in a little while; soon: They will be here presently.
at the present time; now: He is presently out of the country.
Archaic. immediately.

1350–1400; Middle English; see present1, -ly

currently, immediately, momentarily, now, presently, soon (see synonym study at immediately)(see usage note at the current entry).

1. shortly, forthwith.

1. later.

The two apparently contradictory meanings of presently, “in a little while, soon” and “at the present time, now,” are both old in the language. In the latter meaning presently dates back to the 15th century. It is currently in standard use in all varieties of speech and writing in both Great Britain and the United States. The sense “soon” arose gradually during the 16th century. Strangely, it is the older sense “now” that is sometimes objected to by usage guides. The two senses are rarely if ever confused in actual practice. Presently meaning “now” is most often used with the present tense (The professor is presently on sabbatical leave) and presently meaning “soon” often with the future tense (The supervisor will be back presently). The semantic development of presently parallels that of anon, which first had the meaning, now archaic, of “at once, immediately,” but later came to mean “soon.” Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
presently (ˈprɛzəntlɪ)
1.  in a short while; soon
2.  at the moment
3.  an archaic word for immediately

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

late 14c., "immediately," from present (adj.). By 1560s it had relaxed into "sooner or later."
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Perhaps you might know someone who is presently growing hops who would give you
  a root cutting in the dormant season.
It is a beautifully-produced volume that is among the best summaries of
  dinosaur science presently available.
Thanks to an infusion of government funding, however, construction on a new
  visitor center is presently underway.
The fossils are presently under the jurisdiction of a federal bankruptcy court.
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