Progress Software/$PRGS

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About Progress Software

Progress Software Corporation provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include United States, Canada, EMEA, Latin America, and Asia Pacific.

Ticker

$PRGS
Primary listing

Industry

Software

Employees

2,815

ISIN

US7433121008

PRGS Metrics

BasicAdvanced
$2.2B
39.63
$1.30
0.67
$0.18
1.36%

What the Analysts think about PRGS

Analyst ratings (Buy, Hold, Sell) for Progress Software stock.

Bulls say / Bears say

Progress Software's acquisition of ShareFile for $875 million is expected to add over $240 million in annual revenue and more than 86,000 customers, significantly expanding its market presence. (finance.yahoo.com)
The introduction of AI Coding Assistants in the latest Telerik and Kendo UI release enhances developer productivity, positioning Progress Software as a leader in AI-driven development tools. (stocktitan.net)
Progress Software reported a 46% year-over-year increase in Annualized Recurring Revenue, reaching $842 million, indicating strong growth in its subscription-based revenue streams. (globenewswire.com)
The suspension of quarterly dividends following the ShareFile acquisition may concern income-focused investors seeking regular returns. (finance.yahoo.com)
Despite revenue growth, Progress Software's net income decreased by 52% in the first quarter of 2025 compared to the same period in 2024, raising concerns about profitability. (progresssoftwarecorporation.gcs-web.com)
The company's operating expenses increased by 36% year-over-year in Q1 2025, potentially impacting future profit margins if not managed effectively. (progresssoftwarecorporation.gcs-web.com)
Data summarised monthly by Lightyear AI. Last updated on 11 Jul 2025.

PRGS Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

PRGS Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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