Welcome to our dedicated page for Progress Soft news (Ticker: PRGS), a resource for investors and traders seeking the latest updates and insights on Progress Soft stock.
Progress Software Corporation (Nasdaq: PRGS) provides essential infrastructure solutions for enterprise application development and digital transformation. This dedicated news hub offers investors and technology professionals a centralized source for verified updates about the company's strategic direction and market position.
Access real-time insights through official press releases, financial disclosures, and operational developments. Our curated collection includes updates on product innovations, partnership announcements, and corporate milestones related to PRGS's AI-powered software solutions.
Key content categories cover financial results, technology advancements, strategic acquisitions, and industry leadership initiatives. Stay informed about developments in cloud infrastructure tools, data management systems, and developer productivity solutions that define PRGS's market offerings.
Bookmark this page for continuous access to Progress Software's evolving story in enterprise technology. Combine these updates with fundamental analysis tools available through Stock Titan to maintain informed perspectives on infrastructure software investments.
Progress Software (NASDAQ: PRGS) reported strong financial results for Q2 2025, with significant growth across key metrics. The company achieved revenue of $237 million, up 36% year-over-year, and Annualized Recurring Revenue (ARR) of $838 million, representing 46% growth. Non-GAAP operating margin improved to 40%, while diluted earnings per share increased to $0.39 (GAAP) and $1.40 (non-GAAP).
The company announced the acquisition of Nuclia, an agentic Retrieval-Augmented Generation (RAG) AI solutions provider, to enhance its Data Platform capabilities. The acquisition, while strategically important, is described as immaterial to Progress' financials.
Based on strong performance, Progress raised its full-year 2025 guidance, now expecting revenue between $962-$974 million, non-GAAP operating margin of 38-39%, and non-GAAP diluted earnings per share of $5.28-$5.40. The company also reported significant progress in debt reduction, paying down $40 million of its revolving credit facility in Q2.
Progress Software (Nasdaq: PRGS) has announced the acquisition of Nuclia, a company specializing in agentic Retrieval-Augmented Generation (RAG) AI technology. The acquisition, completed on June 30, 2025, aims to enhance Progress Software's AI capabilities by incorporating Nuclia's RAG-as-a-service product.
Nuclia's technology enables organizations to leverage their proprietary business information to generate accurate and verifiable answers using Generative AI. The solution is designed as a self-service SaaS product, making sophisticated RAG capabilities accessible to businesses of all sizes without significant upfront investment.
The acquisition will expand the Progress Data Platform's capabilities while targeting a broader market of organizations seeking to implement agentic RAG technology. Progress Software has indicated that the transaction is immaterial to its financial statements.
Progress Software (Nasdaq: PRGS) has announced the release of Progress® Semaphore™ 5.10.1, its enhanced metadata management and semantic AI platform. The update introduces significant improvements including expanded AI Model Builder Connectors supporting various LLM providers, intuitive constraint definitions, and full support for SKOS mapping relationships.
Key features include visual support for model constraints, structural-level classification settings, and concept reuse capabilities. The platform aims to help businesses better manage and understand their enterprise data, enabling faster decision-making and improved productivity. Notably, Semaphore was recently recognized as the Leader and Gold Medalist in Info-Tech Research Group's 2024 Metadata Management Data Quadrant.
Progress (PRGS) announced that its Board Chair, John R. 'Jack' Egan, has been awarded the Leadership in Corporate Governance Award by the National Association of Corporate Directors New England Chapter (NACDNE). The award recognizes Egan's contributions to corporate governance and board leadership.
Egan, the founding managing partner of Egan-Managed Capital, L.P., a Boston-based venture capital firm, serves as Lead Independent Director at NETSCOUT and has previously held board positions at EMC Corp., Verint Systems, VMware, and Boston College's Board of Trustees.
The award ceremony will take place at the NACDNE Director of the Year Awards Gala in Boston on April 28, 2025, marking the event's 17th year of recognizing excellence in corporate governance and board leadership.
Progress (PRGS) has announced significant AI enhancements to its Sitefinity content management platform with the release of version 15.3. The update introduces several key features including packaged AI services with GenAI-powered functions, AI-enhanced media search using natural language, Azure AI Translator integration, and AI-based content optimization capabilities.
The platform now enables marketers to create and manage content more efficiently through features like content summarization, writing improvements, and automated tag suggestions. A notable addition is the enhanced integration with BI systems in Sitefinity Insight CDP, allowing users to export marketing data in Parquet format for advanced analysis.
The announcement coincides with Sitefinity's 20th anniversary in 2025, highlighting its evolution into a modern cloud-based, AI-powered enterprise CMS with Next.js support, making it one of the first SaaS CMS platforms to offer integrated multi-technology front-end hosting.
FAQ
What is the current stock price of Progress Soft (PRGS)?
What is the market cap of Progress Soft (PRGS)?
