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 Corp. (PRGS) provides AI-powered digital experience and infrastructure software used to develop, deploy and manage applications, content, data movement and network operations. Its product portfolio spans Sitefinity, ShareFile, MOVEit, OpenEdge, Chef, Kemp LoadMaster, MarkLogic, DataDirect, Corticon, Flowmon and WhatsUp Gold, covering areas such as content management, document collaboration, managed file transfer, DevOps automation, application development, data connectivity and network security.
Company news commonly covers quarterly financial results, product releases, AI capabilities, security and compliance features, and global workforce operations. Recent recurring themes include Sitefinity Generative CMS, ShareFile document workflows, expansion of engineering and customer operations in India, corporate social responsibility reporting and STEM scholarship initiatives.
Progress (Nasdaq: PRGS) announced it will release its fiscal third quarter financial results on September 27, 2022, after market close. The quarter ended on August 31, 2022. Following the release, the company will conduct a conference call at 5:00 p.m. ET to discuss the results. Interested parties can access the call via Progress' investor relations website or by phone. The archived call and supporting materials will also be available on the same site.
On September 12, 2022, Progress (Nasdaq: PRGS) announced the winners of the 2022 Chef Partner Awards during ChefConf 2022, acknowledging partners who excelled in delivering client outcomes through the Progress Chef portfolio. The awards recognize three key categories: Emerging Partner of the Year won by Bluechip, Technology Partner of the Year awarded to tecRacer, and Public Sector Partner of the Year earned by TapHere! These partners have demonstrated exceptional commitment to customer success and innovation in DevSecOps solutions.
Progress (Nasdaq: PRGS) announced that Nanyang Technological University Singapore (NTU Singapore) has transformed its digital brand presence by utilizing the Progress Sitefinity DX platform. This initiative centralizes management of over 150 subsites, ensuring consistent branding and improved user experience. The project involved 100 departments and 400 users, resulting in a 11% decrease in bounce rates and an 18.5% rise in organic searches. Approximately 82% of users rated the new site as an improvement. NTU's efforts were recognized with the 2022 Progress Sitefinity Website of the Year Award.
Progress (Nasdaq: PRGS) announced the speaker lineup for Progress360, taking place from September 11-14, 2022, in Boston. This hybrid event aims to empower professionals in development, DevOps, IT, and information security. Key features include over 40 technical sessions and notable speakers from top companies like Amazon, Google, and H&R Block. The event combines elements of DevReach, ChefConf, and the Executive Forum, focusing on the latest trends and challenges in technology.
Progress has achieved certification for its Kemp LoadMaster load balancer from the U.S. Department of Defense (DoD). This places the LoadMaster on the DoDIN APL, ensuring its deployment is secure and reliable within the DoD's technology infrastructure. The DoD's stringent testing criteria are increasingly being recognized by federal agencies, indicating a growing trust in the product. Jason Dover, VP of Product Strategy, emphasized Progress's commitment to enhancing federal IT systems, which is vital for delivering scalable applications in government organizations.
Progress announced the opening of applications for the 2022 Akanksha Scholarship for Women in STEM, aimed at empowering women in technology fields in India. The scholarship offers up to INR 160,000 (approximately $2,000) annually for four years to support eligible candidates pursuing degrees in computer science and related disciplines. Selection criteria include academic excellence and demonstrated interest in technology. Applications will be accepted until August 22, 2022, with recipients announced in September.
Progress (Nasdaq: PRGS) announced the launch of Flowmon 12, enhancing network visibility and security solutions for hybrid cloud environments. This release introduces support for Google Cloud and Microsoft Azure flow logs, enabling organizations to monitor their entire infrastructure from a single interface. Key features include advanced anomaly detection using machine learning and improved reporting for easier access to network insights. This innovation aims to bolster cybersecurity and operational efficiency amidst growing data volumes and complex IT infrastructure management challenges.
Progress (Nasdaq: PRGS) reported its fiscal second quarter results for the period ended May 31, 2022. The company achieved a revenue of $148.7 million, reflecting a 21% year-over-year increase. Non-GAAP revenue was $150.9 million, up 17%. Diluted EPS reached $0.66, up 120%, and non-GAAP diluted EPS was $1.04, a 27% rise. Annualized Recurring Revenue (ARR) increased to $486 million, a 13% growth. The company raised its 2022 guidance, projecting a revenue range of $601-$609 million and diluted EPS of $2.11-$2.21.
Progress (Nasdaq: PRGS) announced the 2022 recipients of its Women in STEM scholarships aimed at increasing female representation in tech fields. The Mary Székely Scholarship was awarded to Yiming Fang, who will double major in computer science and business administration at Carnegie Mellon. The Women in Tech Scholarship in Bulgaria recognized Vasilena Krazheva and Tsvetelina Stefanova. Additionally, the Akanksha Scholarship for Women in STEM in India was awarded to Akhila Karanam. These scholarships support educational costs for women pursuing careers in STEM, aligning with Progress's commitment to diversity and innovation.
Summary not available.