Progress Software Corporation (Nasdaq: PRGS) is one of them 10 shares fell off the cliff.
Progress Software broke a three-day winning series on Tuesday and left 13 percent to close at $ 55.52 each, because investors may have already priced in his profit performance for the second quarter of the year after previous growth indications.
In the second quarter ending on May 31, 2025, Progress Software Corporation (Nasdaq: PRGS) delivered strong profit performance and an increase of 5 percent in its net result was $ 17 million versus the $ 16 million that was registered in the same period last year.
Turnover increased by 36 percent to $ 237 million from $ 175 million on an annual basis, which resulted in an annual return (ARR) of $ 838 million or 46 percent on annual basis growth.
In a separate statement, Progress Software Corporation (Nasdaq: PRGS) also announced the acquisition of Nuclia, an innovator in Agentic Retrieval-agmented Generation AI solutions.
A software engineer who works for a computer, surrounded by code.
Nuclia offers unique, user-friendly agentic RAG-As-a-Service technology with which organizations can automatically utilize their own company information to collect verifiable, accurate answers using Genai.
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Read next: 20 best AI shares to buy now And 30 best shares to buy now according to billionaires.
Publication: none. This article was originally published on Insider monkey.
