Duyuru • Apr 15
Progress Software Corporation Expands AI and Workforce Operations in India with New Bengaluru Innovation Hub Progress Software Corporation announced the relocation and expansion of its Bengaluru office, marking a milestone in the growth of its India Global Capability Center (GCC). The move reflects the increasing strategic importance of India in Progress’ global AI innovation, talent and growth plans and underscores the company’s long-term investment in scaling high-impact engineering, product development, sales, customer success, marketing and operations teams. Located at Embassy Tech Village, one of Bengaluru’s premier technology hubs, the facility is purpose-built to enhance collaboration, accelerate AI-led innovation and support the company’s future expansion within the region’s thriving technology ecosystem. Progress’ India operations have grown steadily in scale and scope, with offices in Bengaluru, Hyderabad and New Delhi driving innovation across AI, data platform, digital experience and infrastructure management. Alongside its product and engineering teams, Progress has built a strong and growing base of customer-facing talent in India that plays a critical role in the company’s global success. Today, nearly 25% of Progress’ India workforce supports global sales, customer support, customer success and marketing functions, serving customers worldwide. All these teams play an essential role in Progress’ mission to power responsible AI-driven experiences and modern digital infrastructure for businesses around the world. The expanded office strengthens Progress’ presence within Bengaluru’s globally recognized technology ecosystem. As part of its commitment to the region, Progress is also partnering with The Bodhi Tree Foundation, an organization creating meaningful social impact by connecting philanthropists, NGOs, social innovators and beneficiaries. This initiative includes a donation of electric wheelchairs to support those in need and reflects Progress’ ongoing contribution to advancing the communities in which it operates. Recent Insider Transactions Derivative • Apr 07
CEO, President & Director exercised options and sold US$271k worth of stock On the 1st of April, Yogesh Gupta exercised options to acquire 11k shares at no cost and sold these for an average price of US$24.96 per share. This trade did not impact their existing holding. For the year to November 2019, Yogesh's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Yogesh's direct individual holding has increased from 230.30k shares to 286.20k. Company insiders have collectively sold US$5.7m more than they bought, via options and on-market transactions in the last 12 months. New Risk • Mar 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Reported Earnings • Mar 31
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: US$0.54 (up from US$0.25 in 1Q 2025). Revenue: US$247.8m (up 4.1% from 1Q 2025). Net income: US$22.8m (up 108% from 1Q 2025). Profit margin: 9.2% (up from 4.6% in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.9%. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Duyuru • Mar 31
Progress Software Announces the Latest Release of Progress Sitefinity Generative Cms Progress Software announced the latest release of Progress Sitefinity Generative CMS. The release enables organizations to operationalize generative AI across websites, portals and digital experiences—supporting AI-powered search, conversational interfaces and personalized content delivery within a governed, enterprise-ready framework. Following its initial release in late 2025, Sitefinity Generative CMS advances with new capabilities that empower enterprises to turn content-intensive digital properties into trusted, AI-powered discovery and conversational experiences while maintaining control, compliance and brand integrity. Sitefinity Generative CMS includes a comprehensive set of AI-native capabilities designed to accelerate delivery while upholding governance, consistency and trust: Hyper-Personalization at Scale: Dynamically Generated Experiences (DGE) enable real-time, AI-driven personalization at scale by combining behavioral journey and contextual signals from the Sitefinity Insight Customer Data Platform—tailoring each interaction to the individual user. DGE assembles content dynamically for each experience, while the new Observability Intent Grid allows teams to visualize and audit how AI-driven decisions are made, eliminating “black-box” experiences and allowing teams to understand and govern outcomes. AI Agents Embedded in the CMS: New AI agents accelerate production and support consistency across the entire digital experience lifecycle. The Brand Agent protects and reinforces the organization’s voice and provides real-time guidance to maintain tone, style and brand standards across all content. The SEO Agent analyzes content and meta information to enhance visibility across both traditional (SEO) and generative search experiences (GEO/AEO). Foundational GEO and AEO Readiness: Sitefinity CMS now enables definition of Schema.org JSON-LD structured data for all pages and content types, making enterprise content immediately discoverable by crawlers, generative search tools and AI engines. This eliminates the need for schema plugins, while enhancing visibility across emerging AI-driven discovery platforms. AI-Powered Search and Conversational Experiences: Integrated Progress Agentic RAG enables AI-driven search, knowledge discovery and conversational experiences across enterprise content within Sitefinity CMS. All AI capabilities, including Dynamically Generated Experiences, AI agents, structured content definition and native RAG integration, are available in Progress Sitefinity Cloud and supported through self-hosted deployments on versions 15.4+. Duyuru • Mar 27
Progress Software Corporation, Annual General Meeting, May 07, 2026 Progress Software Corporation, Annual General Meeting, May 07, 2026. Duyuru • Mar 25
Progress Software Announces Availability of eIDAS-supported Advanced Electronic Signatures and Qualified Electronic Signatures in Progress ShareFile Progress Software announced the availability of eIDAS-supported Advanced Electronic Signatures (AES) and Qualified Electronic Signatures (QES) in Progress ShareFile, its AI-powered document collaboration solution. The new capabilities allow organizations operating in the UK and EU to execute signatures directly within their document collaboration workflows—simplifying compliance and minimizing the need for separate signing tools. Under the EU’s eIDAS regulation, AES and QES represent the highest levels of identity assurance. Of the two, QES—legally equivalent to a handwritten signature—requires identity verification through a Qualified Trust Service Provider. Until now, many organizations have relied on fragmented workflows or standalone signing tools to meet these requirements, introducing compliance risk, operational inefficiency and unnecessary complexity. To address these challenges, ShareFile now enables organizations to meet eIDAS requirements without relying on separate tools or manual workarounds. Customers can verify signer identity through qualified trust services, complete high-assurance signing within a single streamlined workflow and maintain a clear, auditable record from preparation to storage. The new ShareFile eIDAS-supported signing experience includes: Supporting Advanced Electronic Signatures (AES) and Qualified Electronic Signatures (QES); Integrating with Qualified Trust Service Providers (QTSPs) for identity verification; Providing a secure, unified workspace for document preparation, signing and storage; Maintaining comprehensive audit trails for regulatory compliance and governance. Documents can now be prepared, signed and automatically stored back in their original folders—keeping all content within one secure environment and reducing the risk, cost and inefficiency associated with disconnected workflows. This consolidated approach helps regulated industries accelerate client and employee onboarding, streamline agreements and improve operational efficiency while supporting compliance standards. Unlike standalone e-signature tools, ShareFile features integrate AES and QES directly into a secure collaboration and workflow solution. Organizations can manage document collection, approvals, signing and storage in one place—reducing tool sprawl and simplifying how teams work with clients, partners and employees. By keeping sensitive documents and signed records within a secure, centralized system of record, ShareFile provides a stronger foundation for AI-enabled automation. Organizations can streamline document workflows, reduce manual effort and adopt AI-driven capabilities more confidently without compromising control over regulated data. The new AES and QES e-signature capabilities are now available in ShareFile. Duyuru • Mar 16
