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Progress Software Corp (PRGS.OQ)

PRGS.OQ on NASDAQ Stock Exchange Global Select Market

39.33USD
19 Jun 2018
Change (% chg)

$-0.09 (-0.23%)
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Open
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Volume
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197,172
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$53.58
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Latest Key Developments (Source: Significant Developments)

Progress Reports Q1 GAAP Earnings Per Share $0.27
Wednesday, 28 Mar 2018 04:15pm EDT 

March 28 (Reuters) - Progress Software Corp ::PROGRESS REPORTS BETTER THAN EXPECTED 2018 FISCAL FIRST QUARTER RESULTS.Q1 NON-GAAP EARNINGS PER SHARE $0.54.Q1 GAAP EARNINGS PER SHARE $0.27.Q1 REVENUE $94.2 MILLION VERSUS I/B/E/S VIEW $92.6 MILLION.Q1 EARNINGS PER SHARE VIEW $0.47 -- THOMSON REUTERS I/B/E/S.RAISES GUIDANCE FOR FY18 EARNINGS PER SHARE AND OPERATING MARGIN.SEES FY18 REVENUE $398 MILLION TO $404 MILLION.SEES FY 2018 DILUTED EARNINGS PER SHARE $1.24 TO $1.32.SEES FY18 ADJUSTED DILUTED EPS $2.36 TO $2.41.SEES ‍Q2 2018 GAAP REVENUE $93 MILLION - $96 MILLION ​.SEES Q2 EPS $0.24 TO $0.26.SEES Q2 ADJUSTED EPS $0.51 TO $0.53.  Full Article

Progress Software Reports Q4 EPS of $0.34
Wednesday, 10 Jan 2018 04:15pm EST 

Jan 10 (Reuters) - Progress Software Corp ::PROGRESS REPORTS 2017 FISCAL FOURTH QUARTER AND YEAR END RESULTS.Q4 GAAP EARNINGS PER SHARE $0.34.Q4 NON-GAAP EARNINGS PER SHARE $0.67.Q4 EARNINGS PER SHARE VIEW $0.61 -- THOMSON REUTERS I/B/E/S.Q4 NON-GAAP REVENUE $116.3 MILLION VERSUS I/B/E/S VIEW $114.3 MILLION.QTRLY GAAP REVENUE WAS $116.1 MILLION COMPARED TO $117.7 MILLION IN SAME QUARTER LAST YEAR.SEES FY 2018 NON-GAAP EARNINGS PER SHARE $2.29 TO $2.35 .ADJUSTED REVENUE WAS $116.3 MILLION DURING QUARTER COMPARED TO $118.0 MILLION IN SAME QUARTER LAST YEAR.SEES GAAP ‍REVENUE OF $398 MILLION TO $404​ MILLION FOR FY 2018.SEES ‍Q1 2018 GAAP REVENUE OF $90 MILLION TO $93​ MILLION.SEES FY 2018 GAAP EARNINGS PER SHARE BETWEEN $1.14 TO $1.21‍​.SEES Q1 2018 ADJUSTED EARNINGS PER SHARE $0.46 TO $0.48.SEES Q1 2018 EARNINGS PER SHARE $0.15 TO $0.19.‍CURRENCY TRANSLATION IMPACT ON FISCAL 2018 GAAP, NON-GAAP DILUTED EPS GUIDANCE IS ABOUT $0.01​.  Full Article

Progress Software Entered Into Amended & Restated Credit Agreement Providing For $123.75 Mln Secured Term Loan
Monday, 27 Nov 2017 04:53pm EST 

Nov 27 (Reuters) - Progress Software Corp ::PROGRESS SOFTWARE - ‍ON NOV 20, CO ENTERED INTO AMENDED & RESTATED CREDIT AGREEMENT PROVIDING FOR $123.75 MILLION SECURED TERM LOAN.PROGRESS SOFTWARE - ‍ON NOV 20, CO ENTERED INTO AMENDED & RESTATED CREDIT AGREEMENT ALSO PROVIDING FOR $150 MILLION SECURED REVOLVING CREDIT FACILITY​.PROGRESS SOFTWARE - FACILITY MAY BE INCREASED BY UP TO ADDITIONAL $125 MILLION IF EXISTING/ ADDITIONAL LENDERS ARE WILLING TO MAKE INCREASED COMMITMENTS​.PROGRESS SOFTWARE CORP - ‍CREDIT FACILITY MATURES ON NOVEMBER 20, 2022​.  Full Article

Progress Software Q3 earnings per share $0.23
Wednesday, 27 Sep 2017 04:15pm EDT 

Sept 27 (Reuters) - Progress Software Corp :Progress reports 2017 fiscal third quarter results and increases annual guidance.Q3 earnings per share $0.23.Q3 earnings per share view $0.46 -- Thomson Reuters I/B/E/S.Q3 revenue $97.6 million versus I/B/E/S view $97.1 million.Progress Software Corp - ‍board of directors increases share repurchase authorization to $250 million​.Sees ‍ revenue of $394 - $397 million for 2017​.Sees GAAP ‍diluted earnings per share of $0.74 - $0.78 for 2017​.FY2017 earnings per share view $1.80, revenue view $396.0 million -- Thomson Reuters I/B/E/S.Progress Software Corp - sees ‍fy 2017 non GAAP EPS $1.82 - $1.85​.  Full Article

