Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
United StatesIPO:
30 July 1991Website:
http://www.progress.comNext earnings report:
26 September 2024Last dividends:
03 June 2024Next dividends:
30 August 2024Price
regular market | 12 min agoAnalysts recommendations
Institutional Ownership
PRGS Latest News
Progress Software recently beat revenue and earnings estimates, and revised guidance upward, but faces lower revenue growth and increased R&D spending. The company operates in the fast-growing DevOps market, but faces competition from major players focused on AI/ML integration. Recent financial trends feature flattening revenue, declining EPS, and lower gross profit margins.
Progress Software NASDAQ: PRGS is a technology company within the systems software sub-industry. The stock reached its 2024 low on Jun. 20, when it was down nearly 11% year to date.
Progress Software Corporation (NASDAQ:PRGS ) Q2 2024 Earnings Conference Call June 25, 2024 5:00 PM ET Company Participants Mike Micciche - VP, IR Yogesh Gupta - CEO Anthony Folger - CFO Conference Call Participants Fatima Boolani - Citigroup Pinjalim Bora - JPMorgan John DiFucci - Guggenheim Securities Harshil Thakkar - Oppenheimer Lucky Schreiner - D.A. Davidson Antonio Venturim - Jefferies Operator Good day and welcome to the Progress Software Corporation Q2 2024 Earnings Call.
Although the revenue and EPS for Progress Software (PRGS) give a sense of how its business performed in the quarter ended May 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Progress Software (PRGS) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.06 per share a year ago.
Second Quarter Revenues and Earnings Per Share Ahead of Guidance Raising Full Year Revenue and Earnings Per Share Outlook BURLINGTON, Mass., June 25, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced financial results for its fiscal second quarter ended May 31, 2024.
Progress announced that it has received numerous accolades from prestigious organizations for employee satisfaction, leadership, and commitment to CSR.
Progress today announced that it will release financial results for its fiscal second quarter of 2024 after the market close on Tuesday, June 25, 2024.
Progress' (PRGS) first-quarter fiscal 2024 results benefit from robust demand for OpenEdge and MarkLogic offerings.
Progress Software Corporation (PRGS) Q1 2024 Earnings Call Transcript
What type of business is Progress Software?
Progress Software Corporation is an American technology company headquartered in Bedford, Massachusetts, providing solutions for developing business applications. It was founded in 1981. Progress Software offerings enable developers to quickly and easily create the most modern applications and include: - OpenEdge software; - User interface development tools; - Data integration solutions (Progress DataDirect Connect); - Secure file transfer solutions (Progress DataDirect Hybrid Data Pipeline); - Network management tools; - Web content management solutions, etc. (Sitefinity).
What sector is Progress Software in?
Progress Software is in the Technology sector
What industry is Progress Software in?
Progress Software is in the Software Infrastructure industry
What country is Progress Software from?
Progress Software is headquartered in United States
When did Progress Software go public?
Progress Software initial public offering (IPO) was on 30 July 1991
What is Progress Software website?
https://www.progress.com
Is Progress Software in the S&P 500?
No, Progress Software is not included in the S&P 500 index
Is Progress Software in the NASDAQ 100?
No, Progress Software is not included in the NASDAQ 100 index
Is Progress Software in the Dow Jones?
No, Progress Software is not included in the Dow Jones index
When does Progress Software report earnings?
The next expected earnings date for Progress Software is 26 September 2024