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Progress Software Corporation (PRGS) Q2 2026 Earnings Call Transcript
Operator
Hello, and welcome to Progress Software Second Quarter 2026 Earnings Conference Call. [Operator Instructions] I will now like to hand the conference over to Michael Micciche.
Sir, you may begin.
Michael Micciche
Senior Vice President of Investor Relations
Thank you, Tawanda. Good afternoon, everybody. Thanks for joining us for Progress Software’s Second Fiscal Quarter 2026 Financial Results Conference Call. With me tonight are Yogesh Gupta, our president and CEO, and Anthony Folger, our Chief Financial Officer.
Before we get started, let’s go through the safe harbor statement. During this call, we will discuss our outlook for future financial and operating performance, corporate strategies, product plans, cost initiatives, and other information that might be considered forward-looking.
Such forward-looking information represents Progress Software’s outlook and guidance only as of today and is subject to risks and uncertainties, and our actual results may differ materially. For a description of the factors that may affect our future results and operations, please refer to the risk factors in our SEC filings, particularly the risk factor section of our most recent Form 10-K and the latest 10-Q, which was filed in conjunction with this announcement this evening.
Progress assumes no obligation to update forward-looking statements included in this call. Additionally, please note that all the financial figures referenced in this call tonight are non-GAAP measures unless otherwise indicated.
You can find a reconciliation of these non-GAAP financial
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Red-Hot Inflation And (Inflation-Adjusted) Strong Domestic Private-Sector Demand Marks Q2 GDP – Debt-To-GDP Ratio Dips To 121.5%
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The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
0921 ET — Magna International is improving its margins even while the world produces fewer vehicles. TD Cowen’s Brian Morrison says in a report 2Q results “reinforce Magna’s margin improvement story with adjusted EBIT margin expanding y/y to 6.2% despite lower y/y global light vehicle production.” At the same time, sales increased 3% to $10.98 billion, on “anticipated benefit of FX y/y and new program launches, partially offset by lower global production y/y.” This bodes well for the company. Morrison says that along with strong free cash flow, he sees upside potential to consensus and the applied multiple.” (adriano.marchese@wsj.com)
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