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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

BURLINGTON, Mass., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Progress Software Corporation (NASDAQ: PRGS) (“Progress”) today announced that it intends to offer, subject to market and other conditions, $350.0 million aggregate principal amount of Convertible Senior Notes due 2030 (the “Notes”), to be sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Progress also expects to grant to the initial purchasers of the Notes an option to purchase up to an additional $52.5 million aggregate principal amount of the Notes, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued, solely to cover overallotments.

Progress Software Announces Proposed Convertible Senior Notes Offering

With new features such as incremental build support, OpenTelemetry integration and dynamic data masking, developers can build robust, more secure business applications while optimizing performance BURLINGTON, Mass., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced the latest release of Progress® OpenEdge®, the flagship application development platform used by over 100,000 customers across the globe to simplify the delivery of mission-critical business applications.

Progress Enables Developers to Accelerate Application Modernization with Latest Release of OpenEdge

As the only international speaker, Dr. Shirley Knowles will discuss the benefits of diversity in the workplace and society alongside Bulgarian leaders from HPE, Coca-Cola HBC, Siemens and Shell Oil BURLINGTON, Mass., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that Dr. Shirley Knowles, Chief Inclusion and Diversity Officer, will be a guest speaker at the Academy for Diversity, Equity and Inclusion, a first of its kind certification program in Bulgaria, organized by the Council of Women in Business in Bulgaria in cooperation with Sofia University “St. Kliment Ohridski.

Progress Chief Inclusion and Diversity Officer Selected as a Keynote Speaker for Bulgaria's Academy for Diversity, Equity and Inclusion

Part of the global Progress Women in STEM scholarship series, the US scholarship is designed to empower the next generation of extraordinary women leaders in science, technology, engineering and mathematics BURLINGTON, Mass., Jan. 18, 2024 (GLOBE NEWSWIRE) --  Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that the application process is open for the 2024 Progress Software Mary Székely Scholarship for Women in STEM.

Now Accepting Applications for the 2024 Progress Software Mary Székely Scholarship for Women in STEM

Progress' (PRGS) fourth-quarter fiscal 2023 results benefit from strong subscription license revenues and robust demand for OpenEdge and MarkLogic offerings.

Progress' (PRGS) Q4 Earnings Top Estimates, Revenues Up Y/Y

Progress Software Corporation (PRGS) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Progress Software (PRGS) give a sense of how its business performed in the quarter ended November 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Progress Software (PRGS) Reports Q4 Earnings: What Key Metrics Have to Say

Progress Software (PRGS) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.12 per share a year ago.

Progress Software (PRGS) Q4 Earnings and Revenues Surpass Estimates

Fourth Quarter Revenues and Earnings Per Share Ahead of EstimatesARR Growth of 17% Year-over-Year BURLINGTON, Mass., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced financial results for its fiscal fourth quarter and fiscal year ended November 30, 2023.

Progress Reports 2023 Fiscal Fourth Quarter and Year End Results

Progress Software's (PRGS) fourth-quarter fiscal 2023 results are likely to reflect gains from a strong portfolio that comprises OpenEdge and Sitefinity solutions.

Progress Software (PRGS) to Post Q4 Earnings: What's in Store?

Company received multiple awards for culture and commitment to inclusion and diversity in the second half of 2023 BURLINGTON, Mass., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it earned multiple recognitions from industry leaders in the second half of 2023 for its employee engagement, inclusion and diversity initiatives and corporate social responsibility (CSR) program, bringing its total accolades to 25 for the year.

Progress Named a Top Place to Work and 2023 DEI Champion by The Boston Globe

BURLINGTON, Mass., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal fourth quarter and fiscal year 2023 after the market close on Tuesday, January 16, 2024.

Progress Software to Report Fourth Quarter and Fiscal Year 2023 Financial Results on January 16, 2024

Based on user reviews, Progress Semaphore ranks #1 for the third consecutive year, with the highest marks for usability, breadth and quality of features, business value created and more BURLINGTON, Mass., Dec. 12, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that Progress® Semaphore™, its metadata management and semantic AI platform, has been recognized as a gold medalist and overall leader in the 2023 Metadata Management Data Quadrant from SoftwareReviews, a division of IT research and consulting firm Info-Tech Research Group.

