Progress Soft Stock Price, News & Analysis

Progress (NASDAQ: PRGS) has expanded its Women in STEM scholarship series to India, introducing the Progress Software Akanksha Scholarship for Women in STEM, offering a $2,000 renewable scholarship for women pursuing degrees in computer science and related fields. This addition raises annual contributions to over $30,000. The company also announced the 2021 recipient of the Mary Székely Scholarship, Gavriela Tejedor Meyers, who will study at Wesleyan University. These initiatives highlight Progress's commitment to supporting women in technology both in the U.S. and globally.

Progress (NASDAQ: PRGS) announces that its MOVEit file transfer solution has achieved major recognition in G2’s Summer 2021 Grid Report, named a top Leader in Managed File Transfer with 21 awards including Easiest to Use and Best ROI. MOVEit also secured a Gold Medal at the SoftwareReviews Data Quadrant Awards for its exceptional user ratings. The solution, noted for ease of deployment and reliability, responds to increased electronic data exchange demands during the COVID-19 pandemic, ensuring secure and compliant data handling.

Progress (NASDAQ: PRGS) will host the Exceed DXpectations Masterclass, a free two-day virtual event for experience makers on June 29-30, 2021. Industry leaders from organizations like the World Health Organization and National PTA will discuss strategies for digital transformation and enhancing user experiences. Key topics include leveraging digital experiences, future of search, and maximizing engagement. The event aims to equip participants with insights to create superior digital experiences in a post-COVID world.

Progress (NASDAQ: PRGS) reported strong Q2 2021 results, exceeding revenue and earnings guidance. Revenue reached $122.5 million, a 22% year-over-year increase, with Non-GAAP revenue at $129.2 million, up 26%. Annualized Recurring Revenue (ARR) was $437 million, reflecting a 23% increase. Despite a 19% drop in diluted EPS to $0.30, Non-GAAP EPS rose 30% to $0.82. The company announced a $250 million share repurchase program and raised its full-year guidance, anticipating revenue between $503-509 million.

Progress (NASDAQ: PRGS) announced enhanced digital marketing capabilities in the latest release of Progress® Sitefinity Insight, a SaaS analytics and optimization system. These updates aim to support marketers adapting to the post-COVID landscape, providing real-time data for personalized campaigns. Key features include advanced conversion attribution modeling, lead scoring rules, and audience intelligence. Alongside Sitefinity Insight, Progress also introduced simplified domain management in Sitefinity Cloud, a PaaS that improves operational efficiency.

Progress (NASDAQ: PRGS) has announced that it will recognize Juneteenth as an annual paid holiday for all U.S. employees, starting June 18, 2021. This decision reflects the company's commitment to diversity and inclusion, emphasizing the need for ongoing efforts towards equity and justice in America. Dr. Shirley Knowles, Chief Inclusion and Diversity Officer, highlighted the significance of this day in celebrating Black culture and achievements. The company supports diversity through various initiatives, including Employee Resource Groups and partnerships with organizations promoting social justice.

Progress (NASDAQ: PRGS) announced significant recognition as a leader in DevOps and DevSecOps from prominent analysts including GigaOm, Kisaco Research, and Constellation Research. These accolades highlight Progress's success post-acquisition of Chef in enhancing its product portfolio. Notably, Chef Compliance garnered acclaim from GigaOm for its continuous compliance capabilities. This acknowledgment reflects customer confidence and positions Progress favorably amidst ongoing digital transformations.

Progress (NASDAQ: PRGS) will release its fiscal second quarter financial results on June 24, 2021, after market close. The quarter ended on May 31, 2021. A conference call will follow at 5:00 p.m. ET to discuss these results. Interested parties can join the call via investors.progress.com or by dialing 800-458-4121, with a passcode of 3588537. Archived materials will be available post-call on the Progress Investor Relations page.

Progress (NASDAQ: PRGS) announced that Mark Troester, VP of Strategy, will speak at the DesignOps Global Conference on June 10, focusing on bridging the gap between designers and developers. The theme for this year’s conference is “Accessibility & Inclusivity – Design For All”. Troester will share insights on DesignOps and best practices to improve collaboration and efficiency. In addition, he will participate in a panel discussing inclusive brand and user experiences. The event is virtual, accessible to pass holders at designops-conference.online.