Progress Software Corporation to Report Q1, 2026 Results on Mar 30, 2026 Progress Software Corporation announced that they will report Q1, 2026 results After-Market on Mar 30, 2026 Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$36.53, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Software industry in the US. Total loss to shareholders of 35% over the past three years. Recent Insider Transactions Derivative • Feb 04
CEO, President & Director exercised options and sold US$1.2m worth of stock On the 1st of February, Yogesh Gupta exercised options to acquire 29k shares at no cost and sold these for an average price of US$40.57 per share. This trade did not impact their existing holding. For the year to November 2019, Yogesh's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Yogesh's direct individual holding has increased from 197.14k shares to 244.00k. Company insiders have collectively sold US$6.3m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jan 21
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$1.70 (up from US$1.58 in FY 2024). Revenue: US$977.8m (up 30% from FY 2024). Net income: US$73.1m (up 6.9% from FY 2024). Profit margin: 7.5% (down from 9.1% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Duyuru • Jan 06
Progress Software Corporation to Report Q4, 2025 Results on Jan 20, 2026 Progress Software Corporation announced that they will report Q4, 2025 results After-Market on Jan 20, 2026 Duyuru • Dec 17
Progress Software Makes Its Debut in Digital Experience Platform Evaluation by Independent Research Firm Progress Software announced its inclusion as one of nine vendors in The Forrester Wave™?: Digital Experience Platforms, Fourth Quarter 20251, marking its debut in this influential analyst report. Progress sees this recognition as a reflection of its growing influence in the digital experience platform (DXP) market and its commitment to delivering secure, scalable, personalized and dynamically generated digital experiences through trusted AI. Progress earned the highest score possible (5.0) in the Search criterion, powered by Progress®? Agentic RAG. This AI-native capability combines retrieval-augmented generation with real-time content assembly, transforming static websites into dynamic, trusted answer engines that assemble hyper-personalized experiences on the fly. By dynamically orchestrating content and context, Agentic RAG ensures every interaction is relevant, verified and tailored to individual user intent. Progress' Digital Experience (DX) portfolio, which includes Progress®? Sitefinity®?, empowers organizations to rapidly build and deliver expansive digital experiences across websites, portals and applications, driving customer acquisition, retention and competitive success. With the integration of Agentic RAG, Progress has evolved its offering into a generative, adaptive digital experience platform that unlocks siloed content, delivers trusted answers and dynamically assembles experiences tailored to user intent across channels. The result: organizations accelerate innovation, reduce complexity and deliver measurable business outcomes through secure, AI-driven personalization at scale. Duyuru • Dec 11
Progress Software Brings Agentic AI to its Latest Telerik and Kendo UI Release Progress Software announced the fourth quarter 2025 release of its leading developer toolsets Progress Telerik and Progress Kendo UI. This release introduces Agentic AI as an active development partner through a Progress Agentic UI Generator along with a powerful set of new AI-driven features--hel helping organizations accelerate time-to-market, cut down development costs and improve application quality. New in this release, the Agentic UI Generator sets the standard for modern agentic software development. Combining the quality and sophistication of Telerik and Kendo tools with the speed of AI code generation, it generates multi-component, fully styled, enterprise-grade page layouts from simple natural language prompts. More than a traditional coding assistant, it operates as a UI agent that delivers robust business functionality powered by Telerik and Kendo UI, right inside the developer's IDE of choice. Available for Progress Telerik UI for Blazor, Progress KendoReact™? and Progress Kendi UI for Angular, the solution is already helping early adopters achieve an approximate 50% time savings as well as greater consistency and higher-quality applications delivering measurable business impact. Additional highlights of the Fourth Quarter 2025 release include: Expanded AI Coding Assistants: Twelve new component-level AI coding assistants across .NET and JavaScript frameworks are now integrated across most UI libraries, reporting and styling tools. They provide deep context and automation to help developers deliver faster than ever, increasing their productivity by at least 30%. AI Embedded Across the Telerik and KendoUI Tools: New AI components, including Inline AI prompt, AI-optimized Chat UI and prompt-driven Data Grid, empower users to interact with apps in natural language-- commanding powerful features, such as dynamic filtering with phrases like "Show me all orders processed last month" or "Highlight anything above the given threshold." .NET 10 and Angular 21 Day-Zero Support: Reaffirming its platform leadership, Progress delivers immediate support for .NET 10 and Angular 21, helping teams upgrade confidently and take advantage of the latest performance and security advancements without delay. " Instead of simply generating code with AI that requires review and revision, with the Agentic UI Generator, developers can now build production-ready interfaces based on best practices from simply a prompt. Duyuru • Nov 14
Progress Software Announces Early Access for Progress Agentic RAG for Sitefinity Progress Software announced early access for Progress Agentic RAG for Sitefinity a breakthrough enterprise-grade capability that combines retrieval-augmented generation (RAG) with real-time content assembly inside the Sitefinity platform. This innovation introduces native, multilingual, agentic RAG-based AI technology to deliver dynamically generated user experiences driven by a site visitor's prompt. With today's news, Progress becomes the first to offer a generative CMS with built-in enterprise-grade RAG capabilities--integrating conversational AI with visually rich web experiences to transform how organizations discover, assemble and deliver hyper-personalized, intelligent content. As AI adoption accelerates, organizations are struggling to unlock valuable knowledge trapped across portals, documents and other systems. At the same time, users expect direct, verified answers, tailored to their current needs--not static pages or lengthy searches. Progress Agentic RAG for sitefinity addresses this shift by delivering dynamic, AI-driven contextual experiences that adapt to individual needs, goals and intent within the digital journey. It unites advanced retrieval and real-time experience assembly to turn static information into brand-governed, hyper-personalized interactions. These capabilities also support generative engine optimization (GEO), helping organizations maximize their content visibility within LLMs. Progress Agentic RAG For Sitefinity delivers a unified, AI-driven system for verified, personalized digital experiences. It retrieves accurate information from approved enterprise content, interprets user intent and dynamically assembles tailored web experiences in real time--complete with source traceability, brand governance and compliance controls. The result is a single solution that replaces static pages and manual rules with intelligent, trustworthy experiences built from an organization's own content. With this solution, Progress enables organizations to turn static content into dynamic, intelligent experiences that align content, context and customer intent to deliver a best-in-class user experience. Duyuru • Oct 15
