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the conference call will be available, and participants are encouraged to join 15 minutes early to avoid delays [2] - An archived version of the conference call and supporting materials will be accessible on the Progress Investor Relations webpage after the live event [2] Group 3: Company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]

Core Insights - Progress has partnered with the AICPA to make ShareFile the only AI-powered document workflow and secure file-sharing solution in the AICPA Member Discount Program [1][2] Group 1: Partnership and Program Details - The AICPA is the largest member association representing the CPA profession, and ShareFile's inclusion in their program highlights its significance [1][2] - ShareFile aims to empower accounting and finance professionals by streamlining document workflows and enhancing client experiences through secure file sharing [2][3] Group 2: Benefits for AICPA Members - AICPA members can streamline workflows by simplifying document-heavy tasks such as client onboarding and tax preparation with features like native e-signature [2] - The platform allows for standardization of the tax preparation process, making client engagement more efficient [2] - ShareFile minimizes app switching, enabling employees to focus more on client services, thus increasing overall efficiency [2] - A user-friendly portal is provided to enhance the client experience by centralizing document requests and communications [2] - Automated reminders help keep projects on track, saving time and reducing administrative overhead [2] Group 3: Company Background - Progress is a trusted provider of AI-powered digital experiences and infrastructure software, enabling organizations to achieve transformational success [5] - The company supports over 4 million developers and technologists across hundreds of thousands of enterprises [5]

Latest Sitefinity release offers out-of-the-box native support for Next.js and Gen AI-powered content workflows--accelerating the delivery of digital experiences BURLINGTON, Mass., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®. With this release, Sitefinity introduces native support for Next.js, a React framework, enabling organiza ...

Progress Software (PRGS) shares have rallied 17.3% over the past three months, outperforming the Zacks Computer & Technology sector’s growth of 2.2% and the Zacks Computer - Software industry’s return of 3.6%.PRGS shares have outperformed industry peers, including Adobe (ADBE) , CommVault Systems (CVLT) and Manhattan Associates (MANH) , over the same timeframe.While CommVault and Manhattan Associates shares have returned 12.3% and 5%, respectively, Adobe shares have fallen 10.6%.PRGS shares are riding on de ...

Have you been paying attention to shares of Progress Software (PRGS) ? Shares have been on the move with the stock up 3.4% over the past month. The stock hit a new 52-week high of $68.09 in the previous session. Progress Software has gained 24.1% since the start of the year compared to the 32% move for the Zacks Computer and Technology sector and the 18.8% return for the Zacks Computer - Software industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it ha ...

Enduring partnership highlights both companies’ dedication to providing cutting-edge cybersecurity solutions for customers throughout the Middle East BURLINGTON, Mass., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced 10 years of partnership with emt Distribution—a leading cybersecurity distributor in the Middle East and Africa. Together, they have empowered hundreds of organizations across the region, spanning sectors suc ...