Welcome to our dedicated page for Progress Soft news (Ticker: PRGS), a resource for investors and traders seeking the latest updates and insights on Progress Soft stock.
Progress Software Corporation (Nasdaq: PRGS) provides essential infrastructure solutions for enterprise application development and digital transformation. This dedicated news hub offers investors and technology professionals a centralized source for verified updates about the company's strategic direction and market position.
Access real-time insights through official press releases, financial disclosures, and operational developments. Our curated collection includes updates on product innovations, partnership announcements, and corporate milestones related to PRGS's AI-powered software solutions.
Key content categories cover financial results, technology advancements, strategic acquisitions, and industry leadership initiatives. Stay informed about developments in cloud infrastructure tools, data management systems, and developer productivity solutions that define PRGS's market offerings.
Bookmark this page for continuous access to Progress Software's evolving story in enterprise technology. Combine these updates with fundamental analysis tools available through Stock Titan to maintain informed perspectives on infrastructure software investments.
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.
Progress Software (NASDAQ:PRGS) announced its participation at Ai4 2025, North America's largest artificial intelligence industry conference, scheduled for August 11-13 at the MGM Grand in Las Vegas.
Philip Miller, AI Strategist at Progress, will deliver a presentation titled "Trusted AI: Unlock Data Value" on August 12, 2025, at 2:35 PM PT. The session will focus on connecting generative AI to proprietary data using retrieval-augmented generation (RAG). Attendees can visit Progress at Booth #503 to learn about the Progress® Data Platform and its capabilities in data unification and governance.
Progress Software (Nasdaq: PRGS) has secured a Fifth Amended and Restated Credit Agreement, expanding its revolving credit facility from $900 million to $1.5 billion with an extended maturity date to July 31, 2030.
The new facility replaces the company's existing secured credit facility, with $660 million in revolving credit loans remaining outstanding as of the closing date. According to CFO Anthony Folger, this enhanced credit facility will support Progress' Total Growth Strategy through additional accretive acquisitions.
JPMorgan Chase Bank, Citibank, and Wells Fargo Bank are among the key financial institutions involved in the agreement as lead arrangers and agents.
Progress Software (NASDAQ: PRGS) reported strong financial results for Q2 2025, with significant growth across key metrics. The company achieved revenue of $237 million, up 36% year-over-year, and Annualized Recurring Revenue (ARR) of $838 million, representing 46% growth. Non-GAAP operating margin improved to 40%, while diluted earnings per share increased to $0.39 (GAAP) and $1.40 (non-GAAP).
The company announced the acquisition of Nuclia, an agentic Retrieval-Augmented Generation (RAG) AI solutions provider, to enhance its Data Platform capabilities. The acquisition, while strategically important, is described as immaterial to Progress' financials.
Based on strong performance, Progress raised its full-year 2025 guidance, now expecting revenue between $962-$974 million, non-GAAP operating margin of 38-39%, and non-GAAP diluted earnings per share of $5.28-$5.40. The company also reported significant progress in debt reduction, paying down $40 million of its revolving credit facility in Q2.
Progress Software (Nasdaq: PRGS) has announced the acquisition of Nuclia, a company specializing in agentic Retrieval-Augmented Generation (RAG) AI technology. The acquisition, completed on June 30, 2025, aims to enhance Progress Software's AI capabilities by incorporating Nuclia's RAG-as-a-service product.
Nuclia's technology enables organizations to leverage their proprietary business information to generate accurate and verifiable answers using Generative AI. The solution is designed as a self-service SaaS product, making sophisticated RAG capabilities accessible to businesses of all sizes without significant upfront investment.
The acquisition will expand the Progress Data Platform's capabilities while targeting a broader market of organizations seeking to implement agentic RAG technology. Progress Software has indicated that the transaction is immaterial to its financial statements.
Progress Software (Nasdaq: PRGS) has announced the release of Progress® Semaphore™ 5.10.1, its enhanced metadata management and semantic AI platform. The update introduces significant improvements including expanded AI Model Builder Connectors supporting various LLM providers, intuitive constraint definitions, and full support for SKOS mapping relationships.
Key features include visual support for model constraints, structural-level classification settings, and concept reuse capabilities. The platform aims to help businesses better manage and understand their enterprise data, enabling faster decision-making and improved productivity. Notably, Semaphore was recently recognized as the Leader and Gold Medalist in Info-Tech Research Group's 2024 Metadata Management Data Quadrant.