Progress Software Announces the Launch of Progress® Automate MFT Progress Software announced the launch of Progress® Automate MFT, a new Software-as-a-Service (SaaS) solution that redefines secure file transfer automation for modern enterprises. As more businesses build out their automation and AI strategies, IT teams face mounting pressure to move sensitive data reliably, in greater quantities than ever, while managing aging infrastructure, fragile scripts and strict compliance requirements. manual file transfers and legacy tools often lead to inefficiencies, downtime and security weaknesses--introducing risk and diverting valuable resources from innovation. Automate MFT addresses these challenges head-on with a scalable, cloud-native platform that streamlines automation and minimizes reliance on scripting. By eliminating hidden costs tied to on-premises infrastructure and reducing administrative burden, organizations can achieve up to 50% lower total cost of ownership compared to traditional systems, boost productivity, reduce overhead and reallocate resources to strategic initiatives. Key Features Include: Coordinator-Agent Architecture: Microservices-based topology with lightweight agents deployed across cloud and private networks, managed from a centralized interface--ideal for hybrid and distributed environments. No-Code Automation Builder & Scheduling: Point-and-click interface for building and scheduling workflows, eliminating scripting and accelerating deployment. Shared Credential & Schedule Libraries: Reusable libraries simplify administration, such as rotating passwords across hundreds of endpoints in a single step. Organizational Tools for Task Management: Folders and tags streamline organization and filtering of hundreds or thousands of tasks--no complex naming conventions required. Task Versioning & Milestone Recovery: Automatically saves up to 200 task versions and 100 named milestones for quick restore, enabling flexibility and control. Security & Compliance Oversight: Built on leading cloud infrastructure with an enterprise-grade security framework, Automate MFT supports SOC 2 Type 1 and HIPAA standards through built-in encryption, role-based access controls and multi-factor authentication--helping organizations protect data, monitor activity and verify delivery with confidence. Automate MFT is the newest addition to Progress' file transfer portfolio, reinforcing its commitment to delivering secure and scalable solutions for data movement. Recent Insider Transactions Derivative • Oct 05
CEO, President & Director exercised options and sold US$480k worth of stock On the 1st of October, Yogesh Gupta exercised options to acquire 11k shares at no cost and sold these for an average price of US$44.21 per share. This trade did not impact their existing holding. For the year to November 2018, Yogesh's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Yogesh's direct individual holding has increased from 156.83k shares to 244.00k. Company insiders have collectively sold US$8.6m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Sep 30
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.45 (down from US$0.66 in 3Q 2024). Revenue: US$249.8m (up 40% from 3Q 2024). Net income: US$19.4m (down 32% from 3Q 2024). Profit margin: 7.8% (down from 16% in 3Q 2024). Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Duyuru • Sep 23
Progress Software Delivers AI-Powered Threat Detection and Incident Response for Organizations to Defend Against Evving Cyber Threats Progress Software announced the release of Progress®? Flowmon®? ADS 12.5, its advanced anomaly detection system. This latest version introduces powerful AI-driven capabilities that accelerate threat detection, streamline incident response and provide deeper visibility into network activity--empowering organizations to proactively defend against evolving cyberthreats. Across today's digital landscape, security teams face mounting challenges: ever-increasing network traffic, alert fatigue and increasingly sophisticated attacks. These issues are especially acute for midsize enterprises, where limited resources and IT staff often lead to missed threats and delayed responses. Flowmon ADS 12.5 addresses these challenges head-on, closing the cybersecurity skills gap and reducing mean time to response (MTTR)-- without requiring deep security expertise. Key enhancements in Flowmon ADS 12.5: AI-Powered Threat Briefings: The latest release introduces curated threat intelligence briefings that provide timely insights into emerging vulnerabilities and attack campaigns. These briefings, developed using AI-powered threat analysis and confirmed by security experts, include detailed descriptions, mitigation strategies and Indicators of Compromise (IoCs), all accessible directly within the Flowmon ADS interface. Expert-Level Recommendations: Flowmon ADS now offers contextual, step-by-step response guidance designed to simplify incident handling. These recommendations help IT teams take decisive action--such as isolating devices or adjusting policies--without requiring deep cybersecurity expertise. Enhanced Event Visualization: A new graph-based visualization feature enables analysts to explore host communications during security events. This interactive view allows for deeper investigation into related events, traffic flows and host interactions, streamlining the analysis process. Streamlined Incident Response: Built-in quick links and actionable insights reduce time-to-resolution by providing users through the response process more efficiently. Combined with real-time and retrospective data analysis, these enhancements support faster, more informed decision-making. Duyuru • Sep 19
Progress Software Expands AI Coding Assistants Across Telerik and Kendo UI Libraries Progress Software announced a major expansion of its AI-powered developer capabilities in the third quarter 2025 release of its leading developer toolsets, Progress Telerik and Progress Kendo UI. Following the successful debut of AI Coding Assistants for Progress Telerik UI for Blazor and Progress KendoReact, Progress is extending this technology across all major UI component libraries--supporting ASP.NET Core, WPF, WinForms, .NET MAUI and Angular--and, for the first time, to Telerik Reporting and Progress Document Processing. The Telerik and Kendo UI AI Coding Assistants are deeply integrated into developers' existing integrated development environment (IDE) workflows. They work inside popular AI coding solutions like GitHub Copilot, Claude Code and Cursor, helping deliver highly specialized, context-aware code that understands the intricacies of the Telerik and KendoUI components. This promotes faster delivery without compromising quality. Early adopters have already reported productivity boosts of up to 30% on top of what AI-powered IDEs already provide. As part of its ongoing investment in AI-driven developer experiences, Progress is also introducing new capabilities in Progress ThemeBuilder, its popular visual styling tool, for creating and customizing themes using conversational prompts, saving time otherwise spent manually editing properties and configuring CSS. The AI productivity theme doesn't stop at the developer experience. The Telerik andKendo UI libraries also deliver AI capabilities that developers can embed into applications for their end-users: AI-enhanced Conversational UI (Chat) enables smarter, more natural interactions through streaming responses, text-to-speech, flexible response formats and built-in token tracking; Inline AI Prompt for in- context interactions such as rewriting content, fixing errors and generating alternatives; Updated AI prompt control with a modern look and enhanced functionality; Prompt-based Data Grid actions for sorting, grouping, filtering and row highlighting; AI Assistant column in Data Grids that delivers contextual summaries, explanations and warnings directly fromrow-level data. Duyuru • Sep 15
Progress Software Corporation to Report Q3, 2025 Results on Sep 29, 2025 Progress Software Corporation announced that they will report Q3, 2025 results After-Market on Sep 29, 2025 Duyuru • Sep 12
