Progress Software Corp (DE) - PRGS STOCK NEWS

Progress (NASDAQ: PRGS) announced that State Electric Supply Co. has launched a revamped B2B ecommerce platform using Progress Sitefinity, enhancing user experience and integration with Infor SX.e ERP. This transformation resulted in significant growth metrics, including a 25% increase in new user registrations, over 40% organic traffic growth, a 120% rise in conversion rates, and a 244% boost in revenue from site searches. The initiative has garnered industry recognition, winning awards at the AD eContent Summit and tED magazine's 2019 Best Website awards.

Progress (NASDAQ: PRGS) announced a strategic partnership with Sigma Software Distribution on August 17, 2020. This collaboration aims to enhance analytics, integration, and data management solutions for organizations. Sigma will utilize Progress DataDirect products to connect cloud applications with on-premises data across hybrid environments. The partnership will benefit over 850 resellers, enabling them to leverage high-performing data connectivity to enhance business insights. Progress DataDirect is already trusted by 350 independent software vendors and over 10,000 enterprises.

Progress (NASDAQ: PRGS) launched Corticon.js, a serverless rules engine designed for quick integration into JavaScript applications. This release allows developers to implement rules without server-side processing, enhancing efficiency and reducing operational costs. Corticon.js supports lightweight architectures and enables faster decision-making in mobile deployments. The solution empowers business analysts to create business logic without coding, ensures regulatory compliance, and can be deployed as callable web services or embedded directly within applications.

Progress (NASDAQ: PRGS) announced that its WhatsUp Gold has been awarded the “2020 Network Monitoring Emotional Footprint Award” by SoftwareReviews. This award recognizes the product for its superior usability, intuitiveness, and customization capabilities, achieving an emotional footprint score of +80 out of 16 solutions evaluated. The award is based on user feedback, affirming the product's value in network monitoring for businesses. Progress aims to continue innovating to enhance customer experience and address IT management needs.

Progress (NASDAQ: PRGS) reported its fiscal Q2 2020 results with revenue of $100.4 million, remaining flat year-over-year. Diluted earnings per share increased 106% to $0.37. Non-GAAP revenue saw a 1% decline while non-GAAP earnings per share decreased 3% to $0.63. The company raised its 2020 guidance for revenue to a range of $425 - $435 million and for diluted EPS to $1.81 - $1.85. Despite anticipated impacts from COVID-19, Progress maintains confidence in a strong business model and plans for potential M&A activities.

Progress (NASDAQ: PRGS) announced the first recipient of the Mary Székely Scholarship for Women in STEM, awarded to Kaya Dorogi from Marlborough, MA. The scholarship, honoring Progress' co-founder, provides $10,000 annually for women pursuing degrees in computer science and related fields. Kaya, a graduate of the Bancroft School, is recognized for her outstanding academic achievement and involvement in technology startups and STEM leadership initiatives. She will study computer science at Columbia University, embodying the entrepreneurial spirit celebrated by the scholarship.

Progress (NASDAQ: PRGS) announced that its Progress MOVEit has been awarded the Gold Medal in the 2020 Managed File Transfer Data Quadrant Awards by SoftwareReviews, marking the second consecutive year of recognition. Evaluated against nine MFT solutions, MOVEit excelled based on over 670 user reviews, ranking highly in features, usability, ease of integration, and administration. The award reflects the growing importance of secure file transfer solutions as remote workforces proliferate, emphasizing customer support and effective technology.

Progress has announced the release of MOVEit 2020, an enhanced secure Managed File Transfer (MFT) solution featuring MOVEit Mobile 2.0, designed for both on-premises and cloud deployment. The mobile app allows non-technical users to securely manage file transfers, especially in remote work environments. The update includes native support for Azure Blob storage, customizable security classifications, and a redesigned MOVEit Gateway. This release addresses the growing demand for secure file sharing and compliance needs as businesses adapt to hybrid working conditions.

Progress (NASDAQ: PRGS) announced winners of the 2020 Website of the Year Awards, recognizing excellence in design, user experience, and innovation across 13 categories. Over 11,000 votes were cast for websites powered by Progress Sitefinity. Notable winners included the Association for Institutional Research and Rhea Lana's. This event highlights the platform's capability in delivering engaging digital experiences, celebrating organizations that excel in leveraging Sitefinity features to overcome business challenges.