Progress Software Corporation is a global software company that specializes in developing application development and deployment solutions, data integration, and management tools
The company offers a comprehensive suite of software products that enable organizations to create, deploy, and manage applications efficiently across multiple platforms. Progress Software's offerings include advanced data connectivity solutions, application development frameworks, and tools for modernizing legacy systems, ultimately helping businesses to enhance their operational agility, streamline processes, and improve customer experiences. The company serves a diverse range of industries, providing technology that supports both traditional and cloud-native environments.
Annualized recurring revenue, a key operating metric, jumped 48% YoY to $836 million, with the growth rate accelerating from the 46% pace in the previous quarter.
Annualized Recurring Revenue ("ARR") of $836 million Grew 48% year-over-yearRevenue of $238 million Grew 29% year-over-yearShareFile Integration Underway
The Finchat-compiled consensus estimates call for adjusted earnings per share (EPS) of $1.06 and revenue of $235.64 million for the first quarter of the fiscal year 2025.
BURLINGTON, Mass.,, March 17, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will release financial results for its fiscal first quarter of 2025 after the market close on Monday, March 31, 2025. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. The company’s first quarter of fiscal year 2025 ended on February 28, 2025.
Empowering future women leaders in STEM, the scholarship series supports students in the U.S., Bulgaria and India on their journey to shape computer science, software engineering, IT or related fields
New functionality adds additional protection against cyber threats and supports compliance with evolving security standards for sensitive data transfers
Senior engineering leader to oversee Company’s AI strategy and continued rapid development of AI-powered solutions across the global Progress product portfolio
BURLINGTON, Mass., Jan. 23, 2025 (GLOBE NEWSWIRE) -- New offering empowers enterprises to simplify data operations and enhance AI capabilities in the cloud
