AI‑Powered Growth

Progress Software (NASDAQ: PRGS) reported Q2 2026 results that exceeded consensus expectations, with adjusted earnings per share of $1.62 and revenue of $253.47 million, a 4.87 % increase over the Zacks Consensus Estimate. The company cited AI‑powered product demand as a key driver of revenue growth and operating margin, which stood at 40 %. CEO Yogesh Gupta highlighted strong performance in data‑platform offerings, while CFO Anthony Folger noted a $110 million debt reduction in the first half of the fiscal year and emphasized continued deleveraging, buybacks, and selective M&A aligned with AI relevance.