Description

Progress Software Corporation: Initiation Of Coverage – Decoding the 4 Primary Contributors to Its Growth Surge!

Progress Software Corporation recently reported its financial results for the third quarter of 2024, which
exceeded the high end of guidance on both revenue and earnings per share (EPS). The company recorded a
revenue increase by 2% year-over-year to $179 million and a 17% year-over-year growth in EPS. Alongside
these results, Progress Software announced an agreement to acquire ShareFile from the Cloud Software Group
for $875 million in an all-cash transaction, anticipated to close before the end of the fiscal year. The proposed acquisition represents a strategic move to broaden Progress Software’s offerings in documentcentric collaboration and compliance-oriented workflows. ShareFile is recognized for its AI-powered collaboration capabilities, secure file synchronization, and sharing with e-signature features. It already boasts a stable customer base of 86,000 across various industries and reflects a business model centered on recurring revenue, evidenced by a net retention rate of over 100%.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!