• Despite a lack of organic growth as it operates a mature business, the company has come up with a growth strategy.
• Growth for shareholders occurs mainly through accretive acquisitions and share buybacks, and this strategy is working.
• Q1 results and guidance surprised on the upside but the shares are likely to have to digest last week’s jump first, though we see some further upside to them longer term.

Source: Progress Software Shares Jump, What’s Next? – Progress Software Corporation (NASDAQ:PRGS) | Seeking Alpha