Last $27.34 USD
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progress software corp (PRGS) Key Developments

Progress Introduces New Telerik DevCraft Capabilities for Building Web, Mobile and Desktop Applications with Ease

Progress announced the latest release of Telerik DevCraft™ suite, the ultimate end-to-end toolset for professional .NET developers. The new release introduces powerful document and report management capabilities, new controls for building responsive web and native mobile applications, and increased productivity in Visual Studio. Telerik® products offer a number of new controls that provide fundamental building blocks for every mobile application, including ListView and SideDrawer for Xamarin and Windows Universal, as well as DataSource for Windows Universal. Telerik UI for ASP.NET AJAX introduces a new Bootstrap-inspired skin, a navigation control designed for building responsive websites, as well as lightweight rendering mode for multiple controls. New Visual Studio predefined application templates for AJAX, WPF, WinForms and Telerik Reporting products provide a better getting-started experience with Telerik DevCraft tools. Developers can build upon those ready-to-use templates immediately, or use them for their proof of concept. Telerik introduces a preview version of Telerik Report Server, a new end-to-end solution that enables business users and .NET developers to create and manage reports in a user-friendly environment with minimum development involvement. Telerik Report Server provides a centralized place for storing reports in a single database, located at on premise server instance, utilized by user-friendly web-based app for adding, editing, deleting and viewing operations over reports. Improvements to document processing libraries across the UI control suites enable users to create, load and modify documents in a variety of formats, and enable seamless export and import of documents or conversion from one format to another, without having third-party tools installed. In addition, the Telerik Client Export Manager for ASP.NET AJAX enables users to export whole pages or specific HTML elements from sites and apps to PDF.

HP and Progress Software Speed Enterprise App Development in the Cloud with Rollbase on HP Helion

Progress announced that its Rollbase® rapid application development platform is now certified ‘Helion Ready’ and will be available to deploy on HP’s distribution of OpenStack. By combining the Rollbase platform with HP Helion OpenStack project, organizations can now benefit from a hybrid cloud that offers IT security, control and agility while empowering developers with simple rapid application development and deployment. With the ‘Helion Ready’ certification, for the first time, the Progress global ecosystem-consisting of millions of developers, ISVs and end users around the world-can take advantage of the seamless integration of scalable infrastructure, computing and storage resources necessary to power and scale their applications. They can further manage and protect their application and user data for compliance and deploy applications to multiple clouds, ensuring high performance and low latency. IT speed, agility and cost-effectiveness are all imperatives for modern enterprises. HP Helion provides distributed computing capabilities that can meet those demands in an ever-changing marketplace, leveraging the power of OpenStack, the world’s larger open-source cloud computing project. The availability of Progress Rollbase on HP Helion will help businesses address one of the challenges they face: faster time to market for new applications. At a time when IT backlogs appear to be growing, the Rollbase rapid application development platform enables users to take advantage of its sophisticated, graphical “drag and drop” user interface to create polished, “consumer-quality” cloud-based applications that can deploy in a few clicks. The Rollbase platform affords organizations an unparalleled flexibility of deployment options-public, private or on-premise-without requiring modifications to the applications being deployed. It was tested and installed extensively on the Helion OpenStack project to guarantee that customers are able to ensure it leverages the full capabilities of the architecture, without limitation on application performance or scalability.

Progress Launches New Cloud Mobile Development Features in Telerik Platform

Progress announced the next evolution of its Telerik Platform offering, the only mobile development platform combining rich UI tools and cloud services to build compelling apps, regardless of operating system, device or technology. After a year on the market, the Telerik Platform offering has hit many major milestones, culminating in its latest release, which focuses on speed, powerful mobile app development and testing. Launched in January 2014, the modular, cloud-first, end-to-end vision of Telerik Platform offering is unlike any other in the market. Furthered with the release of three new modules in June focusing on prototyping, distributing and gathering user feedback, Telerik Platform solution has been widely adopted by developers the world over based on its ease-of-use and agility. Telerik Platform release focuses on speed and powerful mobile development. Equipped with day one support for the latest iOS and Android releases, it offers device cloud testing, enabling automated app testing for hundreds of different devices. Another major enhancement, Screen Builder (currently in beta) accelerates PhoneGap app scaffolding and enables both developers and business users to create 80% of the mobile app from pre-built and pre-wired screens without ever touching code. The latest Telerik Platform release also makes mobile development easier and more guided than ever, by providing new mobile app dev quick start templates to get developers building complex mobile apps fast. With the new templates and quick start workflows, developers can build their first app in as little as 15 minutes. In addition, the release takes interactive push notifications to the next level with the Telerik Cordova Push plugin with built-in backend services, push troubleshooting logs and a simplified push API.

