Progress Soft Stock Price, News & Analysis

Progress (NASDAQ: PRGS) will release its fiscal fourth quarter and 2020 financial results on January 14, 2021, after the market closes. The fiscal fourth quarter ended on November 30, 2020. A conference call to discuss these results is scheduled for 5:00 p.m. ET on the same day, accessible via their investor relations website or by phone. Progress is recognized for its comprehensive product stack that enhances productivity for technology teams and serves over 100,000 enterprise customers and a vast developer community.

Progress (NASDAQ: PRGS) has expanded its partnership with Ingram Micro to include the Iberian Peninsula, enhancing access to its IT management solutions, including Progress MOVEit and WhatsUp Gold. Ingram Micro, a major technology solutions provider, aims to deliver greater operational efficiency for businesses in Spain and Portugal. The partnership allows resellers to access secure file transfer and network monitoring solutions, with potential for further global reach in the future. This agreement follows Ingram Micro's previous expansions into the UK and Middle East.

Progress (NASDAQ: PRGS) announced that CEO Yogesh Gupta has been appointed Co-Chair of the MassTLC Board of Trustees for a two-year term. Gupta is recognized for his role in the Executive Diversity and Inclusion Steering Committee and the Tech Compact for Social Justice, which aims to enhance diversity in Massachusetts' tech sector. Over 90 organizations have joined this initiative, making over 420 commitments to promote inclusion. Gupta emphasized his commitment to innovation and diversity within the tech community as he takes on this leadership role.

Progress (NASDAQ: PRGS) announced the R3 2020 release of Test Studio, enhancing its .NET test automation platform. Key features include a redesigned Test Recorder UI that improves user experience and new support for Telerik UI for Blazor components. The updates aim to streamline software delivery for enterprises amidst modern agile and DevOps practices. The enhanced coding capabilities facilitate the combination of codeless tests with coded steps, promoting efficiency in automated testing workflows.

Progress (NASDAQ: PRGS) is hosting two webinars in November to help developers utilize the newly released .NET 5 platform. The first, 'The Future of Desktop Webinar', is on Nov. 5, focusing on desktop application development. The second, 'The State of .NET Webinar', takes place on Nov. 19, addressing new tooling and performance insights for .NET 5. Progress has been proactive in supporting .NET advancements, already integrating .NET 5 into its development tools, including Telerik UI for various platforms, enhancing developer productivity and application efficiency.

Progress (NASDAQ: PRGS) announced new innovations to enhance the adoption of its Chef DevSecOps portfolio for application development. Key updates include Chef Infrastructure Management, which improves secure infrastructure management and reduces upgrade times; Chef App Delivery, enabling 90% faster application deployment; and compliance enhancements for cloud resource scanning. Additionally, the new 'Learn Chef' skills validation program aims to expedite user training and skill acquisition. These initiatives support broader enterprise adoption and accelerate Progress’ growth in the DevSecOps market.

Progress (NASDAQ: PRGS) has announced that the Danville Area School District (DASD) in Pennsylvania implemented WhatsUp Gold for effective network monitoring amid the challenges of remote learning. The software supports 2,500 users and tracks 600GB of daily network traffic. Key benefits include easy implementation, comprehensive network visibility, and the ability to proactively manage devices. The IT team reports enhanced confidence in handling increased network demands as DASD transitions to a hybrid learning model.

On October 20, 2020, Progress (NASDAQ: PRGS) announced the launch of new DataDirect connectors aimed at bridging data gaps for marketing effectiveness. These connectors facilitate access to data across popular platforms like Google Analytics, HubSpot, Microsoft Dynamics 365, and Oracle Eloqua, enabling near real-time insights into campaign performance. Designed to ease the burden on IT and marketing teams, they reduce the time spent on data discovery and custom coding, thus enhancing productivity and decision-making capabilities.