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Company's Recognition Based on Completeness of Vision and Ability to Execute BURLINGTON, Mass., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced its recognition in the 2025 Gartner Magic Quadrant for Digital Experience Platforms¹.
Examine the evolution of Progress Software's (PRGS) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
Progress announced the launch of Progress Data Cloud, a managed Data Platform as a Service simplifying enterprise data and AI operations in the cloud.
Progress Software Corporation has significant debt, but its valuation at 11x forward free cash flow makes it an attractive buy for patient investors. The company's main growth driver is disciplined M&A, with a focus on acquiring businesses with exceptional products and strong customer bases. Despite debt concerns, Progress is expected to deliver 30% y/y revenue growth in fiscal 2025, driven by its ShareFile acquisition and potential future acquisitions.
Progress Software, Disc Medicine And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
U.S. stock futures were higher this morning, with the Nasdaq futures gaining over 150 points on Wednesday.
Progress Software Corporation (NASDAQ:PRGS ) Q4 2024 Earnings Conference Call January 21, 2025 5:00 PM ET Company Participants Michael Micciche - SVP, IR Yogesh Gupta - President and CEO Anthony Folger - CFO Conference Call Participants Fatima Boolani - Citi John DiFucci - Guggenheim Securities Ittai Kidron - Oppenheimer Bo Yin - Jefferies Pinjalim Bora - JPMorgan Operator Good day, and welcome to the Progress Software Corporation Q4 2024 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded.
The headline numbers for Progress Software (PRGS) give insight into how the company performed in the quarter ended November 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Progress Software (PRGS) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.02 per share a year ago.
Annualized Recurring Revenue grew 46% year-over-year2024 Cash Flow from Operations $212 million vs. $174 million last year, 22% growthShareFile Integration Underway BURLINGTON, Mass.
Beyond analysts' top -and-bottom-line estimates for Progress Software (PRGS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended November 2024.