Welcome to our dedicated page for Progress Software (DE) news (Ticker: PRGS), a resource for investors and traders seeking the latest updates and insights on Progress Software (DE) 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) 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.
Progress (NASDAQ: PRGS) has received a prestigious 5-Star rating in CRN's 2021 Partner Program Guide, marking its ninth 5-star recognition and 12th year in the guide. This accolade highlights Progress Accelerate's robust partner program, which offers extensive tools and resources across three levels—Titanium, Gold, and Silver. The rating is awarded based on factors such as partner profitability and support, reflecting Progress's commitment to fostering partner growth in a competitive IT landscape.
Progress has launched new DataDirect connectors that facilitate direct, real-time connectivity to major data sources like Google BigQuery and Salesforce. Available on AWS Marketplace, these connectors simplify data movement for users of AWS Glue, a serverless data integration service. The connectors enhance access to real-time data, breaking down silos for better analytics and machine learning applications.
Progress aims to empower developers and analysts by improving data connectivity, throughput, and scalability across various platforms.