains within its 52-week range of $23.82 to $47.37. Progress's revenue of $246 million exceeded expectations, and non-GAAP earnings per share hit $1.69. Operating margin improved to 43%, a 300-basis-point increase from the previous quarter. Days sales outstanding decreased to 42 days. The acquisition of Domo, valued at $400 million, was executed by drawing $390 million on Progress's revolving credit facility. Domo's ARR is consumption-based, marking a strategic shift for Progress. The acquisition reduced leverage to 2.9x pro forma EBITDA but increased net debt-to-EBITDA to 3.8x. Domo's revenue is expected to stabilize at $280 million to $290 million, and operating margins will compress to 36-37%. Progress's Total Growth Strategy includes investing in innovation, disciplined M&A, and customer success. CEO Yogesh Gupta emphasized the acquisition's potential to connect data across the enterprise and deliver trusted AI insights.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}