Progress Soft Stock Price, News & Analysis

Progress Software (PRGS) has unveiled its Q2 2025 release of Telerik and Kendo UI, introducing revolutionary AI capabilities for enhanced developer productivity. The release features AI Coding Assistants for Blazor and React, enabling automatic code generation within popular IDEs. Key innovations include AI Theme Generation in ThemeBuilder allowing natural language prompts for custom styling, and GenAI-Powered Reporting Insights for faster decision-making. The update also brings performance-optimized Data Grids, enhanced design system tooling, and new UI components with adaptive features for cross-device compatibility. The AI enhancements extend to PDF Processing, Editor control, and new building blocks, all aimed at accelerating development workflows while maintaining code quality.

Progress (PRGS) has announced enhanced Microsoft 365 integration for its ShareFile platform, introducing significant improvements in enterprise collaboration capabilities. The integration enables real-time coauthoring in Microsoft Word, Excel, and PowerPoint, with expanded file size limits up to 100MB for Word/Excel and 2GB for PowerPoint documents. ShareFile's AI-powered platform focuses on secure document sharing and collaboration, designed to streamline workflows and protect sensitive data. The partnership with Microsoft establishes a foundation for future enhancements, aiming to boost productivity for organizations using Microsoft 365. This integration allows teams to collaborate seamlessly on complex files while minimizing version conflicts.

Progress (PRGS) announced that its Board Chair, John R. 'Jack' Egan, has been awarded the Leadership in Corporate Governance Award by the National Association of Corporate Directors New England Chapter (NACDNE). The award recognizes Egan's contributions to corporate governance and board leadership.

Egan, the founding managing partner of Egan-Managed Capital, L.P., a Boston-based venture capital firm, serves as Lead Independent Director at NETSCOUT and has previously held board positions at EMC Corp., Verint Systems, VMware, and Boston College's Board of Trustees.

The award ceremony will take place at the NACDNE Director of the Year Awards Gala in Boston on April 28, 2025, marking the event's 17th year of recognizing excellence in corporate governance and board leadership.

Progress (PRGS) has announced significant AI enhancements to its Sitefinity content management platform with the release of version 15.3. The update introduces several key features including packaged AI services with GenAI-powered functions, AI-enhanced media search using natural language, Azure AI Translator integration, and AI-based content optimization capabilities.

The platform now enables marketers to create and manage content more efficiently through features like content summarization, writing improvements, and automated tag suggestions. A notable addition is the enhanced integration with BI systems in Sitefinity Insight CDP, allowing users to export marketing data in Parquet format for advanced analysis.

The announcement coincides with Sitefinity's 20th anniversary in 2025, highlighting its evolution into a modern cloud-based, AI-powered enterprise CMS with Next.js support, making it one of the first SaaS CMS platforms to offer integrated multi-technology front-end hosting.

Progress (PRGS) has announced the integration of AI-powered features into its ShareFile platform, a SaaS-native document collaboration solution. The new capabilities focus on enhancing efficiency and data security through purpose-built AI tools.

Key improvements include:

• Document collection acceleration by nearly 3.5x faster
• Information extraction speed increase of up to 96%
• Secure share recommender for automated protection of sensitive data
• Document summarization and Q&A features for quick analysis
• GenAI-powered document request list generation

The platform aims to automate repetitive tasks while allowing teams to focus on building customer relationships. According to Loren Jarrett, EVP & GM of Digital Experience at Progress, these features help boost efficiency and quality in daily operations while enabling employees to concentrate on strategic tasks.

Progress (Nasdaq: PRGS) announced that its MOVEit managed file transfer software has earned a spot in G2's 2025 Best Software Award in the Best IT Infrastructure Products category. Out of 6,562 products, MOVEit was among only 13 to maintain its position from the previous year.

The software has achieved several notable distinctions, including being the only MFT solution to make the Best IT Infrastructure list for three consecutive years (2023-2025) and maintaining leadership in G2's quarterly MFT report since spring 2020.

MOVEit's core features include:

• Advanced security with ISO 27001, SOC 2 Type 2, FIPS 140-2, GDPR, HIPAA, and PCI 4.0 compliance
• Automated workflow capabilities
• Comprehensive oversight with audit logging
• Flexible cloud and on-premises deployment options

Progress (PRGS) reported strong Q1 2025 financial results, with revenue reaching $238 million, marking a 29% year-over-year growth. The company's Annualized Recurring Revenue (ARR) grew impressively by 48% year-over-year to $836 million.

Key financial metrics include an operating margin of 14% (non-GAAP 39%), and diluted EPS of $0.24 (down 53% YoY), while non-GAAP EPS increased 5% to $1.31. The company maintained strong cash positions with $124.2 million in cash and equivalents, and improved Days Sales Outstanding to 48 days.

During Q1, Progress repurchased $30 million of shares and paid down $30 million of their revolving credit line used for the ShareFile acquisition. The ShareFile integration is progressing as planned and expected to complete by year-end.

Progress (Nasdaq: PRGS) announced that its recently acquired ShareFile solution has been named a Visionary in the 2024 Gartner Magic Quadrant for Document Management. ShareFile was evaluated among 15 vendors based on 'Ability to Execute' and 'Completeness of Vision'.

As a SaaS-native, AI-powered content collaboration platform, ShareFile offers features including collaboration workflows, client portals, document request lists, native e-signature functionality, threat detection alerts, AI-powered secure share recommender, and email plug-ins. The recognition highlights ShareFile's role in addressing the challenge where 70-80% of enterprise information is unstructured.

Progress (PRGS) has announced it will release its fiscal first quarter 2025 financial results on Monday, March 31, 2025, after market close. The fiscal quarter ended on February 28, 2025. The company, which specializes in AI-powered digital experience and infrastructure software, will host a conference call with investors at 5:00 p.m. ET on the same day to discuss the results.

Participants are encouraged to join the conference call 15 minutes before the scheduled start time to avoid delays. The company will make both a live webcast and dial-in options available for attendees. Following the live event, an archived version of the call and supporting materials will be accessible through the Progress Investor Relations webpage.