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Progress Software Corp  (PRGS)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $52.5800 $-0.36 -0.680%
Day's High: $52.875 Week Perf: -2.27 %
Day's Low: $ 52.33 30 Day Perf: -5.19 %
Volume (M): 643 52 Wk High: $ 62.34
Volume (M$): $ 33,788 52 Wk Avg: $56.02
Open: $52.35 52 Wk Low: $49.02



 Market Capitalization (Millions $) 2,351
 Shares Outstanding (Millions) 45
 Employees 1,470
 Revenues (TTM) (Millions $) 700
 Net Income (TTM) (Millions $) 72
 Cash Flow (TTM) (Millions $) -129
 Capital Exp. (TTM) (Millions $) 6

Progress Software Corp

Progress offers the leading platform for developing and deploying mission-critical business applications. Progress empowers enterprises and independent software vendors (ISVs) to build and deliver cognitive-first applications that harness big data to derive business insights and competitive advantage. Progress offers leading technologies for easily building powerful user interfaces across any type of device, a reliable, scalable and secure backend platform to deploy modern applications, leading data connectivity to all sources, and award-winning predictive analytics that brings the power of machine learning to any organization.

Our products are generally sold as perpetual licenses, but certain products also use term licensing models and our cloud-based offerings use a subscription based model. More than half of our worldwide license revenue is realized through relationships with indirect channel partners, principally application partners and original equipment manufacturers (OEMs). Application partners are ISVs that develop and market applications using our technology and resell our products in conjunction with sales of their own products that incorporate our technology. OEMs are companies that embed our products into their own software products or devices.

We operate in North America and Latin America (the Americas); Europe, the Middle East and Africa (EMEA); and the Asia Pacific region, through local subsidiaries as well as independent distributors.

New Product Strategy. As part of the new strategic plan, we undertook a new product strategy to provide the platform and tools enterprises need to build next generation applications that drive their businesses, known as “Cognitive Applications.” We offer this platform to both new customers and partners as well as our existing OpenEdge partner and customer ecosystems. Our platform for Cognitive Applications makes it easy for developers to build machine learning into their applications, and includes:


Our leading UI development tools, which enable organizations to easily build engaging user interfaces for any device or front end;

Our NativeScript offering, which allows developers to use JavaScript to build native applications across multiple mobile platforms;

A mission-critical back-end-as-a-service platform that runs on any cloud, is secure, high-performing, and highly-scalable while supporting all modern user interfaces;

Automated and intuitive machine learning capabilities for accelerating the creation and delivery of Cognitive Applications;

Our data connectivity and integration capabilities; and

Our business logic and rules capabilities.



   Company Address: 15 Wayside Road, Suite 400 Burlington 1803 MA
   Company Phone Number: 280-4000   Stock Exchange / Ticker: NASDAQ PRGS
   


Customers Net Income grew by PRGS's Customers Net Profit Margin grew to

14.26 %

11.57 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CRM   -1.99%    
DBX        1.36% 
NOW   -1.7%    
ORCL        0.2% 
SQ   -1.67%    
TEAM   -9.83%    
• View Complete Report
   



Shares

Progress Software Secures $400 Million Offering, Boosting Growth Potential: Impact on Share Prices Analyzed

Published Wed, Feb 28 2024 3:28 AM UTC

Progress Software Announces Upsize and Pricing of Convertible Senior Notes Offering
Progress Software Corporation has made a significant announcement today, disclosing the pricing of its private offering of $400.0 million aggregate principal amount of 3.50% Convertible Senior Notes due 2030, a move intended for qualified institutional buyers. This offering, made under R...

Shares

Progress Software's Strategic Move: Navigating the Convertible Senior Notes Offering

Published Mon, Feb 26 2024 9:05 PM UTC

Progress Software Announces Plans for Convertible Senior Notes Offering
In a recent press release, Progress Software Corporation revealed its intention to offer $350.0 million in Convertible Senior Notes due 2030. The offering, subject to market conditions, will be exclusively available to qualified institutional buyers. Additionally, Progress plans to grant initial purc...

Earnings announcement

Preserving Wildlife Through Geospatial Intelligence: Progress Software Excels in Revenue Growth, Yet Faces Profitability Challenges

Published Wed, Nov 1 2023 2:14 PM UTC


In a groundbreaking move to protect wildlife and combat animal poaching, a Dutch nonprofit has harnessed the power of geospatial intelligence and the MarkLogic Data Hub to create a comprehensive and real-time view of protected nature areas. This innovative approach not only empowers rangers with enhanced situational awareness but also serves as a crucial tool in prevent...






 

Progress Software's Segments
 
 
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