Progress Software

Progress Software Corp. is a global software company, which engages in the provision of products that develop and deploy mission-critical business applications. Its products and solutions include OpenEdge, Developer Tools, Sitefinity, Corticon, DataDirect Connect, MOVEit, Chef, WhatsUp Gold, Kemp Loadmaster, and Kemp Flowmon Network Visibility. The company was founded by Joseph Wright Alsop, Clyde Kessel, and Charles Arthur Ziering in 1981 and is headquartered in Burlington, MA.

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Progress Software reports strong Q4 performance and eyes growth opportunities

Progress Software's Q4 performance reflects growth and stability, with a positive outlook for FY '23, driven by high retention rates and strategic acquisitions.
Challenges include managing expenses, addressing seasonality concerns, and optimizing cash flow amidst competitive market dynamics.
Opportunities lie in leveraging the pending MarkLogic acquisition, focusing on product innovation, and expanding revenue through strategic acquisitions.

Progress Software surpasses Q1 expectations and anticipates revenue growth

Progress Software's Q1 2023 earnings call highlighted strong performance, exceeding expectations, and positive outlook for fiscal year 2023. The company showcased robust product performance, high employee satisfaction levels, and successful integration of MarkLogic. Addressing challenges and uncertainties while capitalizing on growth opportunities were key themes discussed.

Progress Software surpasses Q2 estimates, raises full-year outlook

Progress Software's Q2 2023 performance exceeded expectations, driven by revenue growth, strong product offerings, and successful acquisitions. While facing inflationary pressures, the company remains focused on expense management and margin improvement. The outlook for the full year is optimistic, with a raised revenue forecast and ongoing commitment to customer security and success.

Progress Software surpasses Q3 targets, raises guidance amid strategic acquisitions

Progress Software's Q3 call highlighted exceptional performance, strategic acquisitions, and growth prospects.
While challenges like macro impacts and market conditions exist, the company's strengths and opportunities position it well for the future.
Investors can be optimistic about Progress Software's trajectory given its strong financials and forward-looking strategies.

Progress Software excels in Q4, eyes growth amidst challenges

Progress Software's Q4 performance exceeded expectations, driven by strong revenues and operational efficiency.
While facing challenges like a cyberattack and shifting subscription models, the company remains agile and focused on growth.
With a solid financial position and strategic opportunities ahead, Progress Software is poised for continued success in 2024.

Progress Software surpasses Q1 expectations, eyes MariaDB acquisition

Progress Software delivered strong Q1 results, exceeding revenue and margin expectations while showcasing solid cash flow generation and strategic initiatives.
The company's focus on customer relationships, operational efficiency, and innovation positions it well to capitalize on market opportunities and navigate potential challenges.
With a proactive approach to growth through potential acquisitions and AI-driven product offerings, Progress Software demonstrates resilience and adaptability in a dynamic market environment.

Progress Software Q2 2024: Strong Earnings, AI Focus

Progress Software's Q2 2024 earnings call demonstrated strong financial health and strategic foresight. With revenues and EPS exceeding expectations, and a raised outlook for the full year, the company is well-positioned to leverage its AI advancements and M&A strategy for continued growth. Recognition as a top workplace further solidifies its standing in the tech industry.

Progress Software reports strong Q3 earnings, acquires ShareFile for growth

Progress Software demonstrated solid financial performance in Q3 2024, with revenue and EPS growth, strong ARR, and a resilient balance sheet.
The acquisition of ShareFile is poised to significantly boost annual revenue, enhance market position, and drive long-term shareholder value.
While challenges like dividend suspension and integration exist, Progress Software's strategic focus on growth and M&A presents promising opportunities for expansion.
Investors should monitor the successful execution of the ShareFile acquisition and regulatory approvals as key indicators of future growth potential.

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Progress Software Corp. engages in the provision of products that develop and deploy mission-critical business applications. Its products and solutions include OpenEdge, Developer Tools, Sitefinity, Corticon, DataDirect Connect, MOVEit, Chef, WhatsUp Gold, Kemp Loadmaster, and Kemp Flowmon Network Visibility. The company was founded by Joseph Wright Alsop, Clyde Kessel, and Charles Arthur Ziering in 1981 and is headquartered in Burlington, MA.

Progress Software is set to acquire ShareFile, which will boost its portfolio with AI-driven document collaboration.

Can the ShareFile Buyout Change PRGS' Fate or is it a Risky Bet?

Palantir Technologies

Progress Software has just acquired ShareFile but the company announced it was suspending its dividends. The slump in share price presents a good buy opportunity in a growth stock.

Is Progress Software a better investment than Palantir after ShareFile acquisition?

BURLINGTON, Mass., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced that it will release financial results for its fiscal third quarter of 2024 after the market close on Tuesday, September 24, 2024.

Progress Software to Report Third Quarter 2024 Financial Results on September 24, 2024

BURLINGTON, Mass., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced it has entered into a definitive agreement to acquire ShareFile, a business unit of Cloud Software Group, Inc., providing SaaS-native, AI-powered, document-centric collaboration, focusing on industry segments including business and professional services, financial services, healthcare and construction.

Progress to Acquire ShareFile

Progress has released Semaphore 5.10, introducing intuitive AI-assisted knowledge modeling, extended mapping capabilities and classification filtering.

New Progress Semaphore Release Brings to Market AI-Assisted Knowledge Modeling

Multiple AI-powered features and seamless CMS integration influence Sitefinity Insight's status as a RealCDP™ BURLINGTON, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced that Progress® Sitefinity Insight® customer data platform (CDP) has been certified by the Customer Data Platform (CDP) Institute as a RealCDP™ for meeting specific standards and capabilities that are essential for managing and utilizing customer data effectively.

