UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to _____. Commission File Number: 0-19417 PROGRESS SOFTWARE CORPORATION (Exact name of registrant as specified in its charter) Delaware 04-2746201 (State or ...

Progress Software TodayPRGSProgress Software$53.46 -1.48 (-2.69%) 52-Week Range$48.00▼$62.34Dividend Yield1.31%P/E Ratio32.60Price Target$63.14Add to WatchlistProgress 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. The firm reported its second-quarter financial results on Jun. 25, 2024, and is back in the green, now up almost 2% on the year. The firm's results impressed the market, w ...

财务表现 - Q2 2024财报显示，Progress的营收为1.75亿美元，超出之前指导范围的高端1.66亿至1.7亿美元[5] - 年化重复收入（ARR）为5.79亿美元，同比增长1%[5] - 运营利润率为38%[5] - 每股收益为1.09美元，超出之前指导范围的高端0.93至0.97美元[5] - 3Q'24的指导为营收1.74亿至1.78亿美元，每股收益1.11至1.15美元[5] - FY2024的指导提升，营收为7.25亿至7.35亿美元，每股收益4.70至4.80美元[6] - ARR增长率为0.9%[8] - 2019年至2024年（预测）的营收复合年增长率（CAGR）为11%[9] - 2019年至2024年（预测）的非GAAP运营利润率CAGR为12%[10] 财务调整 - 公司排除了因重组费用而产生的费用，因为这些费用会扭曲趋势并不属于核心运营结果[23] - 公司排除了与收购相关的费用，以便更有意义地比较财务结果与历史运营和前瞻性指导以及较少进行收购的同行公司的财务结果[23] - 公司排除了与网络异常检测和MOVEit漏洞相关的一些费用，以便更好地评估运营绩效和与过去运营绩效的比较[24] - 公司预计将继续在未来期间发生与MOVEit漏洞相关的法律和其他专业服务费用[25] - 公司调整了所得税准备金，排除了上述非GAAP调整的税收影响[26] 业务指标 - 公司披露了年度重复收入（ARR）作为业绩指标，以帮助投资者更好地了解和评估公司业务的表现[27] - 公司计算净留存率，通过从12个月前的所有客户群体的ARR开始，然后计算这些相同客户在当前期末的ARR，以得出净留存率[33] - 公司提供了调整后的自由现金流的指导，等于经营活动现金流减去购买的固定资产，再加上重组支付[34]

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. At this time all participan ...

文章核心观点 - 公司本季度营收为1.7508亿美元,同比下降2.3% [1] - 公司本季度每股收益为1.09美元,同比增长2.83% [1] - 公司本季度营收和每股收益均超出分析师预期 [1] 关键指标总结 营收 - 服务收入为1860万美元,超出分析师预期1666万美元 [4] - 维护收入为1.025亿美元,超出分析师预期9891万美元 [5] - 维护和服务收入合计为1.211亿美元,同比下降0.6% [6] - 软件许可收入为5398万美元,同比下降4.3% [7] 其他 - 公司股价在过去一个月内下跌2.6%,低于大盘涨幅2.8% [8] - 公司目前评级为中性(Zacks Rank 3) [8]

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.74%. A quarter ago, it was expected that this business software maker would post earnings of $1.14 per share when it actually produced earnings of $1.25, delivering a surprise of 9.65%.Over the last four quart ...

Exhibit 99.1 P R E S S A N N O U N C E M E N T Progress Announces Second Quarter 2024 Financial Results Second Quarter Revenues and Earnings Per Share Ahead of Guidance Raising Full Year Revenue and Earnings Per Share Outlook BURLINGTON, Mass, June 25, 2024 (GlobeNewswire) — Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced financial results for its fiscal second quarter ended May 31, 2024. Second Quarter 2024 Highlights1: • Revenue and non-GAAP revenue of ...

Second Quarter Revenues and Earnings Per Share Ahead of GuidanceRaising 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. Second Quarter 2024 Highlights1: Revenue and non-GAAP revenue of $175 million decreased 2% year-over-year on both an actual and a constant currency basis.Annualized Recu ...

Company wins multiple awards in first half of 2024 from leading organizations including USA Today, Forbes, Boston Business Journal, MassTLC and more BURLINGTON, Mass., June 24, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it has received numerous accolades from prestigious organizations for its employee satisfaction, executive leadership, inclusive workplace and commitment to corporate social responsibility. Progress operates with a ...

Company wins multiple awards in first half of 2024 from leading organizations including USA Today, Forbes, Boston Business Journal, MassTLC and more BURLINGTON, Mass., June 24, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it has received numerous accolades from prestigious organizations for its employee satisfaction, executive leadership, inclusive workplace and commitment to corporate social responsibility. Progress operates with a ...