Mission Statement, Vision, & Core Values of Progress Software Corporation (PRGS)

Progress Software Corporation is targeting a massive fiscal year 2025 revenue range of $975 million to $981 million, a financial goal that is defintely tied to the clarity of their underlying mission. This isn't just abstract growth; their Annualized Recurring Revenue (ARR) hit $838 million in Q2 2025, showing real-world traction for their focus on AI-powered applications and digital experiences. But how much of that momentum is driven by their stated Vision to propel business forward in a technology-driven world, and how much is just good execution?

You need to know if their Mission Statement and Core Values are a strategic roadmap or just boilerplate text. When you see non-GAAP diluted earnings per share (EPS) guidance for FY 2025 set between $5.50 and $5.56, you have to ask: are those foundational principles truly translating into the kind of disciplined performance that makes a stock worth holding? Let's break down the core beliefs that underpin this $1.69 billion market cap company.

Progress Software Corporation (PRGS) Overview

You need to know where a company is going, but first, you have to understand its foundation. Progress Software Corporation, founded in 1981 in Burlington, Massachusetts, is not a new player; it's a veteran in the infrastructure software space. They build the mission-critical tools that allow other businesses to develop, deploy, and manage their core applications-now heavily focused on responsible, AI-powered digital experiences.

The core of their business is a diverse product portfolio, which includes the venerable OpenEdge platform for business application development, the Telerik and Kendo UI developer tools, and the Sitefinity content management system. Plus, their recent strategic acquisitions, like ShareFile, have significantly broadened their reach into content-centric collaboration, which is defintely a high-growth area. This strategy is why they are projecting full-year 2025 revenue in the range of $975 million to $981 million.

• OpenEdge: Core application development.
• Telerik/Kendo UI: Developer UI toolkits.
• ShareFile: AI-powered collaboration platform.

Here's the quick math: that $978 million midpoint is a powerful statement about their acquisition-led growth model.

Progress Software's Record-Breaking Fiscal Year 2025 Financials

What really matters to us as analysts is execution, and Progress Software Corporation delivered a strong performance in the latest reporting periods of fiscal year 2025. The company's ability to integrate major acquisitions, like ShareFile, immediately translated into record revenue figures and robust Annualized Recurring Revenue (ARR) growth.

For the third quarter of 2025 alone, Progress reported revenue of $250 million, which was a remarkable 38% year-over-year increase in constant currency. This jump wasn't just a fluke; it reflects the demand for their core products and the successful integration of the new assets. Their ARR, the lifeblood of any software company, stood at an impressive $838 million as of the second quarter of 2025, showing a 46% year-over-year growth.

This growth is also highly profitable. Progress Software Corporation maintained a best-in-class non-GAAP operating margin of 40% in Q3 2025. To be fair, this high margin is typical for a company with a strong maintenance and recurring revenue base, but sustaining it while absorbing a large acquisition is a sign of operational discipline. The company's updated full-year non-GAAP Earnings Per Share (EPS) guidance reflects this strength, now projected between $5.50 and $5.56.

Progress Software Corporation: A Leader in Infrastructure Software

When you look at the numbers, you see a company that isn't just surviving; it's aggressively consolidating its position. Progress Software Corporation is a clear leader in the infrastructure software market, providing the tools that underpin the digital transformation efforts of hundreds of thousands of enterprises. Their strategy of acquiring established, high-ARR businesses and integrating them efficiently is a proven formula for driving shareholder value.

The strong revenue contributions across all geographies, especially North America and EMEA, demonstrate a globally relevant product set that is sticky, meaning customers rely on it for their mission-critical applications. You need to understand the financial health behind this market leadership, so I encourage you to dig deeper into the metrics that drive their value: Breaking Down Progress Software Corporation (PRGS) Financial Health: Key Insights for Investors.

Progress Software Corporation (PRGS) Mission Statement

You're looking for the bedrock of a company's strategy, and for Progress Software Corporation (PRGS), that foundation is its mission statement. It's not just corporate fluff; it's the operating manual that guides every capital allocation decision and product roadmap. Progress's mission is clear: to be the trusted provider of the best products to develop, deploy and manage responsible AI-powered applications and experiences. This mission is the lens through which we, as analysts, view their long-term potential.

The significance here is that this mission directly maps to their financial performance. For the full fiscal year 2025, Progress raised its revenue outlook to a range between $962 million and $974 million, a strong signal that their mission is translating into tangible market success. This focus on being a trusted provider in the high-growth AI space is defintely a key driver.

Component 1: The Trusted Provider of the Best Products

Being a trusted provider is the first, and arguably most critical, component. In the B2B software world, trust translates into sticky revenue-the kind you can bank on. Progress's focus here is on reliability and security, which is why approximately 70% of the Fortune 500 depend on their solutions. That's a massive endorsement of their stability.

