Core Points - Progress Software will release its financial results for the fiscal second quarter of 2025 on June 30, 2025, after market close [1] - The conference call to discuss the results is scheduled for 5:00 p.m. ET on the same day [1] - The second quarter of fiscal year 2025 ended on May 31, 2025 [1] Conference Call Details - A live webcast of the conference call will be available [2] - Participants are encouraged to join the call 15 minutes early to avoid delays [2] - An archived version of the call and supporting materials will be accessible on the Progress Investor Relations webpage post-conference [2] Company Overview - Progress Software provides software solutions for developing and deploying mission-critical applications and managing data platforms, cloud, and IT infrastructure [3] - The company serves over 4 million developers and technologists across hundreds of thousands of enterprises [3]

Core Insights - Progress Software has announced significant enhancements to its AI-powered document collaboration product, ShareFile, aimed at improving efficiency for accounting professionals [2][3]. Product Enhancements - The new features of ShareFile are designed to reduce administrative burdens, allowing firms to focus on strategic advisory services [3]. - AI-powered document insights can save up to 4.25 hours per tax engagement and enable firms to extract key insights from financial documents up to 96% faster [3]. - A centralized client hub provides streamlined management of client information, files, and projects, enhancing day-to-day operations [4]. Client Interaction Improvements - The upgraded income tax return solution allows for bulk creation of multiple engagements, accelerating client onboarding processes [4]. - The new mobile app for clients enhances engagement by allowing them to view tasks, upload documents, and track service status from their devices [5]. Industry Impact - The enhancements reflect a commitment to enabling accounting firms to work smarter with AI-powered tools, ultimately improving client service and operational efficiency [4][5]. - Progress Software will showcase these innovations at the AICPA ENGAGE 2025 conference, highlighting their impact on the accounting profession [6].

BURLINGTON, Mass., June 04, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the Q2 2025 release of Progress® Telerik® and Progress® Kendo UI®, the most powerful .NET and JavaScript UI libraries for modern application development. This release introduces a number of groundbreaking AI capabilities that significantly accelerate development workflows, including AI Coding Assistants for Blazor and React, ...

Core Viewpoint - Progress Software (PRGS) is positioned well to continue its trend of beating earnings estimates in upcoming quarterly reports [1]. Group 1: Earnings Performance - Progress Software has a strong history of beating earnings estimates, with an average surprise of 17.94% over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $1.31 per share, exceeding the expected $1.04 per share, resulting in a surprise of 25.96% [2]. - For the previous quarter, the consensus estimate was $1.21 per share, while the actual earnings were $1.33 per share, leading to a surprise of 9.92% [2]. Group 2: Earnings Estimates and Predictions - Estimates for Progress Software have been trending higher, influenced by its history of earnings surprises [5]. - The company currently has a positive Zacks Earnings ESP of +0.46%, indicating increased analyst optimism regarding its near-term earnings potential [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat [8]. Group 3: Importance of Earnings ESP - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]. - It is crucial for investors to check a company's Earnings ESP before quarterly releases to enhance the likelihood of successful investment decisions [10].

Core Insights - Progress has announced a deep integration of its ShareFile platform with Microsoft 365, enhancing document workflow and file sharing capabilities for enterprise teams [1][4] - The integration allows for real-time coauthoring in Microsoft Word, Excel, and PowerPoint, supporting larger file sizes up to 100MB for Word and Excel, and 2GB for PowerPoint, facilitating collaboration on complex documents [2][3] Group 1: Product Features - ShareFile now enables seamless, secure coauthoring across Office for the web, desktop, and mobile, aimed at streamlining complex workflows and improving productivity [1][3] - The platform is designed to enhance security and protect sensitive data while promoting collaboration among clients and teams [3] Group 2: Strategic Partnership - Progress is collaborating closely with Microsoft to innovate in cloud-based file management and enterprise collaboration, laying the groundwork for future enhancements to ShareFile [4] - The partnership aims to empower enterprises to enhance security, collaboration, and productivity across distributed teams [5] Group 3: Company Overview - Progress is a trusted provider of AI-powered digital experience and infrastructure software, serving over 4 million developers and technologists across hundreds of thousands of enterprises [6]

