Last $25.60 USD
Change Today -0.26 / -1.01%
Volume 1.3K
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As of 9:30 AM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

progress software corp (PRGS) Snapshot

Open
$25.60
Previous Close
$25.86
Day High
$25.60
Day Low
$25.60
52 Week High
12/26/14 - $27.79
52 Week Low
03/28/14 - $20.06
Market Cap
1.3B
Average Volume 10 Days
419.3K
EPS TTM
$1.11
Shares Outstanding
50.2M
EX-Date
--
P/E TM
23.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for PROGRESS SOFTWARE CORP (PRGS)

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progress software corp (PRGS) Details

Progress Software Corporation provides software solutions for various industries worldwide. Its solutions simplify the development, deployment, and management of business applications on-premise or in the cloud, on any platform or device, to any data source. The company offers application development solutions, including Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across any platform, mobile device, and cloud; and Progress Rollbase, which allows creation of software as a service (SaaS) business applications using point and click, and drag and drop tools in a standard Web browser. It also provides data integration solutions comprising Progress DataDirect Connect software, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms to any major database for corporate IT organizations and software vendors; and Progress DataDirect Cloud, a SaaS-based connection management service that simplifies SQL access to a spectrum of cloud-based data sources through a single standards-based interface. In addition, the company offers Progress Corticon, a business rules management system that enables applications with decision automation, decision change process, and decision-related insight capabilities; and 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. Further, it provides product maintenance, consulting, training, and customer support services. The company sells its products directly, as well as through independent distributors to end-users, independent software vendors, original equipment manufacturers, and system integrators. Progress Software Corporation was founded in 1981 and is headquartered in Bedford, Massachusetts.

progress software corp (PRGS) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $637.9K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $331.7K
Senior Vice President of Global Field Operati...
Total Annual Compensation: $350.0K
Chief Technology Officer and Chief Product Of...
Total Annual Compensation: $320.0K
Senior Vice President of Strategy and Corpora...
Total Annual Compensation: $315.0K
Compensation as of Fiscal Year 2013.

progress software corp (PRGS) Key Developments

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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PRGS

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Valuation PRGS Industry Range
Price/Earnings 26.8x
Price/Sales 3.9x
Price/Book 2.4x
Price/Cash Flow 24.3x
TEV/Sales 3.0x
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