Progress Software Corporation Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 30, 2014; Provides Earnings Guidance for the First Fiscal Quarter Ending February 28, 2015 and Fiscal Year Ending November 30, 2015

Progress Software Corporation announced consolidated earnings results for the fourth quarter and full year ended November 30, 2014. For the quarter, the company reported total revenue of $97,894,000 compared to $90,980,000 a year ago. Income from operations was $27,027,000 compared to $23,900,000 a year ago. Income from continuing operations before income taxes was $26,670,000 compared to $23,606,000 a year ago. Income from continuing operations was $14,463,000 or $0.28 per diluted share compared to $14,618,000 or $0.28 per diluted share a year ago. Net income was $14,463,000 or $0.28 per diluted share compared to $15,036,000 or $0.29 per diluted share a year ago. Net cash flows from operating activities were $39,225,000 compared to $17,859,000 a year ago. Capital expenditure was $1,610,000 compared to $2,073,000 a year ago. Non-GAAP income from operations was $38,016,000 compared to $33,510,000 a year ago. Non-GAAP Income from continuing operations was $24,069,000 or $0.47 per diluted share compared to $22,469,000 or $0.43 per diluted share a year ago. The year-over-year revenue increase in the fourth quarter was due to growth in both license and maintenance and services revenue. In the fourth quarter, the company generated strong cash flows with operating cash flow of approximately $39 million compared to $18 million in the fourth quarter of 2013. For the full year, the company reported total revenue of $332,533,000 compared to $333,996,000 a year ago. Income from operations was $80,740,000 compared to $63,740,000 a year ago. Income from continuing operations before income taxes was $77,804,000 compared to $62,783,000 a year ago. Income from continuing operations was $49,458,000 or $0.96 per diluted share compared to $39,777,000 or $0.72 per diluted share a year ago. Net income was $49,458,000 or $0.96 per diluted share compared to $74,907,000 or $1.35 per diluted share a year ago. Net cash flows from operating activities were $107,694,000 compared to $4,580,000 a year ago. Capital expenditure was $11,801,000 compared to $5,062,000 a year ago. Non-GAAP income from operations was $117,393,000 compared to $100,136,000 a year ago. Non-GAAP Income from continuing operations was $77,897,000 or $1.51 per diluted share compared to $66,014,000 or $1.19 per diluted share a year ago. The company provided earnings guidance for the first fiscal quarter ending February 28, 2015 and fiscal year ending November 30, 2015. For the first quarter, the company’s Non-GAAP revenue is expected to be between $93 million and $96 million; and Non-GAAP earnings per share is expected to be between $0.22 and $0.24. GAAP diluted loss per share is expected to be between $0.14 and $0.12. GAAP revenue is expected to be between $79.5 million and $82.5 million For the fiscal year ending November 30, 2015, The company’s Non-GAAP revenue is expected to be between $425 million and $435 million; Non-GAAP earnings per share is expected to be between $1.37 and $1.47; Non-GAAP operating margin is expected to be approximately 27%; Free cash flow is expected to be between $90 million and $93 million; and Non-GAAP effective tax rate is expected to be between 33% and 34%. GAAP revenue is expected to be between $390 million and $400 million. GAAP income from operations is expected to between $22.4 million and $26.2 million. GAAP operating margin is expected to be between 6% and 7%. Non-GAAP income from operations is expected to between $113.7 million and $117.5 million. GAAP net income is expected to between $11.7 million and $14.3 million. Non-GAAP net income is expected to between $72.5 million and $76.1 million. GAAP diluted earnings per share is expected to be between $0.22 and $0.28. The company expects to continue to generate strong free cash flow with business outlook at $90 million to $93 million in 2015.

Progress Software Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Progress Software Corporation provided earnings guidance for the fourth quarter and full year of 2014. For the year, the company expects revenue of $331 million to $335 million. Non-GAAP EPS is expected to be in a range of $1.47 to $1.50. Non-GAAP operating margin is expected to be 34%. Adjusted free cash flow is expected to be in a range of $79 million to $81 million. Non-GAAP effective tax rate is expected to be in a range of 32% to 33%. For the quarter, the company expects revenue of $96 million to $100 million. Non-GAAP EPS is expected to be in a range of $0.44 to $0.47.

 

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