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Progress Software Q2 2023 Earnings Report

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$66.38 +0.46 (+0.70%)
(As of 12/20/2024 05:16 PM ET)

Progress Software EPS Results

Actual EPS
$1.06
Consensus EPS
$0.90
Beat/Miss
Beat by +$0.16
One Year Ago EPS
$0.87

Progress Software Revenue Results

Actual Revenue
$179.23 million
Expected Revenue
$169.78 million
Beat/Miss
Beat by +$9.45 million
YoY Revenue Growth
+18.80%

Progress Software Announcement Details

Quarter
Q2 2023
Time
After Market Closes

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About Progress Software

Progress Software (NASDAQ:PRGS) develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules; MarkLogic, a data agility platform to connect data and metadata; and Semaphore, a Semantic AI platform. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

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