Derniers communiqués de presse

Progress Software Corporation (Nasdaq : PRGS), éditeur de logiciels spécifiquement conçus pour optimiser la réactivité opérationnelle des entreprises, présente ses résultats du premier trimestre clos le 28 février 2011. Selon le GAAP (Generally Accepted Accounting Principles) le chiffre d’affaires pour ce trimestre s’élève à 134,2 millions de dollars, soit une hausse de 5% par rapport aux 127,5 millions du premier trimestre 2010. Sur une base non-GAAP, le revenu d'exploitation s'élève à 134,3 millions de dollars, soit une hausse de 5% également par rapport à la même période en 2010. Le chiffre d’affaires lié à la vente des licences s’élève, quant à lui, à 51,3 millions de dollars, ce qui représente une augmentation de 9% par rapport aux 47,1 millions du premier trimestre 2010.

Ci-dessous vous trouverez le communiqué de presse intégral en anglais :

Progress Software Reports 2011 Fiscal First Quarter Results

Enterprise Business Solutions Revenue up 34%;

Progress Non-GAAP Operating Margin at 31%;

BEDFORD, MA, April 14, 2011 (MARKETWIRE) -- Progress Software Corporation (NASDAQ: PRGS), a leading software provider that enables enterprises to be operationally responsive announced today results for its fiscal first quarter ended February 28, 2011. On a generally accepted accounting principles (GAAP) basis, revenue for the quarter was $134.2 million, up 5 percent from $127.5 million in the fiscal first quarter of 2010. On a non-GAAP basis, revenue totaled $134.3 million, also up 5 percent compared to the same period a year ago. Software license revenue increased 9 percent to $51.3 million from $47.1 million in the same quarter last year.

On a GAAP basis in the fiscal first quarter of 2011:

Operating income increased to $28.3 million as compared to an operating loss of $4.4
million in the same quarter last year;
Net income increased to $20.5 million as compared to a net loss of $1.0 million in the same quarter last year;
Diluted earnings per share increased to 29 cents as compared to a loss of 2 cents in the same quarter a year ago.

On a non-GAAP basis in the fiscal first quarter of 2011:

Operating income increased 26 percent to $41.3 million from $32.8 million in the same quarter last year;
Non-GAAP net income increased 30 percent to $29.5 million from $22.7 million in the same quarter last year;
Non-GAAP diluted earnings per share increased 20 percent to 42 cents compared to 35 cents in the same quarter last year.

The non-GAAP amounts primarily exclude the amortization of acquired intangibles, stock-based compensation, restructuring and transition costs, acquisition-related costs and purchase accounting adjustments for deferred revenue.

The non-GAAP results noted above and the non-GAAP financial outlook for 2011 discussed below represent non-GAAP financial measures. A reconciliation of these measures to the appropriate GAAP measures for the three months ended February 28, 2011 and February 28, 2010 outlook, as well as further information regarding these measures, is included in the condensed financial information provided with this release.

Richard D. Reidy, president and chief executive officer of Progress Software, said: “We are pleased with our fiscal first quarter results. Strong revenue performance in our Enterprise Business Solutions (EBS) group, which comprises many of our newer product lines, plus solid OpenEdge revenue from our partner channel, and disciplined expense management contributed towards a non-GAAP operating margin at 31%. We continue to see significant growth with our newer product lines in the EBS group, where revenue increased 34% during the first quarter, and anticipate strong performance in this group to continue throughout the the year.”

Stock Split

In January 2011, Progress Software implemented a three-for-two split of its common stock, which was accomplished through a stock dividend issued by the company. The Board of Directors authorized the stock split principally to obtain wider distribution and greater liquidity for Progress Software’s common stock.

Shareholders of record as of the close of business on January 12, 2011 were issued one-half additional share for each share of common stock held on the record date. These additional shares were distributed on January 28, 2011. The stock split increased the number of shares of common stock outstanding from approximately 44 million shares to approximately 66 million shares.