The proof is in their customer metrics. Their customer Net Retention Rate (NRR) is consistently at ~100%+, which means the revenue they lose from churn is fully offset, and then some, by existing customers expanding their relationship. Honestly, a NRR over 100% is the clearest sign that customers view Progress not as a vendor, but as a reliable partner. This commitment to product quality and security is what earned them two COMPUTERtrends IT Product of the Year 2025 Awards for products like Progress ShareFile and Progress Flowmon.

Component 2: Develop, Deploy, and Manage Responsible AI-Powered Applications

The mission's emphasis on AI is not just buzz; it's a core investment strategy. Progress is actively embedding Artificial Intelligence (AI) capabilities across its portfolio, and the key word is responsible. This means they are focused on delivering trustworthy solutions that help customers extract value from their own data, not just chasing the latest hype.

Here's the quick math on their commitment: Progress invests about 18% of its revenue back into research and development (R&D). This significant investment fuels innovation like the recent launch of the Progress Agentic RAG (Retrieval-Augmented Generation) platform, a no-code Generative AI solution for unstructured data. This focus on AI-powered innovation is propelling their growth, with Annualized Recurring Revenue (ARR) hitting $849 million in Q3 2025, marking a 47% year-over-year increase.

Component 3: Propel Business Forward

While not explicitly in the mission statement, the vision-to propel business forward in a technology-driven world-acts as the ultimate goal of their mission. For the reader, this translates to Progress's relentless focus on customer outcomes. If they can't make you successful, they won't exist. It's that simple.

The financial results for Q3 2025 show this propelling power in action. Progress reported revenue of $250 million, a 40% increase year-over-year. Plus, their non-GAAP diluted earnings per share (EPS) for Q3 2025 was $1.50, an increase of 19% from the prior year. This growth is a direct result of providing products that allow their customers to drive faster cycles of innovation and achieve transformational success. For a deeper dive into the market dynamics driving this performance, you should consider reading Exploring Progress Software Corporation (PRGS) Investor Profile: Who's Buying and Why?

The strategic actions that support this include:

• Integrating recent acquisitions, like ShareFile, to broaden the product stack.
• Maintaining a Net Retention Rate of 100%+ through strong product value.
• Investing heavily in AI to future-proof their and their customers' applications.

Progress Software Corporation (PRGS) Vision Statement

You're looking past the quarterly noise to understand what fundamentally drives a software company like Progress Software Corporation (PRGS), and that starts with their core principles. Their vision and mission are defintely not just boardroom posters; they map directly to their aggressive push into the Artificial Intelligence (AI) space and their impressive fiscal year 2025 financial performance. The direct takeaway is that Progress is strategically aligning its product portfolio-and its revenue model-to be the indispensable backbone for businesses navigating the AI revolution.

For a deeper dive into the company's foundation, you can check out Progress Software Corporation (PRGS): History, Ownership, Mission, How It Works & Makes Money.

Propelling Business Forward: The Vision

Progress Software's vision is simple and powerful: to propel business forward in a technology-driven world. This isn't just about selling software; it's about enabling transformational success for their clients. The company's focus on AI-powered digital experiences is the engine for this vision right now. Think about it: they're helping customers shift from static systems to dynamic, intelligent applications that drive real outcomes.

The financial results from the third quarter of fiscal year 2025 show this vision in action. Progress reported revenue of $250 million, a significant increase of 40% year-over-year. This kind of growth doesn't come from standing still. It comes from having a clear, forward-looking vision that anticipates where the market is going, which for them is clearly AI and digital experience infrastructure.

Trusted Provider of AI-Powered Applications: The Mission

The mission statement is the operational blueprint for their vision: to be the trusted provider of the best products to develop, deploy and manage responsible AI-powered applications and experiences. The key word here is 'trusted,' especially when dealing with new technologies like AI where data governance and reliability are paramount. They are aiming for precision, not just speed.

Their commitment to a recurring revenue model validates this mission. Progress reported an Annualized Recurring Revenue (ARR) of $849 million in Q3 2025, which grew by an impressive 47% year-over-year. This strong, sticky revenue stream proves that customers are consistently renewing and expanding their use of Progress products. Plus, their Net Retention Rate (NRR) is holding strong at 100%, meaning they are keeping all their current revenue while growing their customer base. That's a vote of confidence in their product quality.

The Core Pillars: People, Proven, and Progress

While many companies list a dozen values, Progress Software Corporation distills its core identity into three pillars: People, Proven, and Progress. These pillars guide everything from product development to customer engagement, and they are the reason why the company has such a deep footprint in the enterprise space.

