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.

Progress Software (PRGS) enters into a definitive agreement to buy MarkLogic for $355 million.

Progress (PRGS) Set to Buy MarkLogic, Guides Upbeat Q4 Results

Progress (PRGS) announced it is buying MarkLogic for $355 million. This is why.

Why Progress Software Is Buying MarkLogic For $355 Million (PRGS)

BURLINGTON, Mass., Jan. 03, 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 fourth quarter and fiscal year 2022 after the market close on Tuesday, January 17, 2023. The company's fiscal fourth quarter and fiscal year 2022 ended on November 30, 2022.

Progress Software to Report Fourth Quarter 2022 Financial Results on January 17, 2023

Company adds powerful NoSQL database and semantic metadata management  to its portfolio of industry-leading products and continues to deliver on Total Growth Strategy

Progress Announces Plans to Acquire MarkLogic

Company recognized by The Boston Globe, MassTLC, TrustRadius and more for its leadership in corporate social responsibility and commitment to fostering an inclusive and equitable work environment

Progress Earns Multiple Awards and Recognitions in the Second Half of 2022

The Boston Club Releases Results of 2022 Census of Women Directors and Executive Officers of Massachusetts Public Companies

Progress One of 9 Massachusetts-based Businesses with Critical Mass of Women Directors and Executive Officers

Salesforce

CSG Systems International

NexTier Oilfield Solutions Inc

ServiceNow

Oracle

Trade Desk

When growth companies had access to capital, they were the hypergrowth stocks to buy and hold. Investors could count on their funding growth to fuel their expansion without effort.

7 Hypergrowth Stocks to Buy and Hold Starting in 2023

New research reveals that 73% of respondents admit more could be done to improve DevSecOps practices and highlights commonalities to those businesses finding success

Progress Survey Reveals the Factors Driving the Adoption and Evolution of DevSecOps Over the Next Two Years

Company recognized for its substantial commitment to customers and community

Progress to Ring the Nasdaq Opening Bell for the 15th Time on Friday, November 4

Progress Software's (PRGS) third-quarter fiscal 2022 results benefit from strong demand for Chef, OpenEdge, DataDirect and Sitefinity solutions.

Progress Software's (PRGS) Q3 Earnings & Revenues Top Estimates

Progress Software Corporation (NASDAQ:PRGS ) Q3 2022 Earnings Conference Call September 27, 2022 5:00 PM ET Company Participants Michael Micciche - VP, IR Yogesh Gupta - President and CEO Anthony Folger - CFO Conference Call Participants Fatima Boolani - Citi John DiFucci - Guggenheim Ittai Kidron - Oppenheimer Anja Soderstrom - Sidoti Pinjalim Bora - JPMorgan Operator Welcome to the Progress Software Corporation Q3 2022 Earnings Call. My name is Darryl, and I will be your operator for today's call.

Progress Software Corporation (PRGS) Q3 2022 Earnings Call Transcript

Progress Software (PRGS) delivered earnings and revenue surprises of 3.09% and 3.42%, respectively, for the quarter ended August 2022. Do the numbers hold clues to what lies ahead for the stock?

Progress Software (PRGS) Surpasses Q3 Earnings and Revenue Estimates

Progress Announces Third Quarter 2022 Financial Results

BURLINGTON, Mass., Sept. 26, 2022 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced the appointment of YuFan Stephanie Wang (Stephanie) to the role of Executive Vice President (EVP), Chief Legal Officer (CLO) and Secretary. In this role, Stephanie will oversee all aspects of Progress' legal, compliance and corporate governance efforts.

Progress Announces Appointment of YuFan Stephanie Wang to the Role of Chief Legal Officer

Progress Software (PRGS) inks an agreement with Microsoft to extend the coverage of the Chef DevSecOps portfolio to India.

Progress Software (PRGS), Microsoft Team Up for India Expansion

Latest collaboration empowers Microsoft Azure customers to move to the cloud quickly, easily and securely with Chef DevSecOps automation tools

Progress Expands Collaboration with Microsoft to Accelerate Cloud Migration in India

Progress Software (PRGS) possesses 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) Expected to Beat Earnings Estimates: Should You Buy?

Progress Software (PRGS) announces portfolio expansion with the launch of new solutions, Telerik, Kendo UI and Telerik Test Studio.

Progress Software's (PRGS) New Developer Tools Expand Portfolio

New R3 2022 release advances Progress' position as the UI tools provider of choice with new components and enhancements for Blazor, .NET MAUI, Angular, React and more

Progress Empowers Developers and Designers to Easily Implement Design Systems in Their Apps and Create People-centric User Experiences

BURLINGTON, Mass., Sept. 14, 2022 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal third quarter after the market close on Tuesday, September 27, 2022. The company's fiscal third quarter ended on August 31, 2022.

Progress Software to Report Third Quarter Financial Results on September 27, 2022

Progress Software (PRGS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Progress Software (PRGS) Keep the Earnings Surprise Streak Alive?

Announced during ChefConf 2022, the annual awards recognize partners that have set a new standard for delivering exceptional client outcomes through the Progress Chef portfolio

Progress Announces Winners of 2022 Chef Partner Awards

NTU Singapore revamps its digital brand presence by migrating to Progress Sitefinity in its biggest website transformation to date

Global Leading University in Singapore Builds New Digital Brand Presence, Uniting Over 150 Subsites Under One Domain with Progress

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

News for Progress Software Stock (PRGS)