Progress Software (PRGS) reported $214.96 million in revenue for the quarter ended November 2024, representing a year-over-year increase of 21.1%. EPS of $1.33 for the same period compares to $1.02 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $211.34 million, representing a surprise of +1.71%. The company delivered an EPS surprise of +9.92%, with the consensus EPS estimate being $1.21.While investors scrutinize revenue and earnings changes year-over-year and how they compare w ...

Group 1 - Progress Software reported quarterly earnings of $1.33 per share, exceeding the Zacks Consensus Estimate of $1.21 per share, and up from $1.02 per share a year ago, representing an earnings surprise of 9.92% [1] - The company achieved revenues of $214.96 million for the quarter ended November 2024, surpassing the Zacks Consensus Estimate by 1.71%, and an increase from $177.52 million year-over-year [2] - Progress Software has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] Group 2 - The stock has underperformed the market, losing about 3.4% since the beginning of the year compared to the S&P 500's gain of 2% [3] - The current consensus EPS estimate for the upcoming quarter is $1.44 on revenues of $230.22 million, and for the current fiscal year, it is $5.67 on revenues of $929 million [7] - The Zacks Industry Rank for Computer - Software is in the bottom 38% of over 250 Zacks industries, indicating potential challenges for stock performance [8] Group 3 - The estimate revisions trend for Progress Software is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [6] - Future stock movements will largely depend on management's commentary during the earnings call and any changes in earnings expectations [3][4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended November 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to_______. Commission File Number: 0-19417 Securities registered pursuant to Section 12(b) of the Act: PROGRESS SOFTWARE CORPORATION (Exact name of registran ...

Progress Reports Fourth Quarter 2024 and Full Year Results Annualized Recurring Revenue grew 46% year-over-year 2024 Cash Flow from Operations $212 million vs. $174 million last year, 22% growth ShareFile Integration Underway BURLINGTON, Mass, January 21, 2025 (GlobeNewswire) — Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced financial results for its fiscal fourth quarter and fiscal year ended November 30, 2024. Exhibit 99.1 P R E ...

Annualized Recurring Revenue grew 46% year-over-year2024 Cash Flow from Operations $212 million vs. $174 million last year, 22% growthShareFile Integration Underway BURLINGTON, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced financial results for its fiscal fourth quarter and fiscal year ended November 30, 2024. Fourth Quarter 2024 Highlights¹: Revenue and non-GAAP revenue of $215 million in ...

Wall Street analysts forecast that Progress Software (PRGS) will report quarterly earnings of $1.21 per share in its upcoming release, pointing to a year-over-year increase of 18.6%. It is anticipated that revenues will amount to $211.34 million, exhibiting an increase of 19.1% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this peri ...

Company closes 2024 with multiple award recognitions for corporate social responsibility, workplace culture, inclusion and belonging, and more BURLINGTON, Mass., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced it has received multiple awards from prestigious organizations for its inclusive workplace, culture and focus on corporate social responsibility (CSR). Progress strives to create an environme ...

Core Viewpoint - Progress (Nasdaq: PRGS) will release its financial results for the fiscal fourth quarter and fiscal year 2024 on January 21, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 5:00 p.m. ET on the same day [1] - The fiscal year for Progress ended on November 30, 2024 [1] Group 2: Conference Call Details - A live webcast of the conference call will be available, and participants are encouraged to join 15 minutes early to avoid delays [2] - An archived version of the conference call and supporting materials will be accessible on the Progress Investor Relations webpage after the live event [2] Group 3: Company Overview - Progress empowers organizations to achieve transformational success through AI-powered applications and digital experiences [3] - The company serves over 4 million developers and technologists across hundreds of thousands of enterprises [3]

BURLINGTON, Mass., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced that it will release financial results for its fiscal fourth quarter and fiscal year 2024 after the market close on Tuesday, January 21, 2025. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. The company's fiscal year ended on November 30, 2024. Conference Call DetailsA live webcast ...

Core Insights - Progress Software's (PRGS) shares have increased by 37.4% over the past six months, significantly outperforming the Zacks Computer & Technology sector's growth of 4.7% and the Zacks Computer - Software industry's growth of 3.5% [1] - The company is experiencing strong demand for its AI-powered infrastructure software solutions, contributing to stable financial performance despite marginal revenue growth [2] Financial Performance - PRGS reported revenues of $179 million for Q3, exceeding its guidance of $174-$178 million, with earnings per share (EPS) of $1.26, surpassing the expected range of $1.11-$1.15 [5] - The non-GAAP operating margin improved to 41%, reflecting a 200 basis points increase year over year, indicating strong financial health [5] - The company has reduced days sales outstanding from 49 to 45 days, signaling improved revenue collection efficiency and better cash flow management [6] Growth Prospects - PRGS has raised its FY24 guidance, expecting non-GAAP revenues between $745 million and $755 million, with a Zacks Consensus Estimate of $749.79 million, indicating a year-over-year growth of 7.40% [10] - For Q4 2024, the company anticipates non-GAAP revenues between $207 million and $217 million, with a consensus estimate of $211.34 million, reflecting a year-over-year growth of 19.05% [7] Product Development - The company has a robust data platform with products like MarkLogic, Semaphore, and OpenEdge, which support long-term growth across various industries [3] - Recent product launches include the Q4 2024 release for Telerik and Kendo UI, featuring advanced design-to-code tools and support for .NET 9 and Angular 19 [4] Customer Retention - PRGS achieved a net customer retention rate of 99% in Q3, demonstrating its strength in retaining customers and delivering consistent value [6]