Progress Software Unveils Breakthrough Saas Rag Platform Designed to Make Trustworthy and Verifiable Generative Ai Accessible Across Organizations of All Sizes Progress Software announced the launch of Progress®? Agentic RAG, a SaaS Retrieval-Augmented Generation (RAG) platform designed to make trustworthy and Verifiable generative AI accessible across organizations and teams of all sizes. This launch marks a major milestone in affordable AI innovation for organizations looking to get the benefits of Large Language Models (LLMs) with results based on real business data. The new platform expands Progress' portfolio of end-to-end data management, retrieval and contextualization solutions that empower businesses to leverage all their data to gain a competitive edge. All businesses contend with overwhelming and exponential growth in unstructured and structured data across different formats and languages. To improve business outcomes and productivity, organizations, teams and individuals seek to extract meaningful insights from an endless array of documents, video, audio and other disparate sources that usually remain siloed or hard to find. Using GenAI without the context of all available business data leads to unreliable answers that aren't useful to organizations. Key Features of Progress Agentic RAG platform: No-Code RAG Pipeline: Agent-powered and streamlined ingestion, indexing and retrieval across multilingual text, audio, video and other formats. Intelligent Search: Enables the delivery of AI search and generative answers on top of unstructured data, providing knowledge in the form of trusted answers, in almost any language, from almost any data. Deploy AI agents seamlessly: The only RAG platform specifically designed to deliver reliable and scalable semantic functionalities to AI agents. Multi-Model Integration: Supports all leading enterprise-ready Large Language Models (LLMs), offering full user control over the choice of LLM. Purpose-built Database for RAG: Underpinned by NucliaDB, which, in addition to storing vectors, has built-in semantic search, keyword search, metadata search, knowledge graph traversal and multi-modal understanding--all needed to produce coherent, trusted, human-grade answers. RAG Evaluation Metrics (REMi): Built-in tools to support traceability and consistent answer quality. Already deployed across industries, Progress Agentic RAG is accelerating sales cycles through AI-driven product recommendations, powering automated customer support through high-quality responses and arming legal teams with precise semantic research. Organizations are further using the platform to preserve institutional knowledge, streamline onboarding and securely query sensitive data--driving faster workflows and smarter decision-making. Progress Agentic RAG platform is available now as a self-service offering on AWS Marketplace, as well as at Progress.com. Pricing starts at $700/month, providing small businesses, departmental teams and individuals the immediate power to transform unstructured data into actionable intelligence at an affordable price. Duyuru • Aug 12
Progress Software Corporation Announces General Availability of MarkLogic Server 12 and Breakthrough Results with Semantic RAG Progress Software Corporation announced at Ai4 2025 the general availability of Progress®? MarkLogic®? Server 12. This latest release introduces advanced semantic search and graph Retrieval-Augmented Generation (RAG) capabilities, empowering organizations to ground generative AI in their own trusted data--delivering more accurate, secure and context-aware results. Unlike other solutions, MarkLogic Server 12 enables scalable, rapid, cost-effective retrieval, on-premises or in the cloud. Key features include native vector search, Virtual Views for ad-hoc analysis, BM25 relevance ranking and advanced semantic algorithms, all designed to maximize retrieval accuracy and efficiency for enterprise generative AI and analytics. Global research institutions and public sector organizations are already leveraging Progress' semantic search and graph RAG capabilities to extract deeper insights from scientific, proprietary and public data. The new capabilities are central to Progress' semantic search and graphRAG approach, with customers participating in Proof-of-Concept reporting an average 33% increase in LLM response accuracy and a significant acceleration in information discovery time for subject matter experts (SMEs). Additional Customer Highlights Progress is democratizing the use of advanced semantic search and RAG capabilities for organizations across industries. Additional use cases for organizations adopting Progress' semantic RAG approach include: A financial services firm improved LLM response accuracy from 70% to 95%, cutting SME research time from hours to minutes. A global pharmaceutical company accelerated policy and architecture document discovery to seconds, increasing correct answers by 73%. A leading agribusiness raised correct answer rates from 50% to 90% with an AI-driven R&D hub. A leading food technology provider achieved 99% accuracy and completeness from their LLM implementation. Progress is showcasing its semantic search and graph RAG approach at Ai4, North America's largest artificial intelligence industry conference, taking place August 11-13, 2025, at the MGM Grand in Las Vegas. Attendees can learn more during AI Strategist Philip Miller's session, "Trusted AI: Unlock Data Value," where he will demonstrate how organizations can unlock their data's full potential through proven RAG methodologies. MarkLogic Server 12 is available now. Recent Insider Transactions Derivative • Jul 30
Insider exercised options and sold US$246k worth of stock On the 28th of July, John Ainsworth exercised 19.23k options at around US$34.73, then sold 16k of the shares acquired at an average of US$50.16 per share and kept the remainder. Since December 2024, John's direct individual holding has increased from 34.87k shares to 44.68k. Company insiders have collectively sold US$9.0m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jul 25
Independent Director recently bought US$251k worth of stock On the 23rd of July, David Krall bought around 5k shares on-market at roughly US$48.90 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$354k more in shares than they have sold in the last 12 months. Recent Insider Transactions Derivative • Jul 09
Executive VP & CFO notifies of intention to sell stock Anthony Folger intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of July. If the sale is conducted around the recent share price of US$51.54, it would amount to US$285k. Since December 2024, Anthony's direct individual holding has increased from 33.77k shares to 48.59k. Company insiders have collectively sold US$9.3m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$51.54, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 2x in the Software industry in the US. Total returns to shareholders of 19% over the past three years. New Risk • Jul 03
New major risk - Revenue and earnings growth Earnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 0.5% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.6% net profit margin). New Risk • Jul 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.6% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.6% net profit margin). Reported Earnings • Jul 01
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: US$0.40 (up from US$0.38 in 2Q 2024). Revenue: US$237.4m (up 36% from 2Q 2024). Net income: US$17.0m (up 5.2% from 2Q 2024). Profit margin: 7.2% (down from 9.2% in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 40%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Duyuru • Jul 01
Progress Software Corporation (NasdaqGS:PRGS) acquired Besutech XXI, S.L. Progress Software Corporation (NasdaqGS:PRGS) acquired Besutech XXI, S.L. on June 30, 2025. The acquisition was signed and closed today and is immaterial to Progress' financials.
Progress Software Corporation (NasdaqGS:PRGS) completed the acquisition of Besutech XXI, S.L. on June 30, 2025. Duyuru • Jun 25
