Tag Archives: Progress Software

Progress Software Expands Big Data Connectivity With New HiveServer2 and Cloudera Support

By Business Wirevia The Motley Fool

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Progress Software Expands Big Data Connectivity With New HiveServer2 and Cloudera Support

New DataDirect Connect® for ODBC Driver Technology Boosts Data Warehouse Performance, Enables Better Data Access for ODBC Interfaces

BEDFORD, Mass.–(BUSINESS WIRE)– Progress Software Corporation (NAS: PRGS) , a global software company that simplifies and enables the development and deployment of business applications, today expanded its leading Big Data connectivity capabilities with the availability of new ODBC driver technologies that make it easier to leverage the newest and most powerful data warehousing applications. With new support for HiveServer2 and Cloudera CDH 4.1 Hadoop distributions, Progress® DataDirect Connect® XE for ODBC 7.1 reduces complexity for developers while enabling fast, reliable and secure access from multiple data sources.

HiveServer2, the latest iteration of Apache Hive, is the data warehouse system for Hadoop, one of the most commonly used Big Data frameworks in the market today. It enables organizations to easily summarize data, execute ad hoc queries and process large sets of data within the Hadoop framework – key functionalities in today’s data saturated business environment. In order to capitalize on this system, fast, reliable and secure data access technology is critical.

The new HiveServer2 support featured in the latest DataDirect Connect XE for ODBC 7.1 service pack delivers improved performance for ODBC interfaces, allowing easy management of concurrent HiveServer2 connections. It also provides improved scalability and high availability for HiveServer2 applications requiring extremely efficient database access. Additionally, improved HiveServer2 authentication allows the use of plain text passwords for improved usability, and better overall authorized access.

DataDirect Connect XE for ODBC 7.1 now includes support for Cloudera CDH 4.1, Cloudera’s leading enterprise Hadoop distribution.

Additional features in this service pack (SP1) include:

  • Platform certification for Windows 8 and Microsoft SQL Server 2012
  • PostgreSQL 9.1 support
  • Red Hat Enterprise Linux 6.3 support
  • Upgraded support for Salesforce.com API 26

Progress Software is the leading provider of comprehensive software for connecting the world’s most critical business applications to data and services, running on any platform, using proven and emerging standards. Developers worldwide depend on Progress DataDirect products to connect their applications to an unparalleled range of data sources using standards-based interfaces such as ODBC, JDBC and …read more
Source: FULL ARTICLE at DailyFinance

Progress Software Reports 2013 Fiscal First Quarter Results

By Business Wirevia The Motley Fool

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Progress Software Reports 2013 Fiscal First Quarter Results

BEDFORD, Mass.–(BUSINESS WIRE)– Progress Software Corporation (NAS: PRGS) , a global software company that simplifies and enables the development, deployment and management of business applications, announced today results for its fiscal first quarter ended February 28, 2013.

Revenue was $89.3 million compared to $87.2 million, a year over year increase of 3% on a constant currency basis, or an increase of 2% using actual exchange rates.

On a GAAP basis in the fiscal first quarter of 2013:

  • Income from operations was $14.7 million compared to $19.2 million in the same quarter last year;
  • Income from continuing operations was $9.1 million compared to $12.0 million in the same quarter last year;
  • Net income was $31.1 million compared to $7.5 million in the same quarter last year, and includes the gains on the divestitures of the Actional, Artix, DataXtend, ObjectStore, Orbacus, Orbix, Savvion and Sonic product lines of $35.1 million; and
  • Diluted earnings per share from continuing operations was $0.16 compared to $0.19 in the same quarter last year.

On a non-GAAP basis in the fiscal first quarter of 2013:

  • Income from operations was $21.1 million compared to $26.7 million in the same quarter last year;
  • Operating margin was 24%;
  • Income from continuing operations was $13.5 million compared to $18.4 million in the same quarter last year; and
  • Diluted earnings per share from continuing operations was $0.23 compared to $0.29 in the same quarter last year.

Phil Pead, President and Chief Executive Officer of Progress Software, said, “Our performance in the quarter reflects continued momentum as we execute on our strategic plan. Our initiatives to improve our operating margin are well under way and I am pleased with our early progress. In addition, we have begun to focus on building our foundation for future revenue growth by releasing new and innovative functionality across our solution suites and significantly increasing our customer engagement.”

Other fiscal first quarter 2013 results included the following:

…read more
Source: FULL ARTICLE at DailyFinance

Why TIBCO Is Poised to Bounce Back

By Brian D. Pacampara, The Motley Fool

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Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool’s free investing community, middleware and infrastructure software specialist TIBCO Software has earned a respected four-star ranking.

With that in mind, let’s take a closer look at TIBCO and see what CAPS investors are saying about the stock right now.

