Progress Software introduces AI upgrades to Sitefinity, driving engagement and revenue growth

From Nasdaq: 2025-04-15 10:56:00

Progress Software has introduced AI-powered upgrades to its Sitefinity content management platform, enhancing digital customer engagement. The new release includes embedded Generative AI services for content summarization and personalization. Progress Software reported a surge in annualized recurring revenues for the fiscal first quarter, driven by strong performance in core products like Sitefinity. The company projects positive revenue and earnings growth for Q2 and fiscal 2025. Despite facing stiff competition in the AI space, Progress Software’s strategic focus on AI integration aligns with industry trends and aims to improve user experiences. The company’s AI push is aligned with peers like Oracle and Adobe, who are also accelerating AI adoption. Oracle has deepened its collaboration with NVIDIA to offer AI tools and infrastructure, while Adobe has launched AI-driven creative and analytics tools. Progress Software’s AI integration strategy focuses on driving automation, enhancing customer value, and simplifying content workflows. The company has offered positive revenue and earnings guidance for Q2 and fiscal 2025, expecting significant year-over-year growth. Progress Software currently carries a Zacks Rank #3 (Hold).



Read more at Nasdaq: Will PRGS’ AI-Powered Upgrades to Sitefinity Drive the Stock Upward?