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.

BEDFORD, Mass., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact applications, today announced the completion of the acquisition of Kemp, the always-on application experience (AX) company that helps enterprises deliver, optimize and secure applications and networks across any cloud or hybrid environment. Progress announced the proposed acquisition on September 23, 2021.

Progress Completes Acquisition of Kemp

Progress Corticon.js empowers Progress longtime customer Build.One to integrate complex business rules without any coding Progress Corticon.js empowers Progress longtime customer Build.One to integrate complex business rules without any coding

International Low-Code/No-Code Leader Cuts Development Time by 90% with Progress Corticon

New release offers improved support for Web Content Accessibility Guidelines (WCAG) compliance

Progress Releases MOVEit 2021.1 with Improved Levels of Accessibility, Resilience, Scalability and Usability

New release of secure troubleshooting solution enables support teams to capture and resolve end-user issues in half the time New release of secure troubleshooting solution enables support teams to capture and resolve end-user issues in half the time

Progress Announces General Availability of Fiddler Jam

Progress Software continues to grow its ARR through smartly-selected acquisitions. Its latest deal for an infrastructure software provider named Kemp adds $70 million in revenue at barely a ~4x multiple.

Progress Software's Strategy May Not Be Standard, But It's Working

With Progress Sitefinity, leading German fashion brand manages content and commerce at once, improving its SEO score

Tom Tailor Builds Ecommerce Experience with Progress That Outearns Brick-and-Mortar by 10%

Proginov's leading ERP software now includes data management, data protection and exceptional user experience

Progress and Proginov Expand 25+ Year Partnership to Help Customers Accelerate Business Growth

Event will bring together more than 250 global partners for two days of keynotes, breakout sessions, networking opportunities and best practices for building applications of tomorrow Event will bring together more than 250 global partners for two days of keynotes, breakout sessions, networking opportunities and best practices for building applications of tomorrow

Progress Announces Accelerated '21 Partner Conference

Celebrating 40 years in business and 30 years since listing on the Nasdaq, the company looks to the future with a renewed customer commitment, strategic growth mindset and unparalleled product leadership

Progress Rings Nasdaq Opening Bell to Celebrate 40th Anniversary

Progress Software(NASDAQ:PRGS) stock rose by 14.91% on Friday after the company reported its Q3 earnings results on Thursday, September 23, 2021 at 04:15 PM. Here's what investors need to know about the announcement.

Progress Software: Q3 Earnings Insights

Progress Software's (PRGS) third-quarter fiscal 2021 results benefit from momentum in core products, namely, DataDirect, OpenEdge, DevTools, Ipswitch and Chef.

Progress Software (PRGS) Q3 Earnings & Revenues Top Estimates

Progress Software Corp (NASDAQ:PRGS) reported Q3 FY21 non-GAAP revenue of $152.6 million, up 38% year-on-year, beating the consensus of $131.1 million. Non-GAAP EPS of $1.18 beat the consensus of $0.82.

What Is Happening With Progress Software Shares Today?

Progress Software Corporation (PRGS) CEO Yogesh Gupta on Q3 2021 Results - Earnings Call Transcript

Progress Software (PRGS) delivered earnings and revenue surprises of 42.17% and 16.89%, respectively, for the quarter ended August 2021. Do the numbers hold clues to what lies ahead for the stock?

Progress Software (PRGS) Q3 Earnings and Revenues Top Estimates

Progress Software Corp. shares rallied in the extended session Thursday after the business software company topped Wall Street estimates, hiked its full-year outlook, and announced an acquisition.

Progress Software stock rallies on earnings, outlook, acquisition

Q3 Revenue and EPS Significantly Ahead of Guidance Full Year 2021 Guidance Raised Again

Progress Announces Third Quarter 2021 Financial Results

Progress continues to deliver on its total growth strategy with acquisition that meets its financial criteria, has complementary products and a loyal customer base

Progress Announces Acquisition of Kemp, Adding Application Experience to Industry-Leading Product Portfolio

PRGS is set to give its latest quarterly earnings report on Thursday , 2021-09-23. Here's what investors need to know before the announcement.

Earnings Outlook For Progress Software

New release of network monitoring software adds significant usability and security enhancements, enabling users to meet compliance requirements and improve their network's security posture

Progress Introduces Log Management Archiving in WhatsUp Gold 2021.1

Accenture Plc

General Mills

Lockheed Martin

After years of a low interest rate environment, many investors have turned to equities not only for the growth potential but also for solid and dependable dividends that help to provide an income stream.

Blue Chip Defense Leader Among 4 Top Stocks With Dividend Hikes Expected This Week

Most investors know software stocks Oracle  (ORCL) or Trade Desk  (TTD).

This Software Stock Could Be a Short and Long Term Winner

Progress Software (PRGS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Progress Software (PRGS) Earnings Expected to Grow: Should You Buy?

R3 2021 now delivers over 85 native components for Microsoft Blazor, Telerik and Kendo UI Kits for Figma, expansion of Telerik UI for MAUI and WinUI and support for the latest preview of .NET 6

Progress Accelerates App Development with 50+ New UI Components Across Its .NET and JavaScript UI Libraries, with Support for the Design/Development Lifecycle and the Latest in .NET

Leading digital experience vendor redefines platform to support composable experiences with significant enhancements to its multichannel content, integration and analytics capabilities

Progress Powers Scalable, Agile Digital Experience Delivery at a Global Scale with Sitefinity DX 14.0

BEDFORD, Mass., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced that it will release financial results for its fiscal third quarter after the market close on Thursday, September 23, 2021. The company's fiscal third quarter ended on August 31, 2021.

News for Progress Software Stock (PRGS)