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Progress Software Corporation: Business Overview, Financials & Competitive Analysis

Progress Software Corporation scores 7/10 on the AskCyborg Cyborg Score (Strong). Strong organic growth and AI-driven momentum offset by balance sheet leverage and competition in consolidating M&A market. Progress' revenue climbed 18% year over year to $253 million in the fourth quarter and guided for revenue of $986 million to $1 billion in fiscal 2026. The company demonstrates a noteworthy.

What is Progress Software Corporation's industry? Progress Software Corporation (progress.com) operates in Software - Application Development & Deployment Platforms. AskCyborg classifies Progress Software Corporation under Software - Application Development & Deployment Platforms in its company registry.

Progress is a global software company whose mission is to provide the best products to develop, deploy and manage high-impact business applications. The company operates in one segment: software products for the devel...

7/ 10Strong

Cyborg Score thesis

Strong organic growth and AI-driven momentum offset by balance sheet leverage and competition in consolidating M&A...

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Industry Software - Application Development & Deployment Platforms
5 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: October 19, 2026
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Progress Software Corporation OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Progress Software Corporation Overview

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Progress is a global software company whose mission is to provide the best products to develop, deploy and manage high-impact business applications. The company operates in one segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Progress has demonstrated strong execution in 2025-2026 with solid revenue growth and expanding AI capabilities.

Strategic Profile

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The firm's adaptability in harnessing AI to cultivate revenue streams and ARR is a dynamic shift, forecasted to foster consistent growth in upcoming cycles. The early completion of the ShareFile integration stands out as most relevant and ties directly into expectations that Progress can extract cost synergies while layering subscription and SaaS revenues on top of its infrastructure base. The company is positioned as a consolidator in developer tools and AI-powered application platforms.

Competitive Landscape

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Progress competes with larger enterprise software platforms like Salesforce, Microsoft, and IBM in AI-powered application development, as well as specialized DevOps/integration players. The company differentiates through a portfolio approach combining developer tools (Chef, OpenEdge), integration platforms (MOVEit), decision automation (Corticon), and emerging AI capabilities (Agentic RAG). Its lack of a substantial footprint in the rapidly growing Platform as a Service (PaaS) market places it at a disadvantage against larger competitors.

Industry Context

Progress Software Corporation operates in Software - Application Development & Deployment Platforms.

Key facts

Headquarters: Burlington, US · Revenue: $978M (FY 2025) · Market cap: $1.51B

What the AI analysts debated

AI-generated and not independently verified: selected findings from the multi-agent debate on Progress Software Corporation.

  • Annual recurring revenue (ARR) rose by $11 million sequentially to $849 million, representing a robust growth rate of 47% year-over-year.
  • Progress recently shared a robust performance in its fiscal Q4 report, exceeding market predictions for both earnings and revenue with a noticeable uptick in adjusted EPS, significantly surpassing street estimates.
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Recent developments

Material events tracked by the AskCyborg corpus.

  • Feb 2026Stock surges 12-16% following Q4 earnings beat and announcement of early ShareFile integration completion
  • Jan 2026FY 2026 guidance issued at $986M-$1B revenue with $1.74-$1.91 EPS, outperforming consensus estimates
  • +1 moreTrack every material event for Progress Software Corporation as it happens. Explore monitoring →
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

AI-Powered Application DevelopmentVisual Studio, Azure DevOps, GitHub Copilot→Cloud Integration PlatformMuleSoft integration platform→DevOps AutomationInfrastructure automation and configuration management→File Transfer & Secure Data MovementSecure file transfer and collaboration→Decision AutomationDecision management and analytics platforms→

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Industry context

Progress Software Corporation operates in Software - Application Development & Deployment Platforms. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Progress Software Corporation do?+
Progress is a global software company whose mission is to provide the best products to develop, deploy and manage high-impact business applications. The company operates in one segment: software products for the devel...
What is Progress Software Corporation's Cyborg Score?+
Progress Software Corporation has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Progress Software Corporation's main competitors?+
Named competitors include AI-Powered Application Development, Cloud Integration Platform, DevOps Automation, File Transfer & Secure Data Movement. The full competitive landscape is in the AskCyborg report.
How can I get the full Progress Software Corporation research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Progress Software Corporation research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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