- Progress Software (NASDAQ: PRGS) specializes in AI-powered digital experience and infrastructure software, positioning itself as a trusted provider in the software market.
- In March 2026, Progress Software reported a fiscal first quarter revenue of $248 million, reflecting a 4% year-over-year growth, and raised its FY 2026 earnings guidance to an EPS of $5.91–$6.03, surpassing analyst expectations.
- The company has a strong annualized recurring revenue (ARR) of $863 million, indicating a solid customer base and consistent demand for its software solutions.
- Ideal buyers include mid to large enterprises seeking to enhance their digital infrastructure and customer experience, as Progress Software addresses the growing need for reliable and efficient software solutions in a competitive market.
Engineering is the largest function at Progress with about 580 employees, accounting for a little over one-third of total headcount. Sales & Support follows with 374 team members, underscoring the company’s customer-centric approach. Marketing & Product (164) and Business Management (114) round out the next-largest groups, while Finance & Administration (111) and Information Technology (67) provide essential operational support. Smaller yet vital teams include Operations (45), Human Resources (44), Consulting (39), and a miscellaneous "Other" category (54), illustrating a well-rounded organisational structure.
Progress maintains a widely distributed workforce. More than 1,000 employees are classified under "Other," indicating a significant remote or multi-site presence. Among named locations, Boston, Massachusetts hosts the largest cluster with 128 employees, closely followed by Sofia, Bulgaria at 124. U.S. hubs in Raleigh, North Carolina (61), Bedford, Massachusetts (42), and Nashua, New Hampshire (16) complement sizable engineering centres in Hyderabad (71) and Bengaluru (56) in India. European representation extends to the Randstad region of the Netherlands (28) and London, UK (9), reflecting the company’s commitment to serving customers across North America, Europe, and Asia-Pacific.
