Stock PRGS PROGRESS SOFTWARE CORPORATION
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Company Progress Software Corporation

Equities

PRGS

US7433121008

Software

Market Closed - Nasdaq
Other stock markets
 21:00:00 29/04/2024 BST 		5-day change 1st Jan Change
50.19 USD -0.30% Intraday chart for Progress Software Corporation -1.95% -7.57%
04-19 Sector Update: Tech Stocks Sliding Late Afternoon MT
04-19 Sector Update: Tech Stocks Slipping in Afternoon Trading MT

Business Summary

Progress Software Corporation is a provider of infrastructure software. The Company provides software that enables organizations to develop and deploy their applications, as well as manage their data platforms, cloud and information technology infrastructure. Its global professional services organization delivers business solutions for customers through a combination of products, consulting and education. The Company's consulting organization offers project management, implementation services, custom software development, programming and other services. Its services include application modernization, infrastructure automation, development operations, data management and managed database services, performance enhancements and tuning, and analytics/business intelligence. Its products include OpenEdge, Chef, Developer Tools, Kemp LoadMaster, MOVEit, DataDirect, WhatsUp Gold, Sitefinity, Flowmon, Corticon, MarkLogic and Semaphore. Semaphore is a semantic artificial intelligence platform.

Number of employees: 2,284

Sales per Business

USD in Million2022Weight2023Weight Delta
Maintenance
57.8 %
362 60.2 % 402 57.8 % +10.81%
Software Licenses
31.8 %
188 31.3 % 221 31.8 % +17.23%
Professional Services
10.4 %
51 8.5 % 72 10.4 % +40.53%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
54.8 %
311 51.6 % 381 54.8 % +22.44%
EMEA
32.1 %
208 34.5 % 223 32.1 % +7.30%
Asia Pacific
5.6 %
35 5.8 % 39 5.6 % +10.53%
Canada
4.5 %
30 5.0 % 31 4.5 % +2.52%
Latin America
3.0 %
18 3.0 % 21 3.0 % +16.94%

Managers

Managers TitleAgeSince
Yogesh K. Gupta CEO
 Chief Executive Officer 63 09/10/16
Anthony Folger DFI
 Director of Finance/CFO 52 30/01/20
Ian Pitt CTO
 Chief Tech/Sci/R&D Officer 56 02/08/21
YuFan Wang CMP
 Compliance Officer 41 30/04/22
Michael R. Micciche IRC
 Investor Relations Contact - 28/02/21
Dinara Doyle HRO
 Human Resources Officer - 31/05/20
Shirley Knowles PRN
 Corporate Officer/Principal - 13/06/21
Domenic Lococo AUD
 Comptroller/Controller/Auditor - -
Jennifer Ortiz SAM
 Sales & Marketing 47 30/09/19
John Ainsworth PRN
 Corporate Officer/Principal 59 31/12/16

Members of the board

Members of the board TitleAgeSince
Paul Dacier BRD
 Director/Board Member 65 31/05/17
Charles Kane BRD
 Director/Board Member 66 08/11/06
Vivian Vitale BRD
 Director/Board Member 70 23/10/19
Yogesh K. Gupta CEO
 Chief Executive Officer 63 09/10/16
John Egan CHM
 Chairman 66 11/09/11
David Krall BRD
 Director/Board Member 63 04/02/08
Angela Tucci BRD
 Director/Board Member 57 19/02/18
Rainer Gawlick BRD
 Director/Board Member 56 31/05/17
Samskriti King BRD
 Director/Board Member 50 19/02/18

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 43,218,086 42,570,474 ( 98.50 %) 0 98.50 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
15.67 %
6,877,780 15.67 % 367 M $
Vanguard Fiduciary Trust Co.
12.61 %
5,534,242 12.61 % 295 M $
Boston Trust Walden Corp.
4.042 %
1,773,797 4.042 % 95 M $
STATE STREET CORPORATION
3.816 %
1,674,383 3.816 % 89 M $
Eaton Vance Management
3.415 %
1,498,387 3.415 % 80 M $
Dimensional Fund Advisors LP
3.098 %
1,359,246 3.098 % 72 M $
Fuller & Thaler Asset Management, Inc.
2.691 %
1,180,862 2.691 % 63 M $
Wellington Management Co. LLP
2.403 %
1,054,345 2.403 % 56 M $
Renaissance Technologies LLC
2.371 %
1,040,229 2.371 % 55 M $
Principal Global Investors LLC
2.339 %
1,026,458 2.339 % 55 M $

Company contact information

Progress Software Corp.

15 Wayside Road Suite 400

01803, Burlington

+781 280 4000

http://www.progress.com
address Progress Software Corporation(PRGS)

Sector

Technology
Software & IT Services
Software & IT Services
Software
Other Software

Sales per Business

Sales per region

Ratings for Progress Software Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
50.19 USD
Average target price
63.61 USD
Spread / Average Target
+26.74%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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