Progress Software Announces Latest Release of Progress®? Semaphore™? Progress Software announced the latest release of Progress®? Semaphore™?, its metadata management and semantic AI platform. This release delivers powerful new features and enhancements designed to maximize user productivity and efficiency, foster semantic interoperability and accelerate time to insights in today's data-driven and AI-powered business landscape. Today's businesses face the challenge of comprehending vast amounts of structured, semi-structured and unstructured data from various sources to drive trusted intelligence and enhance customer experiences. This proliferation of enterprise information often results in data silos and fragmented processes, which hinder productivity and withhold the essential context needed to generate actionable intelligence. With this Semaphore release, users benefit from an intuitive modeling environment that leverages a broader range of reference models and vocabularies, enabling a deeper understanding of their enterprise information. Expanded AI Model Builder Connectors: The AI Model Builder is an AI-powered tool that simplifies the knowledge modeling experience. With this release, users can now seamlessly connect the AI Model Builder to an extended range of Large Language Model (LLM) providers to build and enrich semantic models effortlessly. Users can also create or refine custom prompts to achieve better generative AI results. Intuitive Constraint Definitions: Designed to enhance productivity, users can define, implement and manage data quality standards for their knowledge models without writing custom code. With complete visual support for the creation and management of simple model constraints, businesses can remain compliant with downstream systems and drive intelligent insights without requiring any technical Shapes Constraint Language (SHACL) knowledge. Full Support for Simple Knowledge Organization System (SKOS) Mapping Relationships: With access to a complete range of SKOS functionality through the Semaphore UI, users can map existing concepts to external reference models with mapping relationships to create a central resource across downstream systems. Structural-Level Classification Settings: Aimed to bolster efficiency, users can now update classification settings at scale across each label type for improved classification results. Concept Reuse: To achieve better business outcomes, the Concept Reuse feature enables more agile editing of local models, permitting users to copy branches from one model to another. The Semaphore semantic AI platform enables users to manage knowledge models and automatically extract and classify both structured and unstructured data to generate rich semantic metadata. It simplifies information and helps organizations use data effectively to make quicker decisions. Recently, Semaphore platform was named the Leader and a Gold Medalist in Info-Tech Research Group's 2024 Metadata Management Data Quadrant, based on user feedback on SoftwareReviews, the global research and advisory firm's software insights platform. Duyuru • Jun 18
Progress Software Corporation to Report Q2, 2025 Results on Jun 30, 2025 Progress Software Corporation announced that they will report Q2, 2025 results After-Market on Jun 30, 2025 Duyuru • Jun 05
Progress Software Unveils Powerful New ShareFile Features for Accountants to Automate Administrative Tasks and Deliver a Great Client Experience Progress Software announced significant new enhancements to Progress®? ShareFile®?, its SaaS-native document-based collaboration and client workflow product. Designed for accounting professionals, these enhancements cut friction, elevate client interactions and give firms a competitive edge. With staffing shortages and client expectations on the rise, many accounting firms are struggling to keep pace, especially when administrative burdens reduce time for strategic advisory services. The latest ShareFile product enhancements directly address these pressures by providing AI-powered document insights, centralizing client interactions, automating repetitive tasks and simplifying workflows. With these new AI-powered capabilities, accounting firms can cut up to 4.25 hours off each tax engagement and extract key insights from financial documents up to 96% faster--enabling them to serve more clients, more effectively, without increasing headcount. Whether managing a single client or an entire organization, firms gain quick access to the details they need to move work forward. Accelerated time to insights: Firms can bypass manual reviews of financial documents and focus on higher-level, revenue-driving work. The AI document assistant transforms lengthy documents into clear, actionable insights with just one click or question. Key details are extracted instantly, reducing time spent on document review and enhancing decision-making. Unified client interactions: Accounting firms can manage client tax engagements from start to finish within the ShareFile product. The upgraded income tax return solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding, making it easy to initiate service for numerous clients at once. Improved client response time: Available for both iOS and Android, the new ShareFile for Clients mobile app (beta) gives clients an easy, secure way to stay engaged on the go. Clients can view and complete tasks, upload and scan documents and track service status--all from their mobile devices. This helps improve responsiveness and keep engagements on schedule. Unlike fragmented tools that only solve part of the problem, ShareFile brings together client touchpoints in a single product. With built-in AI-powered workflows, firms can analyze financial documents faster, reduce client turnaround times and eliminate manual follow-ups--freeing staff to focus on high-value, advisory work. Progress will showcase the latest ShareFile product innovations at AICPA ENGAGE 2025, June 9-12, 2025, in Las Vegas. Attendees can experience hands-on demos and learn how thousands of accounting professionals are transforming their firms with the ShareFile product. Duyuru • Jun 04
Progress Software Sets New Standard for Developer Productivity with Groundbreaking Ai Coding Assistants in Latest Telerik and Kendo Ui Release Progress Software announced the second quarter 2025 release of Progress®? Telerik®? and Progress®? Kendo UI®?, the most powerful .NET and JavaScript UI libraries for modern application development. This release introduces a number of AI capabilities that significantly accelerate development workflows, including AI Coding Assistants for Blazor and React, AI-driven theme generation and GenAI-powered reporting insights. Highlights of the Telerik and Kendo UI Second Quarter 2025 release: AI Coding Assistants forBlazor and React: Empowers developers to automatically generate production-ready code in the Progress Telerik UI for Blazor and React libraries directly inside all popular AI-powered IDEs, minimizing manual edits and significantly shortening development cycles. AI Theme Generation in Progress ThemeBuilder: Developers can leverage natural language prompts to create custom styles for Telerik and KendoUI components, with real-time previews that streamline design-to-production workflows and uphold consistent branding. GenAI-Powered Reporting Insights: Integrated directly into Progress Telerik Reporting, these intelligent sophisticated and contextual insights eliminate the need for external tools, enabling faster, more informed decisions. Additional AI-driven enhancements include a GenAI-powered Telerik PDF Processing library for instant document insights, AI prompt options in the Editor control and new AI building blocks and page templates to speed up UI development. Beyond AI, the second quarter 2025 release includes performance-optimized Data Grids for faster, more responsive data handling, enhanced design system tooling and expanded styling capabilities as well as new UI components with adaptive features designed to provide seamless experiences across all screen sizes and devices. Recent Insider Transactions Derivative • May 11
Executive VP & GM of Digital Experience notifies of intention to sell stock Loren Jarrett intends to sell 34k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of May. If the sale is conducted around the recent share price of US$61.76, it would amount to US$2.1m. Since September 2024, Loren has owned 13.41k shares directly. Company insiders have collectively sold US$8.6m more than they bought, via options and on-market transactions in the last 12 months. Duyuru • Apr 10
Progress Software Corporation Announces Latest AI Innovative AI Innovations in Progress Sitefinity Content Management Platform Progress announced the latest AI innovations in Sitefinity content management platform. These enhancements empower marketers to create, manage and optimize content more efficiently, delivering faster, easily personalized digital experiences across multiple touchpoints. With new AI-powered media search, advanced translation capabilities and intelligent content optimization, Sitefinity helps organizations streamline workflows, improve accuracy and enhance engagement--meeting the growing demands of an AI-driven marketplace. Sitefinity 15.3 highlights include: Packaged AI Services: Embedded AI, enabling users to leverage customizable GenAI-powered functions to analyze content, improve writing, personalize messages and generate tag suggestions, all within the familiar Sitefinity environment. AI- Enhanced Media Search: Search for images using natural language descriptions, enabling faster, more intuitive access to the right visuals. Azure AI Translator Integration: Seamlessly integrated AI-powered translation within Sitefinity, promoting greater accuracy and efficiency without relying on manual workflows or external tools. AI-Based Content Optimization: In-line AI-driven text enhancements with customizable options for faster, reliable and more effective content refinement. Enhanced integration with BI systems in Sitefinity Insight CDP: Users can export a full set of marketing data in the Parquet format to external BI tools or data lakes for sophisticated analysis and application of custom AI models. Recent Insider Transactions Derivative • Apr 04
