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Progress Exhibit 99.1 PRESSANNOUNCEMENT Progress Software Announces Third Quarter 2026 Financial Results ARR of $ 873 million grew 1 % year - over - year Acquisition of Domo's AI and Data Platform Business Closed BURLINGTON , Mass . , Sept. 30 , 2026 Progress Software ( Nasdaq : PRGS ) , an AI infrastructure software leader , today announced financial results for its fiscal third quarter ended August 31 , 2026 . Third Quarter 2026 Highlights : • Revenue of $ 246 million decreased 2 % year - over - year both on an actual and a constant currency basis . Annualized Recurring Revenue ( " ARR " ) of $ 873 million increased 1 % year - over - year on a constant currency basis . Operating margin was 19 % and non - GAAP operating margin was 43 % . Diluted earnings per share was $ 0.55 compared to $ 0.44 in the same quarter last year , an increase of 25 % . Non - GAAP diluted earnings per share was $ 1.69 compared to $ 1.50 in the same quarter last year , an increase of 13 % . " This quarter's results reflect the strength of our strategy , the resilience of our business model , and the value our differentiated software portfolio delivers to customers worldwide , " said Yogesh Gupta , CEO of Progress Software . " As organizations seek the context and control required to realize the full potential of AI , Progress is uniquely positioned to help them drive business outcomes with confidence . We delivered steady growth in ARR and earnings through strong execution and disciplined expense management , while continuing to improve our balance sheet . With the recent close of the Domo AI and Data platform acquisition , we are further strengthening our ability to help customers unlock the value of their data and accelerate AI - powered innovation . " Additional financial highlights included : Three Months Ended GAAP ( in thousands , except percentages and per share amounts ) August 31 , 2026 August 31 , 2025 % Change August 31 , 2026 Non - GAAP August 31 , 2025 % Change Revenue $ 246,005 $ 249,795 Income from operations $ Operating margin 46,550 $ 19 % 43,874 ( 2 ) % $ 6 % $ 246,005 $ 249,795 105,257 $ 99,423 ( 2 ) % 6 % Net income Diluted earnings per share Cash from operations ( GAAP ) / $ 88,011 22,776 $ 0.55 $ $ 18 % 19,413 100 bps 43 % 40 % 300 bps 0.44 73,446 20 % 17 % $ 25 % $ $ 70,204 $ 65,723 7 % 1.69 $ 1.50 13 % 87,161 $ 74,428 17 % Adjusted free cash flow ( non - GAAP ) / Unlevered free cash flow ( non- $ 100,687 $ 88,617 14 % GAAP ) See Important Information Regarding Non - GAAP Financial Measures , Liquidity Measures , and Select Performance Metrics and a reconciliation of non - GAAP adjustments to Progress ' GAAP financial results at the end of this press release . Other fiscal third quarter 2026 metrics and recent results included : Cash and cash equivalents were $ 113.7 million at the end of the quarter . • Days sales outstanding was 42 days compared to 55 days in the fiscal third quarter of 2025 and 73 days in the fiscal fourth quarter of 2025 . Anthony Folger , Progress CFO , said : " Our execution in the third quarter was very strong with year - over - year growth in ARR and adjusted free cash flow of more than 1 % and 17 % , respectively . In addition , we delivered a non - GAAP operating margin of 43 % . All of this is a testament to the stability and durability of our business and the efficiency of our operating model . With the acquisition of Domo's AI and data platform business now closed , we look forward to integrating Domo and continuing to deliver on our Total Growth Strategy . " 1