Last $23.75 USD
Change Today +0.0021 / 0.01%
Volume 153.6K
PRGS On Other Exchanges
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As of 3:03 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

progress software corp (PRGS) Snapshot

Open
$23.75
Previous Close
$23.75
Day High
$23.91
Day Low
$23.56
52 Week High
09/26/13 - $26.95
52 Week Low
03/28/14 - $20.06
Market Cap
1.2B
Average Volume 10 Days
242.5K
EPS TTM
$1.01
Shares Outstanding
50.7M
EX-Date
--
P/E TM
23.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for PROGRESS SOFTWARE CORP (PRGS)

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progress software corp (PRGS) Details

Progress Software Corporation provides software solutions for various industries worldwide. Its solutions simplify the development, deployment, and management of business applications on-premise or in the cloud, on any platform or device, to any data source. The company offers application development solutions, including Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across any platform, mobile device, and cloud; and Progress Rollbase, which allows creation of software as a service (SaaS) business applications using point and click, and drag and drop tools in a standard Web browser. It also provides data integration solutions comprising Progress DataDirect Connect software, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms to any major database for corporate IT organizations and software vendors; and Progress DataDirect Cloud, a SaaS-based connection management service that simplifies SQL access to a spectrum of cloud-based data sources through a single standards-based interface. In addition, the company offers Progress Corticon, a business rules management system that enables applications with decision automation, decision change process, and decision-related insight capabilities; and Progress Pacific, a platform-as-a-service, which enables creation and deployment of data-driven business applications with minimal coding by using point-and-click and drag-and-drop tools in a Web browser. Further, it provides product maintenance, consulting, training, and customer support services. The company sells its products directly, as well as through independent distributors to end-users, independent software vendors, original equipment manufacturers, and system integrators. Progress Software Corporation was founded in 1981 and is headquartered in Bedford, Massachusetts.

942 Employees
Last Reported Date: 01/29/14
Founded in 1981

progress software corp (PRGS) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $637.9K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $331.7K
Senior Vice President of Global Field Operati...
Total Annual Compensation: $350.0K
Chief Product Officer and Senior Vice Preside...
Total Annual Compensation: $320.0K
Senior Vice President of Strategy and Corpora...
Total Annual Compensation: $315.0K
Compensation as of Fiscal Year 2013.

progress software corp (PRGS) Key Developments

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.

 

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PRGS

Industry Average

Valuation PRGS Industry Range
Price/Earnings 27.4x
Price/Sales 3.7x
Price/Book 2.3x
Price/Cash Flow 18.1x
TEV/Sales 3.0x
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