CEO, President & Director exercised options and sold US$552k worth of stock On the 1st of April, Yogesh Gupta exercised options to acquire 10k shares at no cost and sold these for an average price of US$56.16 per share. This trade did not impact their existing holding. For the year to November 2018, Yogesh's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Yogesh's direct individual holding has increased from 156.83k shares to 197.14k. Company insiders have collectively sold US$8.4m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 01
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.25 (down from US$0.52 in 1Q 2024). Revenue: US$238.0m (up 29% from 1Q 2024). Net income: US$10.9m (down 52% from 1Q 2024). Profit margin: 4.6% (down from 12% in 1Q 2024). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Mar 27
Progress Software Corporation, Annual General Meeting, May 08, 2025 Progress Software Corporation, Annual General Meeting, May 08, 2025. Duyuru • Mar 17
Progress Software Corporation to Report Q1, 2025 Results on Mar 31, 2025 Progress Software Corporation announced that they will report Q1, 2025 results After-Market on Mar 31, 2025 Duyuru • Mar 04
Progress Unveils Fully Managed Web Application Firewall for MOVEit Cloud to Bolster File Transfer Security and Support PCI 4.0 Compliance Progress announced the addition of Web Application Firewall (WAF) functionality to Progress®? MOVEit®? Cloud managed file transfer (MFT) solution. This new feature strengthens security for sensitive data by blocking malicious web traffic before it can infiltrate systems, empowering organizations to meet Payment Card Industry Data Security Standard (PCI DSS) 4.0 requirements and harden the security of their file transfers. With PCI DSS 4.0 mandating that organizations deploy a WAF in front of public-facing applications by March 31, 2025, the new WAF functionality in MOVEit Cloud WAF delivers a critical layer of protection for businesses managing sensitive data and mission-critical file transfers. Key Features and Benefits of WAF Functionality in the MOVEit Cloud Solution: Enhanced Security and Defense: The WAF functionality inMOVEit Cloud WAF functionality automatically monitors and filters HTTPS traffic, mitigating risks from injection attacks, unauthorized file access and other malicious activities. It is built using OWASP-based industry standards to help protect against the OWASP Top 10 threats and is supported by Progress' ISO 27001 and SOC 2 certifications, upholding security practices. Compliance with Latest Standards: MOVEit Cloud is continuously updated to align with the most recent compliance standards for a proactive response to regulatory changes. With this release, MOVEit Cloud software is certified to meet PCI DSS 4.0 in addition to HIPAA, HITECH and HIPAA Omnibus standards. Streamlined Administration: MOVEit Cloud customers save valuable hours with Progress experts managing all WAF updates, testing and scaling to meet organizational needs. Its multi-node scaling supports rapid deployment and effortlessly manages spikes in demand. Additionally, MOVEit Cloud provides 24/7 monitoring, active alerts and support from Progress security specialists. Duyuru • Feb 28
Progress Software Corporation Appoints Ed Keisling to the Role of Chief Ai Officer Progress Software Corporation announced the appointment of Ed Keisling as the Company’s Chief AI Officer (CAIO). In this newly created role, Keisling will be responsible for leading the AI strategy for Progress and for further transforming the Company’s product portfolio to support customers with their AI journeys. He will report directly to Progress CEO Yogesh Gupta. Progress remains at the forefront of AI innovation, delivering responsible AI-powered digital experience and infrastructure software to hundreds of thousands of customers worldwide. Previously, Keisling served as Senior Vice President of Engineering for Infrastructure Management at Progress where he played a pivotal role in driving innovation and enhancing operational efficiency. Prior to Progress, he held various executive positions in the technology sector specializing in complex system architectures, cloud computing and large-scale infrastructure management. Keisling was a member of the executive leadership team at Vecna Technologies where he ran Engineering, IT, DevOps, Support, Program Management and Analytics. He also held senior engineering roles at Pegasystems for over 17 years. Keisling continues to give his time to engineering development programs including the UNH Pathways Program and the MIT Undergraduate Practice Opportunities Program (UPOP), where he serves as a mentor and presenter. Recent Insider Transactions Derivative • Feb 04
Executive VP & CFO notifies of intention to sell stock Anthony Folger intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of February. If the sale is conducted around the recent share price of US$57.33, it would amount to US$860k. Since March 2024, Anthony's direct individual holding has decreased from 37.05k shares to 33.77k. Company insiders have collectively sold US$4.0m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Jan 28
Consensus EPS estimates fall by 47%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$943.2m to US$964.3m. EPS estimate fell from US$2.23 to US$1.19 per share. Net income forecast to shrink 21% next year vs 20% growth forecast for Software industry in the US . Consensus price target broadly unchanged at US$74.00. Share price fell 12% to US$55.96 over the past week. Duyuru • Jan 23
Progress Announces Launch of Progress® Data Cloud Progress announced the launch of Progress® Data Cloud?, a managed Data Platform as a Service designed to simplify enterprise data and artificial intelligence (AI) operations in the cloud. With Progress Data Cloud, customers can accelerate their digital transformation and AI initiatives while reducing operational complexity and IT overhead. As global businesses scale their data operations and embrace AI, a robust cloud data strategy has become the cornerstone of success, enabling organizations to harness the full potential of their data for innovation and growth. Progress Data Cloud meets this critical need by providing a unified, secure and scalable platform to build, manage and deploy data architectures and AI projects without the burden of managing IT infrastructure. Progress Data Cloud is a Data Platform as a service that enables managed hosting of feature-complete instances of Progress® Semaphore™ and Progress® MarkLogic®, with plans to support additional Progress products in the future. Core benefits include: Simplified Operations: Eliminates infrastructure complexity with always-on infrastructure management, monitoring service, continuous security scanning and automated product upgrades. Cost Efficiency: Reduces IT costs and bottlenecks with predictable pricing, resource usage transparency and no egress fees. Enhanced Security: Helps harden security posture with an enterprise-grade security model that is SOC 2 Type 1 compliant. Scalability and Performance: Offers superior availability and reliability, supporting mission-critical business operations, GenAI demands and large-scale analytics. Streamlined User Management: Self-service access controls and tenancy management provide better visibility and customization. Reported Earnings • Jan 22
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$1.58 (down from US$1.62 in FY 2023). Revenue: US$753.4m (up 8.5% from FY 2023). Net income: US$68.4m (down 2.5% from FY 2023). Profit margin: 9.1% (down from 10% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Duyuru • Jan 22
Progress Software Corporation Provides Earnings Guidance for the First Quarter Ending February 28, 2025 and Year Ending November 30, 2025 Progress Software Corporation provided earnings guidance for the first quarter ending February 28, 2025 and year ending November 30, 2025. For the first quarter, the company's revenue to be $232 million - $238 million. Diluted loss per share to be $0.01 - Diluted earnings per share to be $0.05.
