04:52 PM EDT, 06/30/2025 (MT Newswires) -- Progress Software ( PRGS ) reported fiscal Q2 adjusted earnings late Monday of $1.40 a share, up from $1.09 a year earlier.

Analysts polled by FactSet expected $1.30.

Revenue in the three months ended May 31 rose to $237.4 million from $175.1 million a year earlier.

Analysts surveyed by FactSet expected $237.5 million.

The company expects fiscal Q3 EPS of $1.28 to $1.34 on revenue of $237 million to $243 million. Analysts expect EPS of $1.30 on revenue of $238.5 million.

The company increased fiscal 2025 guidance to EPS of $5.28 to $5.40 from $5.25 to $5.37 on revenue of $962 million to $974 million, up from $958 million to $970 million. Analysts expect EPS of $5.29 on revenue of $963.5 million.

The company also said it acquired Nuclia, which offers agentic Retrieval-Augmented Generation AI solutions, for an undisclosed amount.

The acquisition closed Monday and is immaterial to financials, Progress said.

Progress shares fell 3.7% in after-hours trading.