Stock Data
$0.93 (2.52%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SOFTWARE - INFRASTRUCTURE
Progress Software Corporation specializes in creating and managing business applications globally. With a product lineup including OpenEdge for application development, Chef for DevOps automation, and a variety of developer tools for web and mobile app creation, Progress Software ensures businesses can run smoothly and securely. Their offerings extend to network monitoring with WhatsUp Gold, file transfer management with MOVEit, and data connectivity solutions through DataDirect. Founded in 1981 and based in Burlington, Massachusetts, Progress Software serves a wide range of clients, from end users to large enterprises, providing essential software and services for today's digital world.
Progress Software crushed expectations with a 9% EPS beat and 4% revenue surprise, sending shares soaring 11% on proof that its AI-powered infrastructure push is capturing enterprise demand at scale. Management raised full-year guidance and flagged software license revenue surging 36% year-over-year, underscoring momentum beyond the consensus.
Progress Software reports after the bell today with litigation costs from the MOVEit breach and enterprise infrastructure spending trends in focus.
Nike and General Mills lead a 16-company earnings week that kicks off Monday with consumer staples and apparel in focus. Watch for margin pressures and spending signals as discretionary retail meets essential household goods.
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