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Progress Software Corp (PRGS.OQ)

PRGS.OQ on NASDAQ Stock Exchange Global Select Market

28.97USD
19 May 2017
Change (% chg)

$-0.16 (-0.55%)
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$29.13
Open
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$28.95
Volume
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52-wk High
$32.47
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Latest Key Developments (Source: Significant Developments)

Praesidium Investment Management expects to continue to engage in communications with Progress Software's officers, board concerning specific initiatives
Wednesday, 29 Mar 2017 05:23pm EDT 

Progress Software Corp :Praesidium Investment Management Co-expects to continue to engage in communications with Progress Software's officers, board concerning specific initiatives, including strategic acquisitions.  Full Article

Progress reports 2017 fiscal first quarter results
Wednesday, 29 Mar 2017 04:15pm EDT 

Progress Software Corp - : Progress reports 2017 fiscal first quarter results . Q1 loss per share $0.01 . Q1 earnings per share view $0.26 -- Thomson Reuters I/B/E/S . Q1 revenue $91.2 million versus I/B/E/S view $87.5 million . Qtrly non-gaap earnings per share $0.34 . Sees fy 2017 gaap revenue $387 million - $395 million . Sees fy 2017 non-gaap revenue $388 million - $396 million . Sees fy 2017 gaap earnings per share $0.64 - $0.70; non-gaap earnings per share $1.64 - $1.69 . Sees q2 gaap earnings per share $0.13 - $0.15; non-gaap earnings per share $0.35 - $0.37 . Sees q2 revenue $89 million - $92 million . Q2 earnings per share view $0.37, revenue view $93.1 million -- Thomson Reuters I/B/E/S .Fy2017 earnings per share view $1.65, revenue view $391.2 million -- Thomson Reuters I/B/E/S.  Full Article

Progress acquires DataRPM, the best-of-breed machine learning company focused on cognitive predictive maintenance
Wednesday, 29 Mar 2017 04:10pm EDT 

Progress Software Corp : Progress acquires DataRPM, the best-of-breed machine learning company focused on cognitive predictive maintenance . Progress Software Corp - Progress acquired DataRPM for a purchase price of $30 million, .Progress Software - Purchase price consists of $28.3 million paid in cash, and $1.7 million payable to DataRPM's founders in form of restricted progress stock.  Full Article

Progress appoints Paul Jalbert as chief financial officer
Wednesday, 29 Mar 2017 04:05pm EDT 

Progress Software Corp : Progress announces appointment of Paul Jalbert as chief financial officer . Says Paul Jalbert appointed CFO .Progress Software Corp - Jalbert replaces Kurt Abkemeier.  Full Article

Progress reports 2016 fiscal fourth quarter and year end results
Monday, 16 Jan 2017 06:00pm EST 

Progress Software Corp : Progress reports 2016 fiscal fourth quarter and year end results . Q4 non-GAAP earnings per share $0.62 . Q4 earnings per share view $0.56 -- Thomson Reuters I/B/E/S . Q4 revenue $118 million versus I/B/E/S view $123.5 million . Progress Software says will discontinue investment in digital factory offering, will re-align its resources consistent with its core operating approach . Progress Software says will implement restructuring efforts that will include consolidating facilities, implementing a simplified organizational structure . Progress Software says will implement restructuring efforts that will reducing marketing and other external expenses . Progress Software says intends to reduce headcount by approximately 450 employees, totaling over 20% of company's workforce . Progress Software says initial headcount reductions will begin in fiscal Q1 of 2017 and should be substantially completed by end of fiscal Q2 of 2017 . Progress Software says after investments in new product strategy, progress expects to reduce net annual run-rate costs by about $20 million by end of fy 2017 . Progress Software says Jerry Rulli, Progress' chief operating officer, will be leaving company at end of fiscal Q1 of 2017 . Qtrly GAAP diluted loss per share $1.52 . Progress Software says sees fy 2017 non-GAAP earnings per share $1.64 - $1.69; non-GAAP revenue $388 million - $396 million . Sees Q1 2017 GAAP revenue $86 - $89 million.  Full Article

Progress initiates quarterly dividend
Wednesday, 28 Sep 2016 04:20pm EDT 

Progress Software Corp : Intends to continue to repurchase progress stock under existing $200 million authorization previously approved by board in March 2016 .Sets quarterly dividend of $0.125 per share.  Full Article

Progress Software reports Q3 EPS $0.15
Wednesday, 28 Sep 2016 04:15pm EDT 

Progress Software Corp : . Progress reports 2016 fiscal third quarter results . Q3 earnings per share $0.15 . Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . Q3 revenue $102.4 million versus I/B/E/S view $104.7 million . Sees FY 2016 Gaap Revenue $410-$413 million . GAAP revenue $412 - $415 million . Sees 2016 diluted earnings per share $0.61 - $0.63 . Sees 2016 adjusted diluted earnings per share $1.57 - $1.60 .FY2016 earnings per share view $1.61, revenue view $414.1 million -- Thomson Reuters I/B/E/S.  Full Article

Progress Software Corp says Q2 earnings per share $0.14
Wednesday, 29 Jun 2016 04:15pm EDT 

Progress Software Corp : Progress reports 2016 fiscal second quarter results . Q2 earnings per share $0.14 . Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Says Q2 diluted earnings per share was $0.33 . Sees fy 2016 gaap revenue $410 million - $416 million . Sees fy 2016 gaap earnings per share $0.63 - $0.68 . Sees fy 2016 non gaap revenue $412 million - $418 million . Sees fy 2016 non gaap earnings per share $1.57 - $1.63 . Sees Q3 gaap revenue $103 million - $106 million ; sees q3 non gaap revenue $103 million - $106 million . Sees Q3 gaap eps $0.17 - $0.20; sees q3 non gaap eps $0.43 - $0.46 . Fy2016 earnings per share view $1.59, revenue view $414.5 million -- Thomson Reuters I/B/E/S . Q3 earnings per share view $0.44, revenue view $106.1 million -- Thomson Reuters I/B/E/S . Qtrly gaap revenue $96.1 million versus $88.8 million . Qtrly non gaap revenue $96.7 million versus $100.9 million .Q2 revenue view $94.6 million -- Thomson Reuters I/B/E/S.  Full Article

Progress Software Corp says CFO Chris Perkins to retire
Wednesday, 30 Mar 2016 04:20pm EDT 

Progress Software Corp:Says Chris E. Perkins, CFO, has informed company that he plans to retire.Says will commence a search for a new CFO shortly.  Full Article

Progress Software Corp gives FY, Q1 2016 guidance
Tuesday, 12 Jan 2016 04:44pm EST 

Progress Software Corp:Sees FY 2016 Non-GAAP revenue is expected to be between $427 million and $433 million.Sees FY 2016 Non-GAAP earnings per share is expected to be between $1.59 and $1.65.Sees FY 2016 Non-GAAP operating margin is expected to be between 29% and 30%.Sees FY 2016 Adjusted free cash flow is expected to be between $97 million and $102 million.Sees FY 2016 Non-GAAP effective tax rate is expected to be approximately 33%.Sees Q1 2016 Non-GAAP revenue is expected to be between $92 million and $94 million.Sees Q1 2016 Non-GAAP earnings per share is expected to be between $0.27 and $0.29.  Full Article

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