Cloudflight vs Progress

Why we tore down our CCC platform

For nineteen years, the Cloudflight Coding Contest (CCC) that we run has been technologically split in two. There was a game platform where you practice and a separate site where you register. It did its job; roughly 5,000 people per edition made it work. But it meant two logins, two URLs, and a contest record […]

10-Q Financial Filing Analysis for Progress (2026-09-30)

Progress Software Corporation reported its third quarter fiscal 2026 results for the period ended August 31, 2026, delivering quarterly revenue of $246.0 million, down 2% year-over-year primarily due to multiyear subscription contract renewal timing. Operating income for the quarter rose 6% to $46.6 million, and net income increased 17% to $22.8 million ($0.55 per diluted share), supported by disciplined expense management and lower amortization of acquired intangibles. For the nine-month period, revenue expanded 3% to $747.3 million, and operating cash flow grew 54% to $265.5 million. Strategically, Progress completed the redemption of its 2026 Convertible Senior Notes in April 2026 for $361.8 million via its revolving credit facility. Subsequent to the quarter end, on September 22, 2026, the company closed its major $400 million acquisition of Domo, Inc., strengthening its AI and data platforms. Legal exposure from the 2023 MOVEit Vulnerability remains active within multi-district litigation, with net cyber response costs of $3.5 million recognized during the quarter as commercial insurance coverage reached full exhaustion.

• Q3 FY2026 total revenue was $246.0 million (-2% YoY), with operating income of $46.6 million and net income of $22.8 million ($0.55 diluted EPS).
• Annualized Recurring Revenue (ARR) reached $873 million as of August 31, 2026, representing a 1% YoY growth with net retention rates holding steady between 99% and 100%.
• Subsequent to quarter end, Progress closed the $400 million acquisition of Domo, Inc. on September 22, 2026, financed through its existing credit facility, following the full redemption of its 2026 convertible notes in April 2026.

Synametrics Launches SyncriTab, a Web-Based Database Management Tool

Synametrics Technologies announced the launch of SyncriTab, a web-based and on-premises database querying and management solution. SyncriTab provides a centralized browser-based environment for connecting to databases via JDBC, executing SQL queries, managing database structures, and automating tasks. Key features include reduced administration through centralized configuration, deployment in air-gapped environments, robust security controls with two-factor authentication, bundled JDBC drivers, flexible database connectivity, a SQL editor with IntelliSense, data export/import/comparison tools, and a task scheduler. The solution is designed for organizations requiring data privacy and internal control, fully deployable within an organization's infrastructure.

• Synametrics Technologies released SyncriTab, a web-based database querying solution.
• SyncriTab supports on-premises deployment and can run in air-gapped environments.
• The tool includes bundled JDBC Type 5 drivers from Progress Software.

Progress Software Connects Enterprise Knowledge Across Business Systems with New Agentic RAG Capabilities

Progress Software announced new Agentic RAG capabilities to connect enterprise knowledge across business systems, along with fiscal Q3 2026 financial results, Domo Magic ETL advancements, and ShareFile Enterprise launch.