Progress Software Corporation (PRGS) Q4 2024 Earnings Call Transcript

Progress Software Corporation (NASDAQ:PRGS) Q4 2024 Earnings Conference Call January 21, 2025 5:00 PM ET

Company Participants

Michael Micciche – SVP, IR
Yogesh Gupta – President and CEO
Anthony Folger – CFO

Conference Call Participants

Fatima Boolani – Citi
John DiFucci – Guggenheim Securities
Ittai Kidron – Oppenheimer
Bo Yin – Jefferies
Pinjalim Bora – JPMorgan

Operator

Good day, and welcome to the Progress Software Corporation Q4 2024 Earnings Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker, Mr. Mike Micciche, Senior Vice President of Investor Relations. Please go ahead.

Michael Micciche

Thank you, Sherri. It’s always great to be in your capable hands. Thank you. Before we get started here, we’re going to go over our safe harbor statement.

During this call, we will discuss our outlook for future financial and operating performance, corporate strategies, product plans, cost initiatives, our acquisition of ShareFile which closed on October 31, 2024 and other information that might be considered forward-looking. Such forward-looking information represents Progress Software’s outlook and guidance only as of today and is subject to risks and uncertainties.

For a description of the risk factors that may affect our results, please refer to the risk factors in our filings with the Securities and Exchange Commission. Progress Software assumes no obligation to update forward-looking statements included in this call.

Additionally, please note that all the financial figures referenced in this call are non-GAAP measures unless otherwise indicated. You can find a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP figures in our financial results press release, which was issued after the market closed today. This document contains additional information related to our financial results for the fourth quarter and full fiscal year 2024, and I recommend that

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