Progress Software in Pivotal Point Check: AI Focus and ShareFile Integration Drive Growth - Analysts See 30% Price Potential After Strong Q1 and Raised Guidance!
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Q1 revenue increases by 29% to $238 million, earnings per share at $1.31 significantly above the forecasted $1.06. The successful integration of ShareFile significantly contributes to growth. DA Davidson confirms its buy recommendation with a price target of $75. Progress Software reported strong financial results for the first quarter of the fiscal year 2025 on March 31, 2025, significantly exceeding earnings expectations. Earnings per share reached $1.31, surpassing the forecast of $1.06. Revenue rose by 29% to $238 million, exceeding...
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