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Last €24.14 EUR
Change Today -0.122 / -0.50%
Volume 0.0
PGR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 2:02 AM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

progress software corp (PGR) Snapshot

Open
€24.14
Previous Close
€24.26
Day High
€24.14
Day Low
€24.14
52 Week High
03/16/15 - €25.34
52 Week Low
05/7/14 - €14.76
Market Cap
1.2B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
50.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PROGRESS SOFTWARE CORP (PGR)

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progress software corp (PGR) Details

Progress Software Corporation provides software solutions for various industries worldwide. It offers Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across any platform, mobile device, and cloud; Progress Corticon, a business rules management system that enables applications with decision automation, decision change process, and decision-related insight capabilities; Progress DataDirect Connect software that offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Cloud, a software as a service (SaaS)-based connection management service that simplifies SQL access to a spectrum of cloud-based data sources through a single standards-based interface. The company also provides Progress Pacific, a platform-as-a-service, which enables creation and deployment of data-driven business applications with minimal coding by using point-and-click and drag-and-drop tools in a Web browser; Progress Rollbase, which allows creation of SaaS business applications using point and click, and drag and drop tools in a Web browser; Modulus, a control platform for running Node.js applications; and Telerik Dev Tools, a cross-platform for next generation Web, mobile, desktop, and HTML5 applications. In addition, it offers Telerik Dev Cloud, a cloud-based application for design, deployment, hosting, and testing; Telerik Platform, an end-to-end application lifecycle solution; Telerik ALM, an application lifecycle management suite; and Telerik Sifefinity, a next-generation Web content management and customer analytics platform. Further, the company provides application development, consulting, training, and customer support services. It sells its products directly to end-users, as well as indirectly to application partners, original equipment manufacturers, and system integrators. The company was founded in 1981 and is headquartered in Bedford, Massachusetts.

1,075 Employees
Last Reported Date: 01/29/15
Founded in 1981

progress software corp (PGR) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $650.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $375.0K
President of Application Development & Deploy...
Total Annual Compensation: $330.0K
Chief Technology Officer, Chief Product Offic...
Total Annual Compensation: $344.2K
Senior Vice President of Global Field Operati...
Total Annual Compensation: $270.6K
Compensation as of Fiscal Year 2014.

progress software corp (PGR) Key Developments

Progress Software Corporation Announces Availability of DigitalOcean for Modulus Platform Users

Progress Software Corporation has announced the availability of DigitalOcean for Modulus platform users deploying apps in Asia-Pacific. Developers anywhere in the world who deploy apps in Asia-Pacific can take advantage of the Modulus platform running on DigitalOcean, immediately. Customers can now build, deploy and scale truly global applications while relying on best-in-class regional support in Asia and Australia. Furthermore, enterprise customers and ISVs can expect decreased latency and increased response time for their Node.js application deployment in APAC.

Progress Software Corporation Reports Consolidated Earnings Results for the First Quarter February 28, 2015; Provides Unaudited Earnings Guidance for the Second Fiscal Quarter Ending May 31, 2015; Revises Unaudited Earnings Guidance for the Fiscal Year Ending November 30, 2015

Progress Software Corporation reported consolidated earnings results for the first quarter ended February 28, 2015. For the period, the company's total revenue was $81,381,000 against $74,538,000 a year ago. Loss from operations was $11,186,000 against income from operations of $14,002,000, a year ago. Loss before provision for income taxes was $10,253,000 against income before provision for income taxes of $14,008,000 a year ago. Net loss was $971,000 or $0.02 basic and diluted per share against net income of $11,100,000 or $0.21 diluted per share a year ago. Net cash flows from operating activities were $37,140,000 against $25,424,000 a year ago. Capital expenditures were $2,641,000 against $6,518,000 a year ago. Purchases of property and equipment were $2,335,000 against $5,697,000 a year ago. Capitalized software development costs were $2,335,000 against $821,000 a year ago. Payments for acquisitions were $306,000. Free cash flow was $34,499,000 against $18,906,000 a year ago. Non-GAAP total revenue was $95,455,000 or $1.37 diluted per share compared to $76.5 million or $1.43 diluted per share a year ago. On a non-GAAP basis in the fiscal first quarter of 2015, revenue was $95.5 million compared to $74.5 million in the same quarter last year. Income from operations was $20.4 million compared to $21.4 million in the same quarter last year. Net income was $15.1 million compared to $14.6 million in the same quarter last year. Diluted earnings per share were $0.29 compared to $0.28 in the same quarter last year. Free cash flow was $34.5 million compared to $18.9 million in the same quarter last year. The company revised earnings guidance for the fiscal year ending November 30, 2015. The fiscal year ending November 30, 2015 financial guidance of the company includes the impact of the recent significant strengthening of the US dollar and is based on current exchange rates. Because the US dollar has continued to strengthen since the guidance provided on January 13, 2015, the negative currency translation impact on it's 2015 business outlook compared to 2014 exchange rates is $27 million to $28 million on non-GAAP revenues and $0.14 to $0.15 on non-GAAP earnings per share (previously $17 to $18 million on non-GAAP revenues and $0.10 to $0.11 on non-GAAP earnings per share). Non-GAAP revenue is expected to be between $415 million and $425 million against previous guidance of $425 million and $435 million. Non-GAAP earnings per share are expected to be between $1.35 and $1.45 against previous guidance of $1.37 and $1.47. Free cash flow is expected to be between $90 million and $93 million (unchanged). Non-GAAP effective tax rate is expected to be between 33% and 34% (unchanged). Non-GAAP income from operations is expected to be between $110.4 million and $116.0 million. Non-GAAP income from continuing operations before income taxes is expected to be between $108.5 million and $114.1 million. Non- Non-GAAP diluted earnings per share are expected to be between $1.35 and $1.45. Amortization of intangibles is expected to be $29.6 million. GAAP income from operations is expected to be between $8.6 million and $14.2 million. GAAP net income is expected to be between $4.2 million and $7.7 million. GAAP diluted earnings per share is expected to be between $0.08 and $0.15. The company provided earnings guidance for the second fiscal quarter ending May 31, 2015. The company's revenue is expected to be between $85 million and $88 million. Non-GAAP revenue is expected to be between $97 million and $100 million. Non-GAAP diluted earnings per share are expected to be between $0.29 and $0.32. GAAP diluted earnings per share to be between $0.12 and $0.15. Amortization of intangibles is expected to be $0.14 million.

Progress Software Mulls Acquisitions

Progress Software Corporation (NasdaqGS:PRGS) is looking for acquisitions. Phil Pead, President and Chief Executive Officer of Progress Software Corporation said, "Over the last two years, we've focused on building the capabilities necessary to offer a powerful way for developers to create beautiful apps without the tedium of managing the complexity. This has led us to significantly invest in our OpenEdge platform to enrich both the depth and breadth of our data connectivity and integration technologies, and to make strategic acquisitions in our app dev and deployment business."

 

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Industry Analysis

PGR

Industry Average

Valuation PGR Industry Range
Price/Earnings 35.7x
Price/Sales 3.9x
Price/Book 2.5x
Price/Cash Flow 27.4x
TEV/Sales 2.8x
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