• People: Focuses on the success of their customers and the growth of their employees. You can see this in their massive developer community, which is over 4 million strong.
• Proven: This speaks to their reliability and history. They are a long-standing partner, with over 200K+ organizations running on their software, including 70% of the Fortune 500.
• Progress: This is about innovation and delivering outcomes. Their recent launch of the Progress® Agentic RAG for Sitefinity® in November 2025 is a concrete example, pushing the boundary of generative Content Management Systems (CMS).

Here's the quick math: keeping 70% of the Fortune 500 happy means your values are working. Anyway, the focus on 'Proven' is a significant differentiator in the volatile software market, giving investors and customers a sense of stability.

Progress Software Corporation (PRGS) Core Values

You want to understand what drives Progress Software Corporation's strategy, especially in a market defined by AI and rapid consolidation. The company's core values-which they call their Company Pillars-aren't just posters on a wall; they are the filter for every investment decision, from product development to acquisitions. For a deeper dive into the firm's trajectory, you can check out Progress Software Corporation (PRGS): History, Ownership, Mission, How It Works & Makes Money.

Progress's vision is clear: to propel business forward in a technology-driven world. Their mission is to be the trusted provider of the best products to develop, deploy, and manage responsible AI-powered applications and experiences. This focus maps directly to three core pillars: Progress (Innovation), Proven (Trust and Responsibility), and People (Community and Inclusion). Let's look at how their 2025 actions ground these values in reality.

Progress: Driving Innovation and Customer Outcome

The core value of 'Progress' is about relentlessly delivering innovation that helps customers achieve their goals faster. It's the engine behind the company's growth strategy, which prioritizes adding high-value products to their portfolio. This isn't just about new features; it's about delivering tangible outcomes for their customers.

We saw this commitment play out with the strategic acquisition of Nuclia on June 30, 2025. Nuclia is an innovator in agentic Retrieval-Augmented Generation (RAG) AI solutions, which means it helps businesses use their own proprietary data to get accurate, verifiable answers from Generative AI. This move immediately extended the value of the Progress Data Platform, showing a clear, actionable investment in the future of enterprise AI.

• Q3 2025 revenue hit $250 million, a 40% year-over-year increase, reflecting successful product integration and customer adoption.
• The firm launched early access to Progress Agentic RAG for Sitefinity in November 2025, creating the first generative Content Management System (CMS) capability built on trusted AI.
• Annualized Recurring Revenue (ARR) reached $849 million in Q3 2025, up a massive 47% year-over-year, proving customers are willing to pay for this innovation.

Innovation is expensive, but it pays for itself.

Proven: Trust, Reliability, and Responsible AI

The 'Proven' pillar emphasizes being a trusted, experienced provider, especially in the mission-critical infrastructure software space. In the age of Generative AI, this translates to a focus on responsible AI-meaning the tools are secure, reliable, and trustworthy, especially when dealing with sensitive enterprise data. You can't afford to have your AI hallucinate on a business-critical application.

Progress has consistently embedded this value into its product development. For example, the new Agentic RAG technology, which they are embedding across their product portfolio, is designed to ensure source traceability and brand governance, which are critical compliance controls for enterprises. Their focus is on giving customers the confidence to use AI without adding unacceptable risk.

Here's the quick math on their financial stability, which underpins this trust:

• Non-GAAP diluted Earnings Per Share (EPS) for Q3 2025 was $1.50, beating the consensus estimate of $1.30.
• The company's full-year 2025 EPS guidance is strong, projected between $5.50 and $5.56.
• Cash and cash equivalents were $99.0 million at the end of Q3 2025, giving them the capital to execute their strategy and maintain product reliability.

A stable financial footing defintely helps build customer trust.

People: Community, Inclusion, and Sustainability

Progress understands that 'People' power progress, and this value extends beyond employees to the global community and environment. This pillar is about fostering an inclusive culture, contributing to social causes, and leading on environmental sustainability (Corporate Social Responsibility or CSR).

Their commitment to sustainability earned them a significant external validation: Newsweek named Progress one of America's Greenest Companies for 2025. This recognition is a direct result of their investments in sustainable workplace practices and their collective efforts to reduce their carbon footprint.

Specific actions demonstrating this value include:

• Donating computers to underserved communities, turning e-waste into educational tools.
• Supporting the Women in STEM scholarship series to promote diversity in the technology pipeline.
• Engaging in global volunteerism and charitable donation programs, showing a commitment to social justice initiatives.

Their global workforce reflects this, with over 25% of their employees based in India, a major center for their AI research and development. This geographic diversity is a strategic asset for a global software provider.