For the year, the company's revenue to be $958 million - $970 million. Diluted earnings per share to be $1.08 - $1.23. Duyuru • Jan 07
Progress Software Corporation to Report Q4, 2024 Results on Jan 21, 2025 Progress Software Corporation announced that they will report Q4, 2024 results After-Market on Jan 21, 2025 Duyuru • Nov 26
Progress Unveils Fourth Quarter 2024 Release for Telerik and Kendo UI, Breaking New Ground in Design-to-Code Processes and Adding Support for .NET 9 and Angular 19 Progress announced the fourth quarter 2024 release of its award-winning Progress Telerik and Progress Kendo UI component libraries. The release includes comprehensive updates to enhance the design-to-code handoff process, improve integration with the latest .NET and JavaScript frameworks and enable easier creation of data visualizations and reports. This milestone reflects the commitment by Progress to deliver the most comprehensive toolset for modern-looking user experiences--from professionally designed building blocks and customization tools to rich components' functionality with support for the newest frameworks. Streamlining the Design-to-Code Workflow: The highlight of the Fourth Quarter release is its focus on design operations. Over 70 new Page Templates and Building Blocks, preconfigured with Progress Telerik UI for Blazor, Progress KendoReact components, have been introduced to expedite application design and development. These assets cater to developers with or without dedicated design support and can be easily incorporated into existing design systems as reusable assets. Additionally, Progress ThemeBuilder now supports a broader range of styling options. Before, users could only style Telerik and Kendo UI components. Now designers and developers can leverage this tool to style any HTML elements and convert any Figma components into HTML, streamlining UI customization and minimizing CSS work. This release offers day-zero compatibility with .NET 9 and Angular 19, showcasing the dedication from Progress to adopting the latest advancements in development frameworks. With added support for Angular hybrid standalone components and KendoReact components integration with Astro, developers can expect a seamless experience when building modern UIs. The Fourth Quarter 2024 update introduces new data visualization and reporting features to satisfy complex application requirements: DataGrid-Chart Integration: A new feature in Kendo UI enables application users to quickly generate various chart types directly from Grid selections and other data-bound components, enhancing data visualization and speeding up decision-making. Modern and Accessible Reporting Capabilities: Enhancements include right-to-left (RTL) text support in Skia-based rendering, simplified web service integration, initial report preview and event handlers in Progress Telerik Reporting components, enabling developers to deliver a more accessible and efficient reporting experience. More Enhancements to the Enterprise Development Experience: With each release, Telerik and KendoUI libraries add many new features and components aimed at making the business app development experience as productive as ever. This release is highlighted by data grid enhancements, new components that keep Telerik UI for Bl Razor and Telerik UI for MAUI libraries on the leading and much more. The Fourth Quarter 2024 Developer Tools release is available. Duyuru • Nov 21
Progress Unveils Native Next.js Support in Sitefinity, Offering Maximum Flexibility to Create and Scale Digital Experiences Progress 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 organizations to leverage one of the fastest growing frontend frameworks for developers to create modern, digital experiences. By offering customers a choice between the two leading frontend frameworks--Next.js and ASP.NET Core--Sitefinity empowers Microsoft and JavaScript developers to select the best technology for their specific project requirements and expertise. With feature parity in widget selection and design, templating and visual page composition provided by the patented technology-agnostic editor of Sitefinity, business users can enjoy a seamless content management experience due to the hybrid headless architecture. Racing and Wagering Western Australia consolidated 12 websites into a single, modern digital platform using Sitefinity with Next.js as the frontend. Additional Sitefinity 15.2 highlights include: Gen AI-Powered Low-Code Workflows: Add custom Gen AI-powered functions to content editor UIs via low-code workflows with Sitefinity Integration Hub and Azure OpenAI services. This enables editors to easily utilize external AI services to optimize their content. Customizable Business User UI: Customize business user UIs using micro-apps in Sitefinity SaaS to tailor the platform for organization-specific processes without compromising continuous upgradeability. Sitefinity is a cloud-based, AI-powered, enterprise-grade CMS that provides intuitive content management, experience composition, personalization and extensive system integration options to enable multichannel content delivery. With the addition of Next.js support, Sitefinity SaaS is the industry's first SaaS CMS to feature integrated multi-technology frontend hosting for flexible development in addition to supporting upgradeability and backend customizations. Organizations can now build digital experiences on a CMS that supports future growth without compromising on business requirements. As the cornerstone of the Progress Digital Experience (DX) portfolio, Sitefinity serves mid-market and enterprise organizations with the right digital experience tools set to drive efficiency and rapid time to value in their digital initiatives. Recent Insider Transactions Derivative • Nov 04
Chief Accounting Officer notifies of intention to sell stock Domenic Lococo intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of November. If the sale is conducted around the recent share price of US$64.02, it would amount to US$390k. Since December 2023, Domenic's direct individual holding has increased from 2.80k shares to 5.31k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months. Duyuru • Oct 28
Progress Appoints Amanda Arria as Chief People Officer Progress 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 aspects of Progress’ global People Team function. She joins the Progress executive team, reporting directly to CEO Yogesh Gupta. In her new role, Arria will lead the ongoing evolution of the company’s organization and culture to drive the successful execution of this strategy. She will align the People Team function to meet business objectives, sustain a committed and engaged workforce across the global organization of more than 2,500 employees and strengthen the company’s overall organizational effectiveness. Prior to Progress, Arria was Chief Human Resources Officer at EFI, a leader in digital imaging, where she led all aspects of the Human Resources function across both the EFI and Fiery businesses. Previously, she held global human resources leadership roles at Schneider Electric and EMC (acquired by Dell Technology). She is also well versed in M&A, having led the people and cultural integration efforts for numerous acquisitions throughout her career. Arria also founded Women in Energy, a global group of more than 5,000 women focused on connecting, networking and growing in the technology and energy industries. Recent Insider Transactions Derivative • Oct 18
CEO, President & Director exercised options and sold US$972k worth of stock On the 15th of October, Yogesh Gupta exercised 69.20k options at around US$50.69, then sold 61k of the shares acquired at an average of US$66.72 per share and kept the remainder. For the year to November 2017, Yogesh's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Yogesh's direct individual holding has decreased from 186.56k shares to 148.25k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Oct 01
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$730.0m to US$747.2m. EPS estimate fell from US$2.03 to US$1.77 per share. Net income forecast to grow 21% next year vs 15% growth forecast for Software industry in the US. Consensus price target up from US$64.33 to US$70.00. Share price rose 15% to US$65.80 over the past week. Price Target Changed • Sep 27
Price target increased by 8.8% to US$70.00 Up from US$64.33, the current price target is an average from 6 analysts. New target price is 5.6% above last closing price of US$66.30. Stock is up 26% over the past year. The company is forecast to post earnings per share of US$1.77 for next year compared to US$1.62 last year. Reported Earnings • Sep 25
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$0.66 (up from US$0.44 in 3Q 2023). Revenue: US$178.7m (up 2.1% from 3Q 2023). Net income: US$28.5m (up 49% from 3Q 2023). Profit margin: 16% (up from 11% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Duyuru • Sep 11
Progress Software Corporation Reiterates Earnings Guidance for the Third Quarter of 2024 Progress Software Corporation reiterated earnings guidance for the third quarter of 2024. For the third quarter, the company reiterates guidance for revenue and earnings per share for third quarter. Duyuru • Sep 10
Progress Software Corporation to Report Q3, 2024 Results on Sep 24, 2024 Progress Software Corporation announced that they will report Q3, 2024 results After-Market on Sep 24, 2024 Duyuru • Sep 09
Progress Software Corporation (NasdaqGS:PRGS) agreed to acquire novel labs, Inc. from Citrix Systems, Inc. for approximately $880 million. Progress Software Corporation (NasdaqGS:PRGS) agreed to acquire novel labs, Inc. from Citrix Systems, Inc. for approximately $880 million on September 9, 2024. A cash consideration will be paid by Progress Software Corporation. As part of consideration, an undisclosed value is paid towards common equity of novel labs, Inc. The transaction is subject to obtaining regulatory approvals and satisfaction of other customary closing and Hart-Scott Rodino Antitrust. The expected completion within Progress’ fiscal year, ending November 30, 2024. Jon Venick of DLA Piper LLP acted as legal advisor for Progress Software Corporation. Jefferies LLC acted as financial advisor for Cloud Software Group. Stuart E. Casillas, P.C, Ari Levi and Philip Castagnozzi Bush of Kirkland & Ellis LLP acted as legal advisor for Cloud Software Group. Citigroup Inc. acted as financial advisor for Progress Software Corporation. Barclays PLC acted as financial advisor for Cloud Software Group. Duyuru • Aug 27
