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) is a provider of AI-powered digital experience and infrastructure software. This news page aggregates company announcements, press releases and other coverage related to Progress, giving readers a central view of how the business evolves across its product portfolio and markets.
According to the company’s own descriptions, Progress focuses on software that helps customers develop, deploy and manage responsible AI-powered applications and personalized digital experiences. News about Progress often highlights updates to its digital experience platforms, such as Sitefinity and Agentic RAG for Sitefinity, where the company has introduced retrieval-augmented generation capabilities and dynamically generated digital experiences driven by trusted AI.
Progress also regularly reports on enhancements to its developer tools, including Telerik and Kendo UI, where it has added features like the Agentic UI Generator and AI coding assistants. These announcements provide insight into how Progress is embedding AI into application development workflows and user interface components.
Other recurring news themes include launches and updates for data and AI platforms such as Progress Agentic RAG and Progress Data Platform, new offerings in managed file transfer like Automate MFT, and developments at Progress Federal Solutions, the subsidiary focused on U.S. federal and public sector customers. Financial results, guidance updates and capital structure developments are reported through earnings releases and Form 8-K filings that are often accompanied by press releases.
Investors, developers, partners and customers can use this page to follow Progress Software’s product announcements, AI initiatives, platform enhancements, federal sector milestones and financial disclosures over time.
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.
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Progress (Nasdaq: PRGS) will announce its fiscal second quarter financial results on June 28, 2022, after market close. The quarter ended on May 31, 2022. A conference call is scheduled for the same day at 5:00 p.m. ET to discuss the results. Investors can access the call at investors.progress.com or by dialing in at 866-374-5140. An archived version of the call will be available post-event.
Progress (Nasdaq: PRGS) announced that Emovis UK upgraded to WhatsUp Gold network monitoring software to enhance its IT operations across a 400-server environment. The previous solution lacked detailed alerts, causing missed performance issues and financial penalties. With WhatsUp Gold, Emovis can now monitor its entire infrastructure continuously, improving issue detection and response. This transition has significantly reduced operational costs and improved service reliability, empowering Emovis to avoid SLA violations and enhance customer experience.
Progress (Nasdaq: PRGS) has opened registration for its upcoming event, Progress360, scheduled for September 11-14, 2022, in Boston. This multi-dimensional event aims to tackle significant challenges in technology and information security, featuring speakers from leading organizations like Amazon and Google. Attendees will benefit from tailored content across various sectors, including developers, IT operations, and executive decision-makers. Keynote speaker Jason Pontin will address technology's role in solving major global issues. For registration and more information, visit www.progress.com/progress360.