PRGS

EX-99.1

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EX-99.1

Document

Exhibit 99.1

P R E S S A N N O U N C E M E N T

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

GAAPNon-GAAP

(in thousands, except percentages and per share amounts)August 31, 2026August 31, 2025% ChangeAugust 31, 2026August 31, 2025% Change

Revenue$246,005 $249,795 (2)%$246,005 $249,795 (2)%

Income from operations$46,550 $43,874 6 %$105,257 $99,423 6 %

Operating margin19 %18 %100 bps43 %40 %300 bps

Net income$22,776 $19,413 17 %$70,204 $65,723 7 %

Diluted earnings per share$0.55 $0.44 25 %$1.69 $1.50 13 %

Cash from operations (GAAP) / Adjusted free cash flow (non-GAAP) / Unlevered free cash flow (non-GAAP)$88,011 $73,446 20 %$87,161 $74,428 17 %

$100,687 $88,617 14 %

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

2026 Business Outlook

Progress provides the following guidance for the fiscal year ending November 30, 2026 and the fiscal fourth quarter ending November 30, 2026:

Updated FY 2026 Guidance

(September 30, 2026) Prior FY 2026 Guidance (June 30, 2026)

(in millions, except percentages and per share amounts)GAAPNon-GAAPGAAPNon-GAAP

Revenue$1,044 - $1,052$1,044 - $1,052$990 - $1,002$990 - $1,002

Diluted earnings per share$1.18 - $1.28$6.15 - $6.23$1.60 - $1.74$6.09 - $6.21

Operating margin13 %38 %16 %39 %

Cash from operations (GAAP) / Adjusted free cash flow (non-GAAP) / Unlevered free cash flow (non-GAAP)$274 - $282$275 - $283$273 - $285$271 - $283

$330 - $338$323 - $334

Effective tax rate25 %20 %25 %20 %

Q4 2026 Guidance

(in millions, except per share amounts)GAAPNon-GAAP

Revenue$297 - $305$297 - $305

Diluted (loss) earnings per share$(0.41) - $(0.32)$1.24 - $1.33

Based on current exchange rates, the expected positive currency translation impact on our:

•Fiscal year 2026 business outlook compared to 2025 exchange rates is approximately $9.4 million on revenue.

•GAAP and non-GAAP diluted earnings per share for fiscal year 2026 is approximately $0.11.

•Fiscal Q4 2026 business outlook compared to 2025 exchange rates is approximately $0.6 million on revenue.

•GAAP and non-GAAP diluted (loss) earnings per share for fiscal Q4 2026 is approximately $0.02.

To the extent that there are changes in exchange rates versus the current environment and/or our expectations, this

EX-99.1

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Exhibit 99.1

Progress Software to Acquire Domo’s AI and Data Platform Business

Acquisition further strengthens the capabilities of Progress data platform offerings to provide organizations the context and control to securely turn fragmented enterprise knowledge into governed, AI-ready intelligence—improving accuracy, speed and cost.

BURLINGTON, Mass., July 22, 2026—Progress Software (Nasdaq: PRGS), an AI infrastructure software leader, today announced that it entered into an agreement to acquire substantially all of the assets and assume certain liabilities of Domo, including its AI and data products platform.

The acquisition aligns with Progress’ strategy to deliver the context and control for AI so customers can achieve their business goals with confidence. Domo’s agentic platform for the intelligent enterprise complements and significantly broadens Progress’ data platform offerings, creating powerful synergies to deliver innovative, secure and scalable AI data readiness solutions worldwide.

“Effective AI starts with accurate, trusted data and content to provide the context for accurate and verifiable outcomes,” said Yogesh Gupta, CEO of Progress Software. “Domo is a leading AI and data platform that enables businesses to access, integrate and leverage their data at scale. Domo’s product capabilities, coupled with their team’s expertise in cloud architectures and analytics, are highly complementary to our expanding Progress data platform capabilities that significantly improve the security, governance and cost of our customers’ AI initiatives.”

Domo will add a customer base of over 2,400 businesses, as well as a global and strategic ecosystem of cloud data warehouse technology partnerships.

“We have built Domo around the simple idea that trusted data should help people make better decisions and take action,” said Josh James, founder and CEO of Domo. “The addition of our product capabilities to the Progress data platform will give customers a stronger foundation for building AI that understands their business, works from governed data and can be trusted to support meaningful decisions.”

The proposed acquisition of Domo’s AI and data platform business is another example of the continued execution of Progress’ Total Growth Strategy. Progress continues to maintain financial discipline while seeking to acquire strong businesses with products that complement its existing AI solutions portfolio, include a robust customer base with strong retention rates and solid recurring revenue, and align with its company culture.

Reiterating Guidance

Based on currently available information, Progress anticipates revenue and non-GAAP earnings per share for its fiscal third quarter will be within or above the high end of previously issued guidance provided on June 30, 2026. The company will discuss full financial results of its third quarter on a conference call on September 30, 2026.

Transaction Details

The transaction is structured as an asset purchase where Progress intends to acquire substantially all of the assets and assume certain liabilities of Domo for a cash purchase price of $400 million. The acquisition is currently expected to close within Progress’ fiscal year, ending November 30, 2026, subject to obtaining regulatory approvals and the satisfaction of other customary closing conditions as set forth in the definitive agreement.

Progress expects to finance the transaction with a combination of cash and Progress’ existing revolving credit facility.

Conference Call

Progress will host a conference call to review details of the transaction at 5 p.m. EDT today, Wednesday, July 22, 2026. A live webcast of the call will be available using this link. To access the conference call by phone, please use this link to retrieve dial-in details. Attendees must register for the conference call and an archived version and support materials will be available on the Progress Investor Relations webpage shortly after the conference call concludes.

Advisors

Citi is serving as the exclusive financial advisor for Progress on this transaction, and DLA Piper LLP (US) is serving as Progress’ legal counsel. Jefferies LLC is serving as the exclusive financial advisor to Domo, and Goodwin Procter LLP is serving as legal counsel.

About Progress Software

Progress Software (Nasdaq: PRGS) provides the context and control organizations need to reliably extract value from AI — context drawn from an organization’s data, content and workflows, and control over the security, governance and cost of their AI initiatives. Learn how hundreds of thousands of businesses, powering the work of tens of millions of professionals worldwide, realize value from trusted, enterprise-ready AI at www.progress.com.

About Domo

Domo (Nasdaq: DOMO) is an AI and Data Products platform that helps companies of all sizes leverage data and AI to drive value in today’s data-driven world. Built around our customers’ preferred data

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