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 its 10th annual ChefConf, to be held virtually on September 7-9, 2021. The conference will unite industry leaders and DevOps professionals to discuss advancements in DevOps and DevSecOps. Notable speakers include experts from Google, Netflix, SAP, and UBS. The event aims to enhance skills and foster innovation in the DevOps space, featuring keynotes, workshops, and networking opportunities. Attendees will delve into topics such as infrastructure compliance and automation, helping them navigate the evolving landscape of technology.
Progress (NASDAQ: PRGS) announced that CFO Anthony Folger and VP of Investor Relations Michael Micciche will participate in investor meetings at Oppenheimer's 24th Annual Technology, Internet & Communications Conference on August 9. The virtual event, running from August 9-11, will showcase cutting-edge technologies and provide a platform for investors to assess leading companies in the sector. Interested parties can arrange one-on-one meetings by contacting an Oppenheimer representative or the conference coordinator.
Progress (NASDAQ: PRGS) has appointed Ian Pitt as its new Chief Information Officer. With over 30 years of IT leadership, Pitt will enhance the company’s IT strategy, focusing on security practices and M&A integration. He reports directly to CEO Yogesh Gupta, who emphasized the importance of IT for growth. Pitt's prior experience includes roles as CIO at LogMeIn and Thunderhead. His leadership is expected to drive innovation and operational efficiency, crucial for safeguarding Progress's infrastructure and supporting its growth strategy.
Progress (NASDAQ: PRGS) has announced the R2 2021 release of Telerik Test Studio, enhancing its UI test automation platform. Key improvements include advanced debugging capabilities for faster app deployment, new support for .NET 5, .NET Core, and .NET 6 Preview, and updated license management options for large teams. These upgrades aim to minimize testing cycle delays and improve operational efficiency. The release is available now, with a webinar scheduled for August 26 to provide further insights.
Progress (NASDAQ: PRGS) has launched MOVEit Cloud, a cloud-based Managed File Transfer (MFT) solution, available on Microsoft Azure for businesses in the UK and Australia. This offering is designed to aid compliance with data protection laws, including GDPR and CCPA, especially post-Brexit. MOVEit Cloud is compliant with PCI, SOC 2 type 2, and HIPAA standards, ensuring data security during transfers. The service allows organizations to maintain control and visibility over file transfers while benefiting from reduced latency and enhanced security.
Progress (NASDAQ: PRGS) recently announced the winners of its global hackathon, The Worthy Web, which ran from April 7 to May 24, 2021. The event attracted 1,200 developers from 83 countries, yielding 52 innovative projects aimed at benefiting humanity. Participants competed for $40,000 in cash and prizes across nine categories. The winning projects included applications focused on blood donation, environmentalism, and corporate social responsibility, demonstrating Progress' commitment to innovation and community engagement.
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.