TIBCO facts

Headquarters (founded)

Palo Alto, Calif. (1985)

Market Cap

$3.3 billion

Industry

Application software

Trailing-12-Month Revenue

$1.0 billion

Management

Founder/Chairman/CEO Vivek Ranadive

CFO Sydney Carey

Return on Equity (average, past 3 years)

12.3%

Cash/Debt

$806.7 million / $563.4 million

Competitors

IBM

Oracle

Progress Software

Sources: S&P Capital IQ and Motley Fool CAPS.

On CAPS, 95% of the 539 members who have rated TIBCO believe the stock will outperform the S&P 500 going forward.

Just last week, one of those Fools, PuddinHead42, tapped TIBCO as a potentially attractive bargain opportunity: “Predictive software and big data are real, but 3 quarters of disappointment have [TIBCO] owners crying. Maybe expectations are low enough and the economy is growing well enough to reverse the trend.”

If you want market-thumping returns, you need to put together the best portfolio you can. Of course, despite a strong four-star rating, TIBCO may not be your top choice.

We’ve found another growth play we are incredibly excited about — excited enough to dub it “The Only Stock You Need to Profit from the NEW Technology Revolution.” We have compiled a special free report for investors to uncover this stock today. The report is 100% free, but it won’t be here forever, so click here to access it now.

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The article Why TIBCO Is Poised to Bounce Back originally appeared on Fool.com.

Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool recommends TIBCO Software. The Motley Fool owns shares of International Business Machines. and Oracle. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Does The Street Have Progress Software Figured Out?

By Seth Jayson, The Motley Fool

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Progress Software (NAS: PRGS) is expected to report Q1 earnings on March 27. Here’s what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Progress Software‘s revenues will shrink -30.8% and EPS will compress -17.9%.

The average estimate for revenue is $86.1 million. On the bottom line, the average EPS estimate is $0.23.

Revenue details
Last quarter, Progress Software booked revenue of $121.7 million. GAAP reported sales were 92% lower than the prior-year quarter’s -$25.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.23. GAAP EPS of $0.57 for Q4 were 217% higher than the prior-year quarter’s $0.18 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was -588.7%, much worse than the prior-year quarter. Operating margin was -1138.4%, much worse than the prior-year quarter. Net margin was -1844.6%, much worse than the prior-year quarter.

Looking ahead

The full year’s average estimate for revenue is $344.9 million. The average EPS estimate is $1.26.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 45 members out of 53 rating the stock outperform, and eight members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Progress Software a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Progress Software is outperform, with an average price target of $24.07.

Software and computerized services are being consumed in radically different ways, on new and increasingly mobile devices. Many old leaders will be left behind. Whether or not Progress Software makes the coming cut, you should check out the company that Motley Fool analysts expect to lead the pack in “The Next Trillion-dollar Revolution.” Click here for instant access to this free report.

The article Does The Street Have Progress Software Figured Out? originally appeared on Fool.com.


Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of
Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no …read more
Source: FULL ARTICLE at DailyFinance

Progress Software Corporation Announces Details for Fiscal First Quarter 2013 Earnings Release and C

By Business Wirevia The Motley Fool

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Progress Software Corporation Announces Details for Fiscal First Quarter 2013 Earnings Release and Conference Call

BEDFORD, Mass.–(BUSINESS WIRE)– Progress Software Corporation (NAS: PRGS) , a global software company that simplifies the development, deployment and management of business applications, today announced that it will release financial results for its fiscal first quarter 2013 on Wednesday, March 27, 2013. The company’s fiscal first quarter ended on February 28, 2013.

The company’s fiscal first quarter 2013 earnings press release will be issued through Business Wire and the company’s website before 4:30 p.m. Eastern Time (ET) on March 27, 2013. The company will also host its fiscal first quarter 2013 earnings conference call at 5:00 p.m. ET the same day.

Conference Call Details

The conference call may be accessed via web at http://www.progress.com or via dial-in at 888-556-4997, passcode 7342287. Please join the conference call at least 10 minutes early to register.

An archived version of the conference call and supporting materials will be available on the company’s Investor Relations website after the live conference call.


About Progress Software Corporation

Progress Software Corporation  (NAS: PRGS) is a global software company that simplifies the development, deployment and management of business applications on-premise or in the cloud, on any platform or device, to any data source, with enhanced performance, minimal IT complexity and low total cost of ownership. Progress Software can be reached at www.progress.com or 1-781-280-4000.

Progress and Progress Software are trademarks or registered trademarks of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners.

Progress Software Corporation
Investor Relations contact:
Tom Barth, + 781-280-4135
tobarth@progress.com
or
Progress Software Corporation
Media Relations contact:
Rick Lacroix, + 781-280-4604
rlacroix@progress.com

KEYWORDS:   United States  North America  Massachusetts

INDUSTRY KEYWORDS:

The article Progress Software Corporation Announces Details for Fiscal First Quarter 2013 Earnings Release and …read more
Source: FULL ARTICLE at DailyFinance