Progress Software Corp reports Q3 EPS $0.23
Wednesday, 27 Sep 2017 04:15pm EDT 

Sept 27 (Reuters) - Progress Software Corp ::Q3 revenue $97.3 million versus I/B/E/S view $97.1 million.Sees‍ revenue of $393 million - $396 million for 2017​.Progress reports 2017 fiscal third quarter results and increases annual guidance.Q3 earnings per share $0.23.Q3 earnings per share view $0.46 -- Thomson Reuters I/B/E/S.Board of directors increases share repurchase authorization to $250 million​.Sees GAAP ‍diluted earnings per share of $0.74 - $0.78 for 2017​.FY2017 earnings per share view $1.80, revenue view $396.0 million -- Thomson Reuters I/B/E/S.Sees ‍FY 2017 NON GAAP EPS $1.82 - $1.85​.  Full Article

Praesidium Investment Management LLC says delivered letter & presentation to Progress Software’S board
Friday, 15 Sep 2017 08:57am EDT 

Sept 15 (Reuters) - Progress Software Corp :Praesidium Investment Management Co LLC - on September 15, delivered letter and presentation to progress software’s board - SEC Filing.Praesidium Investment Management Company says on behalf of its clients owns about 8.8 percent of outstanding shares of Progress Software Corp‍​.‍praesidium Investment Management says demand that Progress Software's Jack Egan agrees to resign immediately as chairman of the board.Praesidium Investment - demand Progress Software's board add 5 new board members; 3 of these include John Shackleton, Mark Fusco, Russ Stuebing.‍praesidium Investment Management says demand that Progress Software's board immediately cease current deal strategy directed by CEO Yogesh gupta, board.Praesidium Investment- 5 new members for Progress Software's board should include a praesidium representative, 1 individual to be identified by Praesidium.  Full Article

Progress Software ‍expects Q3 adj. EPS $0.23
Tuesday, 12 Sep 2017 07:45am EDT 

Sept 12 (Reuters) - Progress Software Corp :Progress Software announces preliminary financial results for fiscal Q3 2017; better-than-expected Q3 revenues and diluted earnings per share; board of directors raises quarterly dividend 12%.Increases quarterly cash dividend by 12 percent.Sets quarterly cash dividend of $0.14per share.Progress Software Corp - ‍ expects to report diluted earnings per share $0.23 for Q3 2017​.Progress Software Corp - ‍ expects to report GAAP revenue $97.3 million and non-GAAP revenue of $97.6 million for Q3 2017​.Progress Software Corp - ‍ expects to report Q3 2017 non-GAAP diluted earnings per share $0.48​.Progress Software Corp - ‍board of directors also set a target dividend payout ratio of between 25-30 pct of company's annual cash flow from operations​.Q3 earnings per share view $0.43, revenue view $96.0 million -- Thomson Reuters I/B/E/S.Progress Software - ‍evaluated praesidium's idea of potential acquisition of "unrelated third party" but concluded it was not in best interests of co.Progress Software-nominating and corporate governance committe to consider individuals suggested praesidium, other individuals when evaluating future changes​.  Full Article

Praesidium says met with Progress Software board to discuss ideas to "enhance shareholder value‍"
Wednesday, 2 Aug 2017 05:57pm EDT 

Aug 2 (Reuters) - Praesidium Investment Management::Praesidium Investment Management-on July 31, met with Progress Software board to discuss ideas for board to consider ways to "enhance shareholder value‍".Praesidium Investment Management - ideas include internal initiatives, considering potential acquisition with unrelated third party - SEC filing.  Full Article

Progress Software reports Q2 adjusted earnings per share $0.42
Wednesday, 28 Jun 2017 04:15pm EDT 

June 28 (Reuters) - Progress Software Corp ::Progress reports 2017 fiscal second quarter results.Q2 earnings per share $0.21.Q2 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Q2 revenue $93.4 million versus I/B/E/S view $91.5 million.Sees FY 2017 gaap revenue $390 million - $395 million.Sees FY 2017 gaap diluted earnings per share $0.66 - $0.73.Sees FY 2017 non-gaap revenue $391 million - $396 million.Progress Software Corp - sees FY gaap adjusted free cash flow $86 million- $91 million.Sees FY 2017 non-gaap diluted earnings per share $1.73 - $1.78.Progress Software Corp - sees FY non gaap adjusted free cash flow $100 million - $105 million.Sees Q3 2017 gaap revenue and non-gaap revenue $93 million - $96 million.FY 2017 earnings per share view $1.68 -- Thomson Reuters I/B/E/S.Sees Q3 2017 gaap diluted earnings per share $0.17 - $0.19.FY 2017 revenue view $392.5 million -- Thomson Reuters I/B/E/S.Sees Q3 2017 non-gaap diluted earnings per share $0.41 - $0.43.Q3 revenue view $97.0 million -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $0.42.  Full Article

Progress acquires Kinvey for $49 million in cash
Wednesday, 28 Jun 2017 04:10pm EDT 

June 28 (Reuters) - Progress Software Corp ::Progress acquires Kinvey, the leader in backend as a service (baas) technology.Progress Software Corp - deal for $49 million in cash..  Full Article

BRIEF-Progress Reports Q1 GAAP Earnings Per Share $0.27

* PROGRESS REPORTS BETTER THAN EXPECTED 2018 FISCAL FIRST QUARTER RESULTS