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.

Third Quarter Results Ahead of Estimates  ARR Up 18%; Raises Full Year Outlook BURLINGTON, Mass., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced financial results for its fiscal third quarter ended August 31, 2023.

Progress Announces Third Quarter 2023 Financial Results

The partnership offers guidance for Progress OpenEdge customers on modernization, lowering maintenance costs and strengthening their enterprise application

Progress and Software Improvement Group (SIG) Partner to Address Quality Assurance and Security of OpenEdge Applications

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

Progress Software (PRGS) to Post Q3 Earnings: What's in Store?

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BURLINGTON, Mass., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced that it will release financial results for its fiscal third quarter of 2023 after the market close on Tuesday, September 26, 2023. The company's third quarter of fiscal year 2023 ended on August 31, 2023.

Progress Software to Report Third Quarter 2023 Financial Results on Tuesday, September 26, 2023

Now in its 12th year, the comprehensive event for DevOps professionals will dive into the latest innovations and practices in DevSecOps, compliance and security

Progress Announces the Return of ChefConf 2023, with Events in Seattle, Washington and Munich, Germany

BOSTON--(BUSINESS WIRE)---- $PRGS #breach--After the MOVEit data breach, Hagens Berman filed five lawsuits against Progress Software for compromising information of more than 40 million people.

Hagens Berman: Multiple Class-Action Lawsuits Filed After 2023 MOVEit Data Breach Affecting More Than 40 Million People

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1st Source

1st Source Corp.'s S, +2.10% 1st Source Bank said Monday it is one of the several companies impacted by a cyberattack involving Progress Software Corp. PRGS, +0.90% file-transfer software. The company used the software, called MOVEit, for secure file transfers supporting internal operations and client services, it said.

1st Source Bank says it is another victim of Progress Software's MOVEit hack

Company wins multiple awards in first half of 2023 from leading organizations including the Boston Business Journal, Built In, WomenTech and more

Progress Recognized as Top Workplace and Leader in Corporate Social Responsibility

This eagerly awaited event will serve as a unique platform for the gathering of renowned experts in cutting-edge technologies such as .NET MAUI, Blazor, React and Angular that are shaping the future of digital experiences

Progress Announces Date and Speaker Lineup for DevReach 2023, the Largest Developer Conference in Central and Eastern Europe

The surge followed the company's release of its fiscal second quarter results which exceeded expectations, propelling the stock against a backdrop of recent volatility.

Progress Software Surprises With Q2 Beat and Raised Outlook Amid Cloudy Macro Environment

Progress' (PRGS) second-quarter fiscal 2023 results benefit from strong subscription license revenues and robust demand for OpenEdge, Loadmaster, Chef, Sitefinity Cloud and MarkLogic offerings.

Progress' (PRGS) Q2 Earnings Top Estimates, Revenues Up Y/Y

While the top- and bottom-line numbers for Progress Software (PRGS) give a sense of how the business performed in the quarter ended May 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Progress Software (PRGS) Q2 Earnings: A Look at Key Metrics

Progress Software Corporation (NASDAQ:PRGS ) Q2 2023 Earnings Conference Call June 29, 2023 5:00 PM ET Company Participants Michael Micciche - Vice President, Investor Relations Yogesh Gupta - President and Chief Executive Officer Anthony Folger - Chief Financial Officer Conference Call Participants Ittai Kidron - Oppenheimer Ray McDonough - Guggenheim Securities Pinjalim Bora - JPMorgan Brent Thill - Jefferies Anja Soderstrom - Sidoti Operator Good day and welcome to the Progress Software Corporation Q2 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Progress Software Corporation (PRGS) Q2 2023 Earnings Call Transcript

Progress Software (PRGS) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.04 per share a year ago.

Progress Software (PRGS) Tops Q2 Earnings and Revenue Estimates

Progress Software Corp. PRGS, +2.39% shares rose in the extended session Thursday after the infrastructure software company exceeded Wall Street expectations for the quarter, and hiked its annual outlook. Progress Software shares advanced as much as 4% after hours, following a 2.4% gain in the regular session to close at $54.88.

Progress Software stock rises after earnings beat Street, outlook hiked

Exceeds Q2 Revenue and Earnings Estimates ARR increases by 19%; Raises Full Year Guidance Exceeds Q2 Revenue and Earnings Estimates ARR increases by 19%; Raises Full Year Guidance

Progress Announces Second Quarter 2023 Financial Results

The 2023 class includes academically elite students attending Brown University, Sofia University and Technical University in Sofia.

Progress Announces the Recipients of Its 2023 Women in STEM Scholarship Series in the US and Bulgaria; Opens Application Process for India Scholarship

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

Progress Software (PRGS) to Post Q2 Earnings: What's in Store?

Progress Software offers a compelling investment opportunity due to its profitable business model, strategic M&A activity, and attractive valuation multiples. The company has a strong portfolio of sticky software products, robust financial performance, and a diverse customer base, including blue-chip companies. Progress Software's focus on inorganic growth, shareholder-friendly capital allocation, and product innovation positions it well for sustained growth in the software market.

Progress Software: An Outlier In The Infrastructure Software Industry

Progress Software (PRGS) announces the release of its WhatsUp Gold 2023.0 to enhance IT operations and minimize complexity, suggesting a strong product portfolio.

Progress' (PRGS) New WhatsUp Gold 2023.0 Aids IT Operations

Now in its 12th year, the awards recognize the exceptional digital experiences Progress Sitefinity customers and partners have created

Progress Announces Winners of the 2023 Sitefinity Website of the Year Awards

Latest release of Progress WhatsUp Gold provides organizations with advanced configuration management, configurable NOC views and improved reporting capabilities for better insight into their IT infrastructure

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