QTM - Should You Buy Progress Software?

Should you buy Progress Software (PRGS)? While the company does generate fantastic margins and substantial amounts of free cash, we need to see signs of its growth strategy working before jumping on.

Progress Software, the provider of app development platforms, has had another difficult year with growth again stagnating:

There is a huge improvement in GAAP operational performance as acquisitions from last year, like DataRPM and Kinvey, are absorbed and this reveals a rather profitable company.

Q3 Results

Here is an overview of how its different segments

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