Progress Announces Latest Release of Semaphore, Its Metadata Management and Semantic AI Platform Progress announced the latest release of Semaphore, its metadata management and semantic AI platform. Building on existing knowledge management capabilities, the Semaphore 5.10 platform release introduces intuitive AI-assisted knowledge modeling, extended mapping capabilities and classification filtering to enhance user productivity and simplify the knowledge management experience. In today's data-driven landscape, businesses recognize that knowledge is their most valuable asset. With digital content skyrocketing to an estimated 150 zettabytes, organizations grapple with complex, unstructured data. Unfortunately, much of this valuable information remains siloed and inaccessible, hindering productivity. Semaphore 5.10 addresses this challenge by introducing advanced modeling and classification capabilities, empowering users to navigate the ever-evolving field of knowledge management. Streamlined processes also enable businesses to achieve unprecedented efficiency and agility, driving success across diverse initiatives. What is new in Semaphore 5.10: AI Model Builder: Built to prioritize user productivity, the AI Model Builder is an AI-powered tool that simplifies the knowledge modeling experience. Powered by large language models (LLMs), the AI Model Builder accelerates the creation and enrichment of semantic knowledge models. Users can now create better semantic models more efficiently by starting with a seed concept and enhancing existing models with specific concepts or alternative labels. This feature empowers business experts to delve deeper into data, streamlining decision-making processes. Filtering of Classification Results by Publish Set: For improved collaboration, Semaphore 5.10 allows the same Classification Server instance to be shared across different project groups. This enables more efficient filtering and viewing of classification results from team projects. Different models with varying data sets can coexist within the same Classification Server instance, displaying results based on user-specified criteria. Mapping Relations Within the Current Model: Effective decision-making depends on reliable information and quality data. By creating mapping relations within current knowledge models, Semaphore 5. 10 enables the capture of similarities between models and the formation of mapping relationships. Users gain insights into how the different pieces fit together and facilitate knowledge sharing across the organization. Easy Import and Export of Shapes Constraint Language (SHACL): Using SHACL enhances data quality and consistency by defining rules and validations for data models. Semaphore 5. 10 introduces a user-friendly interface for importing and exporting SHACL. This feature streamlines processes, reduces time to value and makes custom SHACL easier to use. The Semaphore semantic AI platform enables users to manage knowledge models and automatically extract and classify both structured and unstructured data to generate rich semantic metadata. It removes layers of information complexity and helps organizations use enterprise data not just for knowledge but with the power of knowledge to act faster. Most recently, Semaphore was recognized as the leader in the 2024 Metadata Management Data Quadrant from SoftwareReviews, a division of IT research and consulting firm Info-Tech Research Group, and was named a Champion in SoftwareReviews' 2024 Metadata Management Emotional Footprint Awards, achieving the highest score of all ranked metadata management offerings. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (0.7%). Duyuru • Aug 01
Progress Software Corporation Announces the Launch of Progress® Chef® Courier Progress Software Corporation announced the launch of Progress®? Chef®? Courier™?--an innovative product designed to streamline, automate and optimize job orchestration across the entire enterprise software infrastructure. Delivered on the new cloud-native platform, Progress®? Chef 360™?, Chef Courier adds to the extensive Progress Infrastructure Management portfolio, making the management of complex workflows easier than ever. Chef Courier brings advancements in efficiency, speed and trust, extending the overall value of DevSecOps. It bridges the gap between application development and security while retaining the flexibility needed for complex, heterogeneous software infrastructure environments. With the new Chef Courier offering, IT professionals can now harness orchestration capabilities that help to streamline and speed up infrastructure management. They can create customized node lists to run, schedule or create conditions for systematic job orchestration, reducing the time needed to identify and troubleshoot issues at scale. The consolidation of tools also helps reduce skillset requirements and ongoing costs of hiring and retaining talent resources. The vendor-agnostic approach of Chef Courier extends investment across different technologies and removes the iterative and error-prone manual approach to managing change. Continued support for the open-source community and transparent licensing terms provide an alternative to ongoing changes introduced by competitive offerings. In addition, the availability of SaaS and marketplace options minimizes the need to manage tasks such as regular upgrades and incident response and resolution in the Chef environment. Duyuru • Jul 24
Progress Software Corporation Introduces MarkLogic FastTrack, Helping Organizations Harness the Power of Connected Data Progress Software Corporation announced the availability of Progress®? MarkLogic®? FastTrack™?, a UI toolkit for building data- and search-driven applications to visually explore complex connected data stored in Progress®? MarkLogic™? platform. Applications built with MarkLogic FastTrack UI toolkit help data users, analysts and decision-makers uncover unique insights and relationships through interactive, user-friendly and visually rich interfaces. While organizations add more diverse data types to provide context for business analytics, they struggle to gain deep insights as most business intelligence tools can visualize one aspect of data at a time, giving only a partial representation of what's going on. Data and analytics leaders must bridge the gap between the analytics of July 23, 2024 and the context-enriched analysis their industry demands. With today's release of MarkLogic FastTrack, Progress enables IT and data experts to better collaborate on providing workers and decision-makers across the organization with easy, visual access to the enterprise data they need to inform strategic business initiatives and answer sophisticated questions other analytics tools can't, significantly shortening the time to insight. In addition, organizations can accelerate business insights and add depth to their AI-driven applications and systems by enhancing their ability to automate data analysis and interpretation, ultimately shortening their data-to-insight lifecycle. MarkLogic FastTrack, a React UI toolkit leveraging Progress®? KendoReact™? UI library, includes customizable components and multi-model data visualization techniques for building search-to-visualization applications. The ready-to-use components enable development teams to assemble the functionality mix they need to develop end-user applications up to 90% faster than starting from scratch. The native integration with MarkLogic Server significantly simplifies app development and data access with no ETL or API design required. Built-in synchronization of the data components allows developer teams to easily build interfaces that present relationships between geospatial, temporal and graph data in a single UI. In addition to significant developer benefits, MarkLogic FastTrack helps data citizens and decision-makers more easily search, explore and analyze various dimensions of an enterprise's proprietary information (private, public, OSINT and more) in an interactive, visually cohesive interface. They can combine and cluster data exploration techniques to navigate and understand large amounts of complex data and gain deep insights into underlying patterns and relationships for better decision making. MarkLogic FastTrack extends the MarkLogic platform proposition to provide agile, end-to-end data management by adding visual data exploration and advanced analytics and UI development capabilities, so customers have the tools to build high-end applications and connected user experiences. Included in MarkLogic FastTrack: Customizable UI Components: High-performance and feature-rich React UI components to better meet business requirements with out-of-the-box functionality. Custom Search Facets and Dynamic Filters: Enable end-users to easily navigate and explore large data in detail. Visualization Techniques for Any Data: Geospatial map, timeline, network graph, charts and text components so users can discover various dimensions of their data to accelerate informed decision making. Data Access Layer: Simplifies app development and data access through pre-built integration with MarkLogic Server, with no ETL or API Design required. Full-Text Search: Powered by the MarkLogic native search capabilities, delivers instant, relevant results sourced across all data stored in the MarkLogic database. Sample Apps: Easy-to-follow blueprint for quickly developing common scenarios. MarkLogic FastTrack UI tools available on July 23, 2024. 