Quarterly Highlights

Akhela, the IT company of Saras Group in Italy, is moving to a Responsive Process Management (RPM) strategy to make its internal processes more agile. Akhela implemented the Progress® Savvion® BPM suite, a Business Process Management (BPM) solution, and achieved real-time visibility in its business processes, improved automation and better insight into key business metrics. The BPM solution enables Akhela to better respond to business situations the instant they occur.
Progress announced the general availability of the DataDirect Connect XE® for JDBC, Salesforce.com driver. The driver, which has been tested successfully in beta for the past five months, enables Java based SQL to connect directly to Salesforce.com using JDBC, making it easier and faster to query and modify data in Salesforce.com from custom- developed and commercial Java-based applications. During the beta test period, Jinfonet, a leader in Java reporting, installed the driver to provide connectivity to Salesforce.com.
Progress also announced the availability of the new Progress® Integrated Trouble Management (ITM) solution accelerator. This new offering bolsters the Progress communications industry solutions portfolio and empowers communication service providers to dramatically enhance their customers’ overall experience. The ITM solution accelerator provides communication service providers with end-to-end management and rules-based problem resolution for customer initiated problems. It also enables the preemptive identification of problems so that operations managers can limit or completely remove any negative impact on their customers.
Belgacom Group, Belgium's leading provider of integrated telecommunications services, is building an innovative integration foundation using all Progress® enterprise infrastructure products and solutions. This IT project, which is part of a long-term strategic initiative, includes the implementation of an Enterprise Service Bus (ESB) and enables Belgacom to be even more responsive to the needs of their business clients through improved integration and middleware simplification.
Progress launched its Progress® Apama® Capital Markets Foundation v2.1, which enables developers to expedite the deployment of unique capital markets eCommerce, trading, risk, surveillance and other applications. The Progress® Apama® Capital Markets Foundation delivers key, customizable components allowing developers to rapidly deploy eCommerce solutions that leverage their traders’ unique intellectual property and business models. The new Foundation contains components, which have been borne out of real-life solution implementation projects and deployed many times and embodies significant industry knowledge and intellectual property learned the hard way – by building live deployments.
Skyward, Inc, creator of an industry leading K-12 school management system called the Skyward Workflow Manager and a Progress Independent Software Vendor (ISV) Partner, selected the Progress® OpenEdge® BPM platform to develop its Workflow Manager product.
PLUS-SX (a London based stock exchange) has successfully deployed the Progress® Apama® Market Surveillance and Monitoring solution accelerator to stay ahead of ever- changing financial regulations. PLUS-SX began live operations with their Apama solution in December, 2010. By using the Apama Market Surveillance and Monitoring solution accelerator, PLUS-SX can detect suspicious trading patterns in real-time. These suspicious trading patterns can often be a result of illegal activities such as insider trading, front running, and rogue algorithms, which helped trigger a ‘Flash Crash’ in 2010.
A new adapter for market data connectivity to Brazil's BM&FBOVESPA exchange's new Unified Market Data Feed (UMDF) was made generally available. The new UMDF API, announced by BM&FBOVESPA in July, will replace the existing ‘ProxyDiff’ method of accessing market data for both Equities and Derivatives markets directly from the exchange. UMDF uses a FIX/FAST protocol to offer ultra-low latency market data distribution. The adapter supports all of the features of the new UMDF feed including security definition management, exchange / security status and automatic recovery from transient problems with the exchange connection.

Additional highlights can be found at: http://web.progress.com/inthenews/pressreleases.html.

Business Outlook

Progress Software is providing the following guidance for the second fiscal quarter ending May 31, 2011:

On a GAAP and non-GAAP basis, revenue is expected to be in the range of $136 million to $139 million.
GAAP diluted earnings per share are expected to be in the range of 27 cents to 31 cents.
On a non-GAAP basis, diluted earnings per share are expected to be in the range of 41 cents to 43 cents.

Progress Software is providing the following guidance, which remains unchanged from our prior guidance, for the fiscal year ending November 30, 2011:

On a GAAP and non-GAAP basis, revenue is expected to be in the range of $560 million to $570 million.
GAAP diluted earnings per share are expected to be in the range of $1.22 to $1.32.
On a non-GAAP basis, diluted earnings per share are expected to be in the range of $1.74 to $1.80.

The outlook for non-GAAP earnings excludes the amortization of acquired intangibles, stock- based compensation, restructuring and transition costs and related tax effects.