Progress Sitefinity Insight Certified as One of the Strongest CDPs for CMS and the Web by Customer Data Platform Institute

BURLINGTON, Mass., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced that the Securities and Exchange Commission's Division of Enforcement (SEC) has concluded its fact-finding investigation into the MOVEit vulnerability.

Progress Announces Conclusion of SEC Investigation into MOVEit

New offering delivers efficiency, speed and trust in even the most complex IT environments BURLINGTON, Mass., July 31, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the launch of Progress® Chef® Courier™—an innovative product designed to streamline, automate and optimize job orchestration across the entire enterprise software infrastructure.

Progress Introduces the Latest in Job Orchestration with Chef Courier

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Intuit

Amid volatile macroeconomic conditions, Computer Software industry participants like Intuit (INTU), Progress Software (PRGS) and Canaan (CAN) are well-poised to capitalize on accelerating digital transformation and strong adoption of cloud computing solutions.

3 Software Stocks to Keep an Eye on in a Troubled Industry

Progress Software recently beat revenue and earnings estimates, and revised guidance upward, but faces lower revenue growth and increased R&D spending. The company operates in the fast-growing DevOps market, but faces competition from major players focused on AI/ML integration. Recent financial trends feature flattening revenue, declining EPS, and lower gross profit margins.

Progress Software Boosts Outlook Amid Market Challenges

Progress Software NASDAQ: PRGS is a technology company within the systems software sub-industry. The stock reached its 2024 low on Jun. 20, when it was down nearly 11% year to date.

Progress Software Stock Back in the Green After Beating Forecasts

Progress Software Corporation (NASDAQ:PRGS ) Q2 2024 Earnings Conference Call June 25, 2024 5:00 PM ET Company Participants Mike Micciche - VP, IR Yogesh Gupta - CEO Anthony Folger - CFO Conference Call Participants Fatima Boolani - Citigroup Pinjalim Bora - JPMorgan John DiFucci - Guggenheim Securities Harshil Thakkar - Oppenheimer Lucky Schreiner - D.A. Davidson Antonio Venturim - Jefferies Operator Good day and welcome to the Progress Software Corporation Q2 2024 Earnings Call.

Progress Software Corporation (PRGS) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Progress Software (PRGS) give a sense of how its business performed in the quarter ended May 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Progress Software (PRGS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Progress Software (PRGS) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.06 per share a year ago.

Progress Software (PRGS) Q2 Earnings and Revenues Beat Estimates

Second Quarter Revenues and Earnings Per Share Ahead of Guidance Raising Full Year Revenue and Earnings Per Share Outlook BURLINGTON, Mass., June 25, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced financial results for its fiscal second quarter ended May 31, 2024.

Progress Announces Second Quarter 2024 Financial Results

Progress announced that it has received numerous accolades from prestigious organizations for employee satisfaction, leadership, and commitment to CSR.

Progress Recognized for Exemplary Leadership, Inclusive Workplace Culture and Contributions to the Tech Community

Progress Software Corporation PRGS is scheduled to release its second quarter financial results, after the closing bell on Tuesday.

Top Wall Street Forecasters Revamp Progress Software Expectations Ahead Of Q2 Earnings

Progress Software Corporation PRGS will release its second quarter financial results, before the opening bell on Tuesday, June 25.

How To Earn $500 A Month From Progress Software Stock Ahead Of Q2 Earnings Report

Progress today announced that it will release financial results for its fiscal second quarter of 2024 after the market close on Tuesday, June 25, 2024.

Progress Software to Report Second Quarter 2024 Financial Results on June 25, 2024

PHILADELPHIA, PA / ACCESSWIRE / May 30, 2024 / Kaskela Law LLC announces that it is investigating Progress Software Corp. (NASDAQ:PRGS) ("Progress Software") on behalf of the company's investors. Since August 2023, shares of Progress Software's common stock have declined from a trading price of approximately $62.00 per share to a current value of below $50.00 per share, a cumulative decline of 20% in value.

PROGRESS SOFTWARE INVESTOR NOTICE: Kaskela Law LLC Announces Investigation of Progress Software Corp. (NASDAQ: PRGS) and Encourages Investors to Contact the Firm

Progress' latest release enables developers to integrate Generative AI into any app and rapidly build and design innovative, inclusive digital experiences.

Progress Sets the Standard for Application Development with Generative AI Integration, Enhanced Design System Capabilities and Accessible Data Visualization

Using Progress DataDirect, the global IT services company automated complex encryption processes, speeding the cloud migration process for leading healthcare insurer BURLINGTON, Mass., May 07, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that PruTech, a global IT services company that helps organizations implement digital transformation solutions, leveraged Progress® DataDirect® connectors to speed and scale cloud migration in data-sensitive environments, saving customers months of development time.

PruTech Expedites and Scales Cloud Migration with Progress, Saving Customers Months of Development Time

STATEMENT OF NO INTENTION TO MAKE AN OFFER (RULE 2.8 ANNOUNCEMENT) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS IS AN ANNOUNCEMENT UNDER RULE 2.8 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 (THE "TAKEOVER RULES").

Progress Software Corp. No Intention to Make an Offer for MariaDB plc

BURLINGTON, Mass., April 19, 2024 (GLOBE NEWSWIRE) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Progress Software Corp. Statement regarding a Possible Offer for MariaDB plc

BURLINGTON, Mass., April 10, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®.

News for Progress Software Stock (PRGS)