Progress Software Corporation (NASDAQ: PRGS) saw a 13% drop in stock value after reporting its fiscal Q2 2025 results on June 30. Revenue for the quarter rose to $237 million, marking a 36% year-over-year growth. Annualized recurring revenue increased 46% to $838 million, with an operating margin of 16%. Diluted earnings per share were $0.39 in fiscal Q2 2025, up 5% from the previous year. While PRGS is a solid investment, some believe AI stocks offer greater upside potential. The company provides products like Chef, Corticon, and DataDirect for developing business applications.

Read more at Yahoo Finance: Oppenheimer Maintains a Buy on Progress Software Corporation (PRGS), Sets a $70 PT