Legal Notice Regarding Non-GAAP Financial Information

Progress Software provides non-GAAP revenue, operating income, operating margin, net income and earnings per share as additional information for investors. These measures are not in accordance with, or an alternative to, generally accepted accounting principles in the United States (GAAP). Such measures are intended to supplement GAAP and may be different from non-GAAP measures used by other companies. Progress Software believes that the non-GAAP results described in this release are useful for an understanding of its ongoing operations and provide additional detail and an alternative method of assessing its operating results. Management uses these non-GAAP results to compare the company's performance to that of prior periods for analysis of trends and for budget and planning purposes. A reconciliation of non-GAAP adjustments to the company's GAAP financial results is included in the tables below.

Conference Call

The Progress Software quarterly investor conference call to review its fiscal first quarter 2011 results and business outlook will be broadcast live at 9:00 a.m. (EDT) on Tuesday, March 29, 2011 on the company's Web site, located at http://investors.progress.com/. The conference call will include only brief comments followed by questions and answers. An archived version of the conference call and supporting materials will be available on the Progress Software Investor Relations Website after the live conference call.

Note to Editors

Progress Software is providing, in advance, a copy of prepared remarks for its conference call. These prepared remarks will not be read on the call. The press release, the prepared remarks, related presentations and additional financial disclosures are available on the Progress website (http://investors.progress.com/) within the investor relations page.

Progress Software Corporation

Progress Software Corporation (NASDAQ: PRGS) is a global software company that enables enterprises to be operationally responsive to changing conditions and customer interactions as they occur – to capitalize on new opportunities, drive greater efficiencies and reduce risk. The company offers a comprehensive portfolio of best-in-class infrastructure software spanning event-driven visibility and real-time response, open integration, data access and integration, and application development and deployment – all supporting on-premises and SaaS/Cloud deployments. Progress Software maximizes the benefits of operational responsiveness while minimizing IT complexity and total cost of ownership. Progress Software can be reached at www.progress.com or +1-781-280-4000.

Note Regarding Forward-Looking Statements

Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which include statements regarding the Company’s business outlook for its second fiscal quarter, 2011, and the full 2011 fiscal year and strategic plans, involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including but not limited to the following: the receipt and shipment of new orders; the timely release of enhancements to the Company’s products; the growth rates of certain market segments; the positioning of the Company’s products in those market segments; the customer demand and acceptance of our new product initiative, the Progress RPM suite; variations in the demand for professional services and technical support; pricing pressures and the competitive environment in the software industry; continuing uncertainty in the U.S. and international economies, which could result in fewer sales of the Company’s products and may otherwise harm the Company’s business; the Company’s ability to complete and integrate acquisitions; the Company’s ability to realize the expected benefits and anticipated synergies from acquired businesses; the Company's ability to penetrate international markets and manage its international operations; and changes in exchange rates. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings with the Securities and Exchange Commission.

Actional, Apama, FUSE ESB, FUSE, OpenEdge, Progress, Progress RPM, Responsive Process Management, Savvion and SonicMQ, Sonic are trademarks or registered trademarks of Progress Software Corporation or one of its subsidiaries or affiliates in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners.

A propos de la société

Progress Software Corporation (NASDAQ : PRGS) est un éditeur de logiciels spécifiquement conçus pour optimiser la réactivité opérationnelle des entreprises face aux conditions de marché en constante évolution et aux actions imprévues des clients, afin de leur permettre de profiter de toutes les opportunités qui s'offrent à eux, d'optimiser leur efficacité et de réduire leur exposition aux risques. Progress propose un portefeuille complet de produits d'infrastructure de premier plan couvrant des domaine très divers tels que visibilité pilotée par événements et réponse en temps réel, intégration open source, accès aux données et intégration, développement et déploiement d'applications – avec prise en charge des déploiement SaaS/Cloud ou sur site. Progress optimise les avantages de la réactivité opérationnelle tout en réduisant la complexité informatique et le coût total de possession (TCO). Pour contacter Progress, visitez le site www.progress.com ou composez le +1-781-280-4000.

Coordonnées

Pour plus d’informations sur Progress Software, vous pouvez contacter :
Geertien Stuit

Progress Software
Tél. : +32 (0)15 30 77 00
E-mail : gstuit@progress.com

Pour de plus amples informations, des visuels ou des interviews veuillez contacter
Kim Nys

Lewis PR
Tél.: +32 (0)3 466 01 88
E-mail: kim.nys@lewispr.com

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