Progress Software Corp

9© 2026 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Total Growth Strategy: Driving ARR Growth All periods reported in constant currency, using current year budgeted exchange rates Excludes ARR values from acquisitions prior to purchase date Excludes Domo in all periods ARR CAGR of 15% Q3 2021 – Q3 2026 10© 2026 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Total Growth Strategy: Driving Revenue Growth Revenue CAGR of 14% 2022 – 2026(E)* * Represents the mid-point of our FY’26 guidance range 11© 2026 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Total Growth Strategy: Growing Profitability Operating Income CAGR of 13% 2022 – 2026(E)* Best-in-class non-GAAP operating margins consistently above 35% * Represents the mid-point of our FY’26 guidance range 12© 2026 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Total Growth Strategy: Growing Unlevered Free Cash Flow Unlevered FCF CAGR of 13% 2022 – 2026(E)* * Represents the mid-point of our FY’26 guidance range 13© 2025 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved.6 Capital Allocation Strategy PRIMARY FOCUS Continue to prioritize accretive M&A opportunities that meet our disciplined criteria to create the strongest returns. Repurchase shares to offset dilution from our equity programs. • Management has flexibility to increase, reduce, or suspend repurchases depending on market conditions and other considerations including size and timing of proposed M&A. • $17M of shares repurchased in Q3 ’26; $72M YTD Use our significant free cash flow to aggressively pay down debt and reload for the next acquisition. • $60M repaid in Q3 '26; $170M YTD • Currently modeling $360M increase in revolver to cover Domo acquisition, net of debt repayments in Q4 '26

14© 2026 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Well Defined M&A Framework  Cast a wide net across infrastructure software for AI-resilient businesses  Tight alignment increases synergy potential  ~10-25% of current Progress revenues  Can be financed and integrated efficiently  High recurring revenue and customer retention  Potential to achieve operational efficiency  Focused on sustained returns, accretiveROIC > WACC Financial Characteristics Appropriate Sizing End Market Alignment 15© 2026 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Summary Q3 2026 Financial Results Q3 2026 Results Prior Q3 2026 Outlook (provided on June 30, 2026) Revenue $246M $244M - $250M GAAP earnings per share (Diluted) $0.55 $0.35 - $0.41 Non-GAAP earnings per share (Diluted) $1.69 $1.53 - $1.59 GAAP Operating Margin 19% Not guided Non-GAAP Operating Margin 43% Not guided Cash from Operations (GAAP) $88M Not guided Adjusted Free Cash Flow (Non-GAAP) $87M Not guided Unlevered Free Cash Flow (Non-GAAP) $101M Not guided 16© 2026 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Domo Purchase Multiples and Revenue Purchase Multiples ~1.4x Steady-state revenue ~3.5x Pro forma EBITDA >85% of Domo ARR is consumption-based Consumption platform Legacy seat-based Professional services $318.9M Domo FY2026 actual $307.1M Q2 FY2027 annualized $280M–$290M Steady state Lower professional services and deliberate, planned seat-based churn Domo Annualized Revenue (M) Domo fiscal 2026 ended January 31, 2026: revenue of $318.9M ($289.4M subscription, $29.5M professional services) per Domo’s Form 10-K. Q2 fiscal 2027 annualized is the quarter ended July 31, 2026 times four. Composition within subscription and the steady-state bar are illustrative. Multiples are calculated on the $400M purchase price against steady-state revenue of $280M–$290M and Domo pro forma EBITDA.

18© 2026 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Domo Margin Impact and Interest Expense 35% 36% 37% 38% 39% 40% 38–39% FY ’27 Before Domo 36–37% FY ’27 With Domo 38–39% Post-Integration Margin 100–200 bps Synergies realized Non-GAAP Operating Margin Domo Stand-alone Operating Margin Slightly Below 30% in Fiscal 2027 Timing, not economics; reverses in fiscal 2028 INTEREST EXPENSE $390M Revolver draw at close ~$21M Incremental fiscal 2027 interest With debt repayments at 6% rate Domo’s earnings contribution meaningfully exceeds the interest cost of funding it. Progress will provide formal fiscal 2027 guidance in January. Fiscal 2027 and fiscal 2028 figures shown are the mechanical effects of the transaction described in our prepared remarks and are not guidance.

19© 2026 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Outstanding Debt and Potential Impact on Share Count Approximately $5.0M of additional interest expense in FY 2026 for amortization of debt issuance costs Convertible Balance: $450M Interest Rate: 3.50% Conversion Price: $67.74 Expiration: March 1, 2030 Capped Call Coverage: up to $92.98* * Subject to downward adjustment for dividend policy Revolver (as of 8/31/26) Balance: $790M drawn out of $1.5B Interest Rate: 1.25% to 2.5% above benchmark Current interest rate ~ 5.4% as of Aug 31, 2026 Unused revolver fee: 0.15% - 0.35% Expiration: July 21, 2030 $50 $55 $60 $65 $70 $75 $80 Impact of convertible notes on diluted weighted average share count (M)* 0.0 0.0 0.0 0.0 0.2 0.6 1.0 * Does not contemplate the impact on diluted weighted average share count from other events such as repurchases, issuance under equity plans, etc. Future Share Price 20© 2026 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Business Outlook (as of September 30, 2026) Q4 2026 Current Outlook FY 2026 Prior Outlook (provided on June 30, 2026) FY 2026 Updated Outlook Revenue $297M - $305M $990M - $1,002M $1,044M - $1,052M GAAP EPS ($0.41) - ($0.32) $1.60 - $1.74 $1.18 - $1.28 Non-GAAP EPS $1.24 - $1.33 $6.09 - $6.21 $6.15 - $6.23 GAAP Operating Margin Not guided 16% 13% Non-GAAP Operating Margin Not guided 39% 38% Cash from Operations (GAAP) Not guided $273M - $285M $274M - $282M Adjusted Free Cash Flow (Non- GAAP) Not guided $271M - $283M $275M - $283M Unlevered Free Cash Flow (Non- GAAP) Not guided $323M - $334M $330M - $338M GAAP Effective Tax Rate Not guided 25% Unchanged Non-GAAP Effective Tax Rate Not guided 20% Unchanged