Progress Soft Stock Price, News & Analysis

Progress Software (NASDAQ:PRGS) has announced the opening of its new Center of Excellence (CoE) in Heredia, Costa Rica. The 1,562-square-meter facility, located in Centro Corporativo El Cafetal, will serve as a strategic hub for technical support, customer success, sales, and corporate functions.

The expansion includes doubling the local workforce and will support Progress' growing portfolio of AI-powered solutions. The CoE will provide localized services for customers in the Caribbean and Latin America (CALA) region, building upon Progress' existing presence established through its ShareFile acquisition.

The company is also launching a philanthropic initiative with Fundación Llovera to support unhoused individuals, demonstrating its commitment to local community impact.

Progress Software (NASDAQ: PRGS) reported exceptional Q3 2025 financial results, with revenue reaching $250 million, up 40% year-over-year. The company's Annualized Recurring Revenue (ARR) grew 47% to $849 million.

Key financial metrics include non-GAAP operating margin of 40% and non-GAAP diluted EPS of $1.50, up 19% year-over-year. The company maintained strong net retention at 100% and announced a $200 million increase in share repurchase authorization.

Progress raised its FY2025 guidance, now expecting revenue between $975-$981 million and non-GAAP diluted EPS of $5.50-$5.56. The company highlighted successful ShareFile integration and continued AI investments, including agentic RAG technology implementation across its product portfolio.

Progress Software (Nasdaq: PRGS) has announced early customer testing of its OpenEdge MCP Connector for ABL, a specialized integration tool that combines Generative AI and Retrieval-Augmented Generation (RAG) technology. This purpose-built solution aims to accelerate development and modernization for Progress OpenEdge platform users.

The connector integrates with popular development environments like Visual Studio Code and Windsurf, offering domain-specific coding assistance, automated task handling, and improved code quality management. Early testers, including DMSi, Consultingwerk, and Build.One, have reported positive feedback on developer productivity improvements.

Key features include real-time context-aware development support, automated code generation, legacy system modernization assistance, and enhanced documentation capabilities. The tool is specifically designed to address the limitations of generic AI tools when working with OpenEdge Advanced Business Language (ABL).

Progress Software (NASDAQ: PRGS) has launched Flowmon ADS 12.5, an enhanced version of its anomaly detection system featuring advanced AI-powered capabilities. The release focuses on simplifying threat detection and incident response for organizations, particularly targeting mid-sized enterprises facing cybersecurity challenges.

The update introduces several key features including AI-powered threat briefings, expert-level recommendations, enhanced event visualization, and streamlined incident response workflows. These improvements aim to address common challenges such as increasing network traffic, alert fatigue, and sophisticated cyber attacks while reducing mean time to response (MTTR).

Progress Software (Nasdaq: PRGS) has announced a significant expansion of AI-powered developer capabilities in its Q3 2025 release of Telerik and Kendo UI toolsets. The company is extending its AI Coding Assistants across all major UI component libraries, including support for ASP.NET Core, WPF, WinForms, .NET MAUI, and Angular, as well as Telerik Reporting and Progress Document Processing.

The AI Coding Assistants integrate with popular AI solutions like GitHub Copilot, Claude Code, and Cursor, providing context-aware code generation that has helped early adopters achieve up to 30% productivity gains. The update also includes new AI capabilities in ThemeBuilder for theme creation using conversational prompts, and enhanced AI features for end-users such as Conversational UI, Inline AI Prompt, and AI-powered Data Grid functionality.

Progress Software (Nasdaq: PRGS) has launched Progress Federal Solutions, a new subsidiary focused on serving U.S. federal, defense, and public sector organizations. The announcement was made at the Progress Data Platform Summit in Washington, D.C.

The subsidiary leverages Progress Software's technology portfolio, including the Progress Data Platform, which combines AI and semantic technologies for data management. Key offerings include Automated Semantics, Progressive Graphs, and Progressive Vectors. The solution suite also features Sitefinity, Chef, LoadMaster, and MOVEit products.

Progress Federal Solutions builds upon the foundation of MarkLogic, which Progress acquired in 2023, and will be distributed in the public sector through Carahsoft Technology Corp.

Progress Software (NASDAQ: PRGS), a provider of AI-powered digital experience and infrastructure software, has scheduled its fiscal Q3 2025 earnings release for September 29, 2025, after market close. The fiscal quarter ended on August 31, 2025.

The company will host a conference call at 5:00 p.m. ET on the same day to discuss the results. Participants are encouraged to join 15 minutes before the scheduled start time. A webcast will be available, and supporting materials will be posted on Progress Software's Investor Relations webpage following the call.

Progress Software (Nasdaq: PRGS) has launched Progress® Agentic RAG, a breakthrough SaaS Retrieval-Augmented Generation platform following its Nuclia acquisition. The platform transforms unstructured data into actionable intelligence using trustworthy GenAI, making AI technology accessible to organizations of all sizes.

The platform features no-code RAG pipeline, intelligent multilingual search, AI agent deployment, multi-model integration, and built-in RAG Evaluation Metrics (REMi). Built on NucliaDB, it supports all leading enterprise LLMs and offers comprehensive search capabilities including semantic, keyword, and knowledge graph traversal.

Progress Agentic RAG is available on AWS Marketplace and Progress.com, with pricing starting at $700/month. The platform is already being utilized across industries for AI-driven product recommendations, customer support, and legal research.

Progress Software (Nasdaq: PRGS) has announced the general availability of MarkLogic Server 12, featuring advanced semantic search and graph Retrieval-Augmented Generation (RAG) capabilities. The new release enables organizations to ground generative AI in their trusted data, delivering more accurate and secure results.

Early adopters have reported significant improvements, including an average 33% increase in LLM response accuracy. Notable customer successes include CAS reducing content delivery timeline from 18 months to 90 days, and various organizations achieving accuracy improvements ranging from 70% to 95% in financial services and 50% to 90% in agribusiness sectors.

The announcement was made at Ai4 2025 in Las Vegas, where Progress is showcasing its semantic search and graph RAG approach.