Latest Sitefinity release offers out-of-the-box native support for Next.js and Gen AI-powered content workflows--accelerating the delivery of digital experiences BURLINGTON, Mass., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®. With this release, Sitefinity introduces native support for Next.js, a React framework, enabling organiza ...

Progress Software (PRGS) shares have rallied 17.3% over the past three months, outperforming the Zacks Computer & Technology sector’s growth of 2.2% and the Zacks Computer - Software industry’s return of 3.6%.PRGS shares have outperformed industry peers, including Adobe (ADBE) , CommVault Systems (CVLT) and Manhattan Associates (MANH) , over the same timeframe.While CommVault and Manhattan Associates shares have returned 12.3% and 5%, respectively, Adobe shares have fallen 10.6%.PRGS shares are riding on de ...

Have you been paying attention to shares of Progress Software (PRGS) ? Shares have been on the move with the stock up 3.4% over the past month. The stock hit a new 52-week high of $68.09 in the previous session. Progress Software has gained 24.1% since the start of the year compared to the 32% move for the Zacks Computer and Technology sector and the 18.8% return for the Zacks Computer - Software industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it ha ...

Enduring partnership highlights both companies’ dedication to providing cutting-edge cybersecurity solutions for customers throughout the Middle East BURLINGTON, Mass., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced 10 years of partnership with emt Distribution—a leading cybersecurity distributor in the Middle East and Africa. Together, they have empowered hundreds of organizations across the region, spanning sectors suc ...

ShareFile’s AI-powered, document-centric collaboration platform expands Progress’ industry-leading product portfolio and marks a major milestone in the company’s Total Growth Strategy BURLINGTON, Mass., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the completion of the acquisition of ShareFile, a business unit of Cloud Software Group, Inc., providing a SaaS-native, AI-powered, document-centric collaboration platform, f ...

Accomplished industry leader with proven track record in developing people strategies and creating impactful employee experiences for global multi-billion-dollar organizations to enhance award-winning best employer BURLINGTON, Mass., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the appointment of Amanda Arria as Chief People Officer (CPO), effective October 28, 2024. In her new role, Arria will be responsible for all a ...

Have you been paying attention to shares of Progress Software (PRGS) ? Shares have been on the move with the stock up 16.9% over the past month. The stock hit a new 52-week high of $67.9 in the previous session. Progress Software has gained 23.9% since the start of the year compared to the 26% move for the Zacks Computer and Technology sector and the 13% return for the Zacks Computer - Software industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it ha ...

财务表现 - 总收入在第三季度和前九个月均有小幅增长[119] - 软件许可收入在第三季度和前九个月均有增长[120] - 维护和服务收入在第三季度略有下降，在前九个月有所增长[121,122] - 第三季度总收入为1.78亿美元，同比增长5%[129] - 第三季度毛利率为84%，同比提高3个百分点[131] - 前九个月总收入为5.35亿美元，同比增长5%[129,131] - 公司在2024财年第三季度和前九个月的收入和利润均有所增长[140] 地区表现 - 北美地区收入在第三季度和前九个月均有增长[124,125] - EMEA地区收入在第三季度保持相对平稳，在前九个月有所增长[124,125] - 来自北美以外市场的收入占总收入的42%[126] 费用情况 - 第三季度销售和营销费用为3714.1万美元，同比下降4%[132] - 第三季度产品研发费用为3472.0万美元，同比增长5%[133] - 第三季度一般及行政费用为2050.3万美元，同比下降1%[135] - 第三季度无形资产摊销费用为1381.0万美元，同比下降22%[136] - 前九个月销售和营销费用为1.14亿美元，同比增长1%[132] - 前九个月产品研发费用为1.05亿美元，同比增长7%[133] - 前九个月一般及行政费用为6383.0万美元，同比增长5%[135] - 公司在2024财年第三季度和前九个月的重组费用和收购相关费用有所下降[138][139] - 公司在2024财年第三季度和前九个月的网络安全事件和漏洞响应费用保持稳定[137] 业务指标 - 公司的年度经常性收入(ARR)保持相对稳定[149] - 公司的净留存率在99%-101%之间,表明业务表现稳定可预测[150] 现金流和融资 - 公司通过发行可转换票据筹集资金,并用于偿还之前的贷款,现金和现金等价物有所增加[151][152] - 公司董事会增加了1.5亿美元的股票回购授权，截至2024年8月31日剩余1.072亿美元[153] - 公司董事会决定暂停季度股息支付，将资金用于偿还债务、未来并购和股票回购[153] - 2024财年前9个月经营活动产生的现金流增加，主要由于账单和回款增加以及债务再融资导致利率下降[155] - 2024财年前9个月投资活动产生的现金流出主要用于购置固定资产，2023财年前9个月还包括收购支付[156] - 2024财年前9个月筹资活动产生的现金流出主要用于股票回购、偿还债务和支付股息[158] - 公司认为现有现金余额、经营活动产生的现金流以及可用信贷额度足以满足未来12个月的现金需求[159] 其他事项 - 公司MOVEit产品存在安全漏洞，公司正在应对相关的法律和监管问题，预计保险可以减少相关费用和责任[160,161]

Have you evaluated the performance of Progress Software's (PRGS) international operations for the quarter ending August 2024? Given the extensive global presence of this business software maker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth. In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Invest ...

Progress Software (PRGS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since ...