Businessweek

Relative Technologies has deployed Progress Software Corporation's Apama Capital Markets Platform as the core of its new trading infrastructure. Progress(R) Apama(R) provides Relative with a resilient infrastructure that is giving the business a competitive edge in its capabilities for real-time analysis, algorithmic trading and back-testing using historical data.

Progress Software Corp. announced the release of a new version of its Progress(R) Apama(R) CEP platform. The latest version introduces a new kernel that dynamically compiles application code written in Apama's scripting language -- EPL -- to native machine code. The resulting boost in execution speed delivers significant benefits in scalability to much higher event rates and concurrent event queries. The result of more than ten person years of research and development, the new version of Apama will be available to Apama customers as a no-cost upgrade. Application code, whether written directly in Apama EPL or generated from Event Modeler scenarios, will run unmodified, allowing customers to drop in the new version and gain immediate benefits with no additional work. The new version also retains Apama's capability to hot-deploy application modules with zero downtime; application code is validated, compiled and deployed in parallel with on-going event processing.

Progress Software Corp. expanded its Big Data connectivity capabilities with the availability of new ODBC driver technologies that make it easier to leverage the newest and most powerful data warehousing applications. With new support for HiveServer2 and Cloudera CDH 4.1 Hadoop distributions, Progress(R) DataDirect Connect(R) XE for ODBC 7.1 reduces complexity for developers while enabling fast, reliable and secure access from multiple data sources. HiveServer2, the latest iteration of Apache Hive, is the data warehouse system for Hadoop, one of the most commonly used Big Data frameworks in the market today. It enables organizations to easily summarize data, execute ad hoc queries and process large sets of data within the Hadoop framework -- key functionalities in today's data saturated business environment. In order to capitalize on this system, fast, reliable and secure data access technology is critical. The new HiveServer2 support featured in the latest DataDirect Connect XE for ODBC 7.1 service pack delivers improved performance for ODBC interfaces, allowing easy management of concurrent HiveServer2 connections. It also provides improved scalability and high availability for HiveServer2 applications requiring extremely efficient database access. Additionally, improved HiveServer2 authentication allows the use of plain text passwords for improved usability, and better overall authorized access.

Progress Software Corp. announced consolidated earnings results for the first quarter ended February 28, 2013. For the quarter, the company reported total revenue of $89,269,000 against $87,213,000 a year ago. Income from operations was $14,715,000 against $19,222,000 a year ago. Income from continuing operations before income taxes was $14,167,000 against $19,492,000 a year ago. Income from continuing operations was $9,123,000 against $11,950,000 a year ago. Net income was $31,118,000 against $7,489,000 a year ago. Diluted earnings per share from continuing operations were $0.16 against $0.19 a year ago. Net cash flows from operating activities were $25,059,000 against net cash used in operating activities of $38,529,000 a year ago. Capital expenditures were $898,000 against $3,942,000 a year ago. Non-GAAP income from operations was $21,076,000 against $26,684,000 a year ago. Non-GAAP income from continuing operations was $13,543,000 against $18,419,000 a year ago. Non-GAAP diluted earnings per share from continuing operations were $0.23 against $0.29 a year ago. The company provided earnings guidance for the second quarter ending May 31, 2013. For the quarter, the company’s revenue growth is expected to be essentially flat compared to the fiscal second quarter of 2012; and non-GAAP operating margin is expected to be in the range of 21% to 24%. For a GAAP operating margin is in the range of 12% to 16%.

Progress Software Corp., Q1 2013 Earnings Call, Mar 27, 2013