Should You Go For This Small Cap US Stock-PRGS

Acrobull Canada Advisory Inc.

August 18			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
Progress Software Corporation.	PRGS-NASDAQ	Technology		$1.917 Billion	Medium

Progress Software Corporation creates, deploys, and manages AI-driven applications and digital experiences both in the U.S. and globally. The company provides Chef, a DevOps/DevSecOps automation tool, and Corticon, a decision automation platform designed to enhance user experiences by simplifying and automating complex business rules.

Recent Highlights

CEO Statement- We are very pleased with our strong Q2 results," said Yogesh Gupta, CEO of Progress Software.

With revenue growth across all geographies, we achieved an ARR of $838 million, a 46% year-over-year increase, and a Net Retention Rate of 100%, underscoring the strength of our product portfolio, while our successful integration of ShareFile is on track, with key synergy milestones completed and confidence in meeting all targets by year-end.

Second Quarter 2025 Highlights

Revenue for the quarter was $237 million, reflecting a 36% year-over-year increase on an actual currency basis and a 35% increase on a constant currency basis.

Annualized Recurring Revenue (ARR) reached $838 million, marking a 46% year-over-year growth on a constant currency basis.

The operating margin stood at 16%, while the non-GAAP operating margin was 40%. Diluted earnings per share (EPS) were $0.39, compared to $0.37 in the same quarter of the previous year, representing a 5% increase.

Non-GAAP diluted EPS was $1.40, up from $1.09 in the prior year’s quarter, reflecting a 28% increase.

Stock Observation- Building on the strong momentum demonstrated this quarter, with revenue reaching $237 million and growing 36% year-over-year on an actual currency basis (35% on a constant currency basis), we anticipate continued growth as we expand our customer base, strengthen our product portfolio, and capitalize on favorable market trends. While foreign exchange and macroeconomic conditions may create variability, we remain confident in our ability to deliver sustained top-line expansion in the coming quarters.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull Canada Advisory Inc. only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull Canada Advisory Inc. would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.

Acrobull Recommendation Based on Evaluation

Current Market Price	$45.73USD
Acrobull Recommendation	Buy
Target Price	$51.25 USD
RSI Level	14 Day RSI 45
Total Shares Outstanding	43.11 Million
Shares held by Insiders Shares held by Institutions Risk Factor Stop Loss	1.81% 117.99% Medium 5%