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Progress Software Corp. - PRGS STOCK NEWS

Welcome to our dedicated news page for Progress Software (Ticker: PRGS), a resource for investors and traders seeking the latest updates and insights on Progress Software.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Progress Software's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Progress Software's position in the market.

Rhea-AI Summary
Third Quarter Results Ahead of Estimates. Revenue increased 16% YoY to $175.0 million. Non-GAAP revenue increased 15% YoY to $175.8 million. ARR increased 18% YoY to $577 million. Operating margin was 17% and non-GAAP operating margin was 39%. Diluted earnings per share decreased 16% to $0.42. Non-GAAP diluted earnings per share increased 8% to $1.08.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.84%
Tags
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Rhea-AI Summary
Progress announces partnership with Software Improvement Group to help maintain and modernize business-critical applications built on the OpenEdge platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
Tags
partnership
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Rhea-AI Summary
Progress (Nasdaq: PRGS) to release Q3 2023 financial results on September 26, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.02%
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conferences earnings
Rhea-AI Summary
Progress announces the return of ChefConf 2023, a comprehensive event for DevOps professionals, to be held in Seattle, WA and Munich, Germany. The conference will explore the latest innovations and practices in DevSecOps, compliance, and security. Registration is open.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.44%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.6%
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none
Rhea-AI Summary
Progress (Nasdaq: PRGS) announces Q2 financial results, exceeding revenue and earnings estimates. ARR increases by 19%. Raises full-year guidance. Revenue of $178.3 million, a 20% YoY increase. Diluted earnings per share was $0.27, a decrease of 59% YoY. Non-GAAP diluted earnings per share was $1.06, an increase of 2% YoY. CEO Yogesh Gupta expresses satisfaction with results and highlights positive trends in ARR and net retention rates. Anthony Folger, CFO, also pleased with Q2 results and highlights strong top-line performance. Progress provides updated guidance for FY 2023 and Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.87%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.39%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.3%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
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none
Progress Software Corp.

Nasdaq:PRGS

PRGS Rankings

PRGS Stock Data

2.20B
42.79M
1.55%
105.75%
9.31%
Data Processing, Hosting, and Related Services
Information
Link
US
Bedford

About PRGS

progress software corporation (nasdaq: prgs) is a global software company that simplifies the development, deployment and management of business applications on-premise or on any cloud, on any platform and on any device with minimal it complexity and low total cost of ownership. over 400,000 end-user customers globally run on progress openedge-based applications, and more than 1,400 isvs around the world are powered by progress software. global headquarters 14 oak park drive bedford, ma 01730 usa +781-280-4000