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 LoadMaster meets the federal government's rigorous cybersecurity requirements for use within the DoD's technology infrastructure

Progress Achieves U.S. Department of Defense Information Network Approved Products List Certification

Designed to empower the next generation of women leaders in STEM, the application process is now open through August 22, 2022

Progress Announces Second Annual Akanksha Scholarship for Women in STEM in India

Progress Software Corporation provides software products to develop, deploy and manage business applications. I am not completely convinced by the competitive strengths of Progress Software products.

Progress Software: Fairly Valued Software Player

Progress Software's (PRGS) second-quarter fiscal 2022 results benefit from momentum in core products, namely, DataDirect and DevTools.

Progress Software (PRGS) Q2 Earnings & Revenues Top Estimates

Organizations can now achieve unified monitoring of their multi-cloud ecosystems from a single location while improving their overall security posture

Progress Pushes the Limits of Multi-Cloud Monitoring and Threat Detection with Latest Release of Flowmon

Progress Software Corporation (NASDAQ:PRGS ) Q2 2022 Results Conference Call June 28, 2022 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 Anja Soderstrom - Sidoti & Company Tyler Radke - Citigroup Pinjalim Bora - JPMorgan Operator Welcome to the Progress Software Corporation Q2 2022 Earnings Call. My name is Darryl, and I will be your operator for today's call.

Progress Software Corporation (PRGS) CEO Yogesh Gupta on Q2 2022 Results - Earnings Call Transcript

Progress Software Corp. shares declined in the extended session Tuesday after the business software company topped Wall Street estimates for the past quarter but fell short of estimates for the current one.

Progress Software stock ticks lower as forecast falls short

Progress Announces Second Quarter 2022 Financial Results

Progress Software (PRGS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Progress Software (PRGS): Can Its 7.3% Jump Turn into More Strength?

BURLINGTON, Mass., June 22, 2022 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced the 2022 recipients of the Mary Székely Scholarship for Women in STEM (US) and the Women in Tech Scholarship (Bulgaria), both part of the larger Progress Women in STEM Scholarship series. Established in 2019, the scholarship series was created to increase the global representation of those who identify as women in the fields of computer science, software engineering, IT and/or computer information systems and to ease the burden of educational costs for deserving women studying to pursue careers in STEM fields.

Progress Announces the 2022 Recipients of its Women in STEM Scholarship Series

Company recognized as an employer of choice by Forbes, Inc. Magazine and the Boston Business Journal

In the First Half of 2022, Progress Wins 10 Awards for Employee Engagement and Corporate Social Responsibility

BURLINGTON, Mass., June 14, 2022 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal second quarter after the market close on Tuesday, June 28, 2022. The company's fiscal second quarter ended on May 31, 2022.

Progress Software to Report Second Quarter Financial Results on June 28, 2022

Global leader in toll-based mobility solutions uses Progress WhatsUp Gold to shorten issue detection, response, and resolution time for 400-server environment Global leader in toll-based mobility solutions uses Progress WhatsUp Gold to shorten issue detection, response, and resolution time for 400-server environment

Emovis UK Chooses Progress to Provide Full Network Visibility, Eliminating Cyber Blind Spots

Three-part event delivers a lineup of industry experts, insights and results-oriented content-- exploring a purpose-driven approach to creating high-impact applications

Registration Now Open for Progress360, DevReach and ChefConf

DES PLAINES, Ill. , May 31, 2022 /PRNewswire/ -- Americaneagle.com, a global digital agency and leading Progress Titanium Partner, is thrilled to announce that five of its customers have been named 2022 Progress Sitefinity Website of the Year Award winners.

Five Americaneagle.com Clients Win 2022 Progress Sitefinity Website of the Year Awards

Now in its 11 th year, the awards recognize the exceptional digital experiences Progress Sitefinity partners and customers have created

Progress Announces Winners of the 2022 Sitefinity Website of the Year Awards

Progress delivers market-leading suite of UI tools for building powerful, native, cross-platform applications with .NET MAUI

Progress Announces Official Launch of Telerik UI for .NET MAUI, Shipping with General Availability of the Microsoft .NET MAUI Framework

BURLINGTON, Mass., May 13, 2022 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that Anthony Folger, Chief Financial Officer, and Michael Micciche, Vice President of Investor Relations, will participate in the 17th Annual Needham Technology & Media Conference. This year's event will be held both in-person and virtually, and Progress will be available for virtual one-on-one meetings with qualified investors on Wednesday, May 18.

Progress to Participate in the 17th Annual Needham Technology & Media Conference

New release includes a MOVEit Add-in for Microsoft Outlook that makes securing files with MOVEit simple, intuitive and easy to deploy across the entire organization

Progress Releases MOVEit 2022 with Advanced Capabilities to Secure and Simplify File Transfer Across Systems

Latest release of Telerik and Kendo UI adds over 30 ready to use components across .NET and JavaScript frameworks, plus compatibility with the latest Preview of .NET 7 and stronger cross-product integration for advanced developer experience Latest release of Telerik and Kendo UI adds over 30 ready to use components across .NET and JavaScript frameworks, plus compatibility with the latest Preview of .NET 7 and stronger cross-product integration for advanced developer experience

Progress Extends Market Leadership with Largest UI Suites for Blazor and .NET MAUI in Latest Telerik and Kendo UI Release

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Company to debut latest additions to its policy-based portfolio during live virtual event on May 25 Company to debut latest additions to its policy-based portfolio during live virtual event on May 25

Progress Extends the Power of DevSecOps to Cloud-Native Assets with the First Release of Progress® Chef® Cloud Security

After 30+ years, company sells Bedford, MA campus, moves to Burlington, MA

Progress Moves Headquarters, Embracing a Future of Work Centered on Employee Choice

Progress Software, one of the lowest-profile stocks in the software sector, continues to execute against its ambitious targets. The company operates as a portfolio company of sorts, with its principal strategy revolving around buying other software companies.

Progress Software: Unconventional, But Powerful

The average of price targets set by Wall Street analysts indicates a potential upside of 26.3% in Progress Software (PRGS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

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