Progress Wins Gold in the 2023 SoftwareReviews Data Quadrant Awards for Metadata Management

Large and midsize enterprise customers from around the world recommend the Progress Digital Experience (DX) Solution BURLINGTON, Mass., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced it has been recognized as a 2023 Gartner® Peer Insights™ Customers' Choice for Digital Experience Platforms (DXP)1.

Progress Recognized as a 2023 Gartner® Peer Insights™ Customers' Choice for Digital Experience Platforms

Progress Sitefinity 15 empowers marketers with generative AI capabilities and enhanced data connectivity for a unified customer view and accelerated delivery of personalized experiences BURLINGTON, Mass., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the trusted provider of application development and infrastructure software, today announced the availability of Progress® Sitefinity® 15.

Progress Accelerates Digital Modernization Using Generative AI and Enhanced Data Connectivity with Latest Release of Sitefinity

Using MarkLogic Data Hub, the Dutch nonprofit created a 360-degree view of protected nature areas to give rangers better situational awareness and help prevent animal poaching

Sensing Clues Saves Wildlife Using Geospatial Intelligence with Progress

Latest R3 2023 release offers new components for .NET MAUI, Blazor and more that enable developers to build modern applications faster with expanded design system tooling, advanced data visualizations, WCAG 2.2 accessibility, Content Security Policy (CSP) compliance, and more BURLINGTON, Mass., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced the R3 2023 release of Progress® Telerik® and Progress ® Kendo UI ®, the most powerful .NET and JavaScript UI libraries and tools for application development.

Progress Enables Application Developers to Easily Meet UI Design Requirements and Accessibility Standards with New Release

Flowmon Anomaly Detection System (ADS) 12.2 offers new capabilities to manage the growing volume of cyber threats with speed and precision BURLINGTON, Mass., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced the latest release of its network anomaly detection system, Progress® Flowmon® ADS.

Progress Unveils AI-powered Contextual Threat Event Analysis with Latest Release of Flowmon

U.S. securities regulators have opened a probe into the MOVEit mass-hack that has exposed the personal data of at least 64 million people, according to the company that made the affected software. In a regulatory filing this week, Progress Software confirmed it had received a subpoena from the U.S. Securities and Exchange Commission (SEC) seeking “various documents and information” relating to the MOVEit vulnerability.

SEC is investigating MOVEit mass-hack, says Progress Software

Recipient of Third Annual Akanksha Women in STEM Scholarship in India selected based on passion for STEM, community commitment and dedication to education

Progress Announces Recipient of Third Annual Akanksha Women in STEM Scholarship in India

Progress Software (PRGS) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -12.31% in 4 Weeks, Here's Why Progress Software (PRGS) Looks Ripe for a Turnaround

Progress' (PRGS) third-quarter fiscal 2023 results benefit from strong subscription license revenues and robust demand for OpenEdge and MarkLogic offerings.

Progress' (PRGS) Q3 Earnings Top Estimates, Revenues Up Y/Y

Announced during the OpenEdge World Tour event in Las Vegas, the awards recognize partners for their innovation, modern business applications and positive impact on their customers' success BURLINGTON, Mass., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced the 2023 OpenEdge North America Partner Awards winners.

Progress Announces Winners of the 2023 OpenEdge North America Partner Awards

Costco

Cardiff Oncology

MillerKnoll

Morphic Holding Inc

Truecar Inc

Cardiff Oncology Inc. CRDF, +0.62% shares surged 32% on favorable data from two cancer drug trials — metastatic pancreatic ductal adenocarcinoma and small cell lung cancer treatment.

Costco share fall following results, while Cardiff Oncology and MillerKnoll shares soar, and more moving stocks

Progress Software specializes in developing software products and platforms for businesses. Around 70% of the income comes from the maintenance of the developed software, which provides recurring revenue and high gross margins. Despite being at all-time highs, PRGS expects excellent growth this year, so the valuation could provide a return of 15% annually in the next 5 years.

News for Progress Software Stock (PRGS)