Last $23.18 USD
Change Today -0.55 / -2.32%
Volume 283.2K
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As of 8:10 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

progress software corp (PRGS) Key Developments

Progress Enhances DataDirect Cloud with OData Connectivity

Progress announced that it has expanded capabilities for its DataDirect Cloud data integration solution with new support for the Open Data Protocol (OData), a data access protocol for querying and updating data. This new capability makes it simple to interact with data from a variety of applications and programming languages so it's easier to consume by both information workers and developers from any platform or device. As businesses look to facilitate access to their wealth of data, OData provides the ideal means to standardize the link between applications and the broad spectrum of enterprise data sources. Because it is built on standards such as REST and JSON, OData makes it easy for mobile, enterprise mobile, SaaS, Web, and PaaS applications to access data from sources such as Salesforce, DB2, Oracle and SQL Server. Much like ODBC and JDBC have done to standardize data connectivity, OData is quickly becoming the standard protocol of choice for mobile and cloud apps in the increasingly agile enterprise. Combined with the speed and simplicity of the DataDirect Cloud solution, businesses can quickly realize results with real-time data analysis from any number of sources on mobile and Web applications. Additional data sources that can be accessed via the DataDirect Cloud data integration solution include: MySQL Enterprise, PostgreSQL, Apache Hadoop Hive, Amazon RedShift, Microsoft Dynamics CRM, Oracle Service Cloud, SugarCRM and Google Analytics.

Progress Software Corporation Announces Availability of Progress Rollbase through AWS Marketplace

Progress Software Corporation has announced the availability of Progress Rollbase, an application development core of the Progress Pacific platform as a service, or PaaS, through the Amazon Web Services, or AWS, marketplace. The AWS Marketplace is an online store that helps customers find, buy, and immediately start using software and services to build products and run their businesses. Using the Progress Rollbase solution, users will be able to develop powerful web and mobile apps quickly using the drag and drop, point and click capabilities. Customers can instantly deploy Progress Rollbase as an 'Amazon Machine Image' (AMI), saving time and cost of infrastructure management. Customers with an AWS account can now create their own instance of the Rollbase solution and use it to develop and deploy business apps to their customers quickly. This will allow new and existing AWS customers to maintain a single billing relationship with AWS while taking advantage of building integrated, model-driven apps with the Progress Rollbase product. New customers will be able to choose AWS as their service provider for simplicity and speed of acquisition. The Progress Pacific platform provides flexible deployment options for secure, scalable, multi-tenant applications to meet the needs of a dynamic business environment in cloud, on-premise, via mobile or hybrid infrastructures. The Rollbase solution allows users to write once and deploy apps on any platform, in any environment, to any data source.

Progress Software Appoints Weber Canova as Executive Board Member for Products

Weber Canova, technology VP at Totvs, has been appointed as executive board member for products at Progress Software.

Progress Software Corp. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended May 31, 2014; Provides Earnings Guidance for the Third Quarter Ending August 31, 2014 and Full Year Ending November 30, 2014

Progress Software Corp. reported consolidated earnings results for the second quarter and six months ended May 31, 2014. For the quarter, the company reported total revenue of $80,827,000 compared to $81,705,000 a year ago. Income from operations was $20,280,000 compared to $14,386,000 a year ago. Income from continuing operations before income taxes was $20,151,000 compared to $14,094,000 a year ago. Income from continuing operations was $12,799,000 compared to $8,142,000 a year ago. Net income was $12,799,000 or $0.25 per diluted share compared to $3,910,000 or $0.07 per diluted share a year ago. Net cash flows from operating activities were $17,116,000 compared to $13,641,000 a year ago. Capital expenditures were $1,519,000 compared to $1,488,000 a year ago. Non-GAAP income from operations was $28,421,000 compared to $23,715,000 a year ago. Non-GAAP income from continuing operations was $19,229,000 or $0.37 diluted per share compared to $15,007,000 or $0.27 diluted per share a year ago. The revenue year-over-year decrease was primarily due to lower license revenue, which was $28 million in the second quarter, down 5% from second quarter 2013 at actual exchange rates and down 6% on a constant-currency basis. For the six months, the company reported total revenue of $155,365,000 compared to $165,438,000 a year ago. Income from operations was $34,282,000 compared to $30,179,000 a year ago. Income from continuing operations before income taxes was $34,159,000 compared to $29,339,000 a year ago. Income from continuing operations was $23,899,000 compared to $17,955,000 a year ago. Net income was $23,899,000 or $0.46 per diluted share compared to $35,028,000 or $0.61 per diluted share a year ago. Net cash generated from operating activities was $42,540,000 compared to net cash used in operating activities of $2,386,000 a year ago. Capital expenditures were $8,037,000 compared to $11,418,000 a year ago. Non-GAAP income from operations was $49,803,000 compared to $45,267,000 a year ago. Non-GAAP income from continuing operations was $33,782,000 or $0.65 diluted per share compared to $28,874,000 or $0.50 diluted per share a year ago. The company provided revenue guidance for the fiscal year ending November 30, 2014. For the year, revenue is expected to be between $331 million and $338 million. Non-GAAP earnings per share is expected to be between $1.38 and $1.45. Non-GAAP operating margin is expected to be between 33% and 34%. Free cash flow is expected to be between $79 million and $83 million. Non-GAAP effective tax rate is expected to be 33%. For the third quarter ending August 31, 2014, the company revenue is expected to be between $78 million and $81 million, and Non-GAAP earnings per share is expected to be between $0.32 and $0.35.

Progress DataDirect Expands High-Performance Connectivity to MongoDB and Amazon Redshift

Progress announced expanded capabilities for its Progress(R) DataDirect(R) data connectivity solution with new support for MongoDB and Amazon Redshift databases. The flexible and high-performance cloud and on-premise application connectivity of the Progress DataDirect solution has been extended to these popular technologies in addition to existing support for dozens of other data sources used in enterprises. With the growth of business critical systems being developed with MongoDB and Amazon Redshift, the demand to interchange that data across IT ecosystems is growing. The innovative Progress DataDirect solution for data integration provides a simplified, scalable, secure and fast method for data connectivity without the complications of traditional methods.

 

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