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 partnership with Calgary Foothills Primary Care Network, a Canadian healthcare organization, to implement WhatsUp Gold, a network monitoring software. This implementation aims to enhance network performance by swiftly identifying and resolving issues, particularly as remote access demand has surged during the COVID-19 pandemic. Calgary Foothills PCN, serving over 379,000 patients with more than 490 family doctors, aims to improve IT efficiency and resource allocation.
Progress (NASDAQ: PRGS) announced that Gary Quinn, SVP of Core Field Organization, was named to CRN®’s 2021 Channel Chiefs list, recognizing his leadership and innovation in the IT channel.
Quinn's success includes expanding the Progress® Accelerate™ partner program, which centralizes resources for partners, enhancing their capabilities in the market.
CEO Yogesh Gupta praised Quinn's strategic role, highlighting the importance of channel partnerships in Progress’ growth and customer relationship enhancement.
Progress (NASDAQ: PRGS) announced the release of WhatsUp Gold 2021, enhancing its award-winning network monitoring software with integrated log management for syslog and Windows events. This update simplifies troubleshooting by allowing users to monitor, filter, and alert on network logs within a single interface. New features include outbound REST APIs for third-party application integration, optimized HTML reporting, and faster data processing. Recognized by PC Magazine as a leading network monitoring solution, WhatsUp Gold empowers businesses to manage IT infrastructure effectively.
Progress (NASDAQ: PRGS) has announced the R1 2021 release of Kendo UI, featuring over 24 new JavaScript UI components and support for Angular 11 and React 17. This update enhances developer productivity by offering new components such as DropDownTree and MultiColumnComboBox, alongside significant improvements in existing tools. The Kendo UI libraries cater to frameworks like Angular, React, Vue, and jQuery, facilitating the creation of high-performance web applications. The new capabilities are available now, with a related webinar scheduled for later this month.
On January 20, 2021, Progress (NASDAQ: PRGS) announced the R1 2021 release of Progress Telerik, featuring 26 new components and enhanced Telerik Reporting capabilities. The update strengthens Progress's leadership in Blazor, offering over 65 native UI components and extensive grid features. The next-level report engine improves the reporting experience with support for .NET 5 and enhanced functionalities. This release includes new controls for various platforms, including UI for ASP.NET Core, WPF, and WinForms, aimed at accelerating app development while improving user experience.
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Progress (NASDAQ: PRGS) reported strong fiscal 2020 results with revenue of $442.15 million, marking a 7% increase year-over-year. Fourth quarter revenue reached $122.4 million, up 5% compared to the previous year, with diluted earnings per share at $0.39, reversing a loss from last year. The acquisition of Chef Software enhances its position in the growing DevOps market. Looking ahead, the company projects FY 2021 revenue between $487 million and $495 million and expects diluted EPS of $1.40 to $1.46.
Progress (NASDAQ: PRGS) has opened applications for the 2021 Mary Székely Scholarship aimed at empowering women in STEM. This four-year, renewable scholarship awards $10,000 annually to eligible women pursuing degrees in computer science and related fields. Applications are accepted until March 5, 2021, with the scholarship managed by The Philanthropic Initiative. The initiative honors Mary Székely, co-founder of Progress and a pioneer for women in technology. The scholarship highlights Progress's commitment to diversity and fostering future leaders in STEM.
Progress announced that Goodbody, a leading Irish brokerage, has successfully implemented Progress® Sitefinity® Cloud to enhance customer engagement through digital transformation. This initiative led to a fourfold increase in account openings year-over-year. The deployment took only 15 business days, enabling Goodbody to launch new marketing campaigns efficiently. With features that eliminate infrastructure management, Sitefinity Cloud boosts productivity and supports growth plans, allowing firms to focus on core business operations.
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.