Core Insights - Progress Software's international operations are crucial for understanding its financial resilience and growth potential [1][2] - The company's total revenue for the quarter was $238.02 million, reflecting a year-over-year increase of 28.9% [4] International Revenue Breakdown - Latin America generated $5.05 million, accounting for 2.12% of total revenue, which was a decrease of 18.78% from the expected $6.22 million [5] - Europe, Middle East, and Africa contributed $66.94 million, making up 28.12% of total revenue, which was 9.63% lower than the consensus estimate of $74.08 million [6] - Asia Pacific contributed $11.37 million, representing 4.78% of total revenue, exceeding expectations by 12.73% [7] Future Revenue Projections - For the current fiscal quarter, total revenue is anticipated to be $237.85 million, a 35.9% increase year-over-year, with expected contributions of 2.1% from Latin America, 28.2% from Europe, Middle East, and Africa, and 4.8% from Asia Pacific [8] - For the full year, total revenue is projected to reach $965 million, up 28.1% from the previous year, with specific contributions from each region outlined [9] Conclusion on International Operations - The reliance on global markets presents both opportunities and challenges for Progress Software, making the analysis of international revenue trends essential for forecasting future performance [10] - Analysts closely monitor these trends to adjust earnings forecasts, which significantly influence stock prices [11]

A highly respected leader in the business and investment community, Egan is the founding managing partner of Egan-Managed Capital, L.P., a Boston-based venture capital firm. Throughout his career, he has served on the boards of numerous prominent organizations. In addition to his role at Progress, he is the Lead Independent Director of NETSCOUT and has previously been a board member for EMC Corp., Verint Systems, Inc., VMware and Boston College's Board of Trustees. Prestigious honor recognizes Egan's outsta ...

Core Insights - Progress Software (PRGS) has launched AI-powered upgrades to its Sitefinity content management platform to enhance content creation and digital customer engagement [1][2] Product Developments - The new Sitefinity 15.3 release includes embedded Generative AI services for content summarization, message personalization, and tag generation [2] - AI-enhanced media search allows users to find visuals using natural language, and built-in Azure AI translation supports multilingual content management [2] - In-line AI-based content optimization and advanced BI system integration are now available, enabling organizations to streamline workflows and apply custom AI models for deeper insights [3] Financial Performance - PRGS reported annualized recurring revenues (ARR) of $836 million, a 48% increase year over year on a constant currency basis, driven by strong performance in ShareFile and core products [5] - Total revenues for the reported quarter reached $238 million, up 29% year over year, landing at the high end of guidance [5] Competitive Landscape - PRGS's AI strategy aligns with industry trends, outperforming peers like Oracle and Adobe, whose shares have declined 19.5% and 21.3% year to date, respectively [7][10] - Oracle has deepened its collaboration with NVIDIA to enhance AI deployment, while Adobe is enhancing AI accessibility through Microsoft 365 Copilot [8][9] Future Guidance - For Q2 2025, PRGS projects revenues between $235 million and $241 million, with a consensus estimate of $237.85 million, indicating a 35.85% year-over-year increase [11] - Non-GAAP earnings per share are expected to be between $1.28 and $1.34, with a consensus estimate of $1.31, reflecting a 20.18% year-over-year growth [12]

Delray Beach, FL, April 11, 2025 (GLOBE NEWSWIRE) -- The Graph Database Market is estimated to grow USD 2,143.0 million by 2030 from USD 507.6 million in 2024, at a Compound Annual Growth Rate (CAGR) of 27.1 % during the forecast period , according to a new report by MarketsandMarkets™. Graph databases ensure enterprise knowledge management by rebuilding complex data with interconnected nodes and relationships and providing a more straightforward way to navigate and retrieve information. It helps businesses ...

Core Insights - Progress has announced significant AI innovations in its Sitefinity content management platform, enhancing marketers' ability to create, manage, and optimize content efficiently [1][2][3] Group 1: AI Innovations - The new features include AI-powered media search, advanced translation capabilities, and intelligent content optimization, which streamline workflows and improve engagement in an AI-driven marketplace [2][8] - Sitefinity 15.3 introduces embedded AI services that allow users to summarize content, improve writing, personalize messages, and generate tag suggestions within the platform [8] Group 2: Market Position and Competitive Advantage - Loren Jarrett, EVP & GM of Digital Experience at Progress, emphasized that organizations not leveraging AI capabilities will face a competitive disadvantage [3] - Sitefinity is positioned as a leading solution for marketers, developers, and content teams, providing advanced tools to deliver superior digital experiences [3] Group 3: Product Features and Flexibility - Sitefinity is a modern, cloud-based, AI-powered enterprise-grade CMS, now supporting Next.js, which enhances flexibility, upgradeability, and extensibility for businesses [4] - The platform allows for enhanced integration with BI systems, enabling users to export marketing data for sophisticated analysis and application of custom AI models [8]