See more : Stabilus S.A. (SBLUY) Income Statement Analysis – Financial Results
Complete financial analysis of Progress Software Corporation (PRGS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Progress Software Corporation, a leading company in the Software – Application industry within the Technology sector.
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Progress Software Corporation (PRGS)
About Progress Software Corporation
Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 694.44M | 602.01M | 531.31M | 442.15M | 413.30M | 397.17M | 397.57M | 405.34M | 377.55M | 332.53M | 334.00M | 335.21M | 533.60M | 529.12M | 494.14M | 515.56M | 493.50M | 447.06M | 405.38M | 362.66M | 309.06M | 273.12M | 262.00M | 271.35M | 286.10M | 239.90M | 188.30M | 176.70M | 180.10M | 139.20M | 111.60M | 85.10M | 58.30M | 40.10M | 25.40M |
| Cost of Revenue | 126.58M | 94.50M | 78.45M | 62.11M | 75.24M | 66.97M | 69.16M | 65.71M | 63.74M | 34.26M | 34.98M | 43.56M | 103.30M | 99.32M | 93.20M | 91.89M | 86.76M | 76.79M | 63.47M | 61.33M | 61.77M | 67.69M | 66.04M | 50.37M | 54.80M | 42.50M | 28.30M | 27.00M | 22.90M | 15.30M | 12.80M | 47.90M | 33.20M | 33.70M | 21.30M |
| Gross Profit | 567.86M | 507.52M | 452.86M | 380.04M | 338.06M | 330.19M | 328.41M | 339.63M | 313.81M | 298.27M | 299.01M | 291.64M | 430.30M | 429.80M | 400.94M | 423.67M | 406.74M | 370.28M | 341.91M | 301.34M | 247.29M | 205.44M | 195.96M | 220.97M | 231.30M | 197.40M | 160.00M | 149.70M | 157.20M | 123.90M | 98.80M | 37.20M | 25.10M | 6.40M | 4.10M |
| Gross Profit Ratio | 81.77% | 84.30% | 85.23% | 85.95% | 81.79% | 83.14% | 82.60% | 83.79% | 83.12% | 89.70% | 89.53% | 87.00% | 80.64% | 81.23% | 81.14% | 82.18% | 82.42% | 82.82% | 84.34% | 83.09% | 80.01% | 75.22% | 74.79% | 81.44% | 80.85% | 82.28% | 84.97% | 84.72% | 87.28% | 89.01% | 88.53% | 43.71% | 43.05% | 15.96% | 16.14% |
| Research & Development | 132.40M | 114.57M | 103.34M | 88.60M | 88.57M | 79.74M | 76.99M | 88.59M | 86.92M | 58.97M | 57.34M | 53.02M | 80.72M | 90.64M | 93.26M | 87.79M | 80.35M | 77.27M | 63.07M | 60.37M | 50.24M | 42.11M | 41.73M | 39.03M | 38.30M | 30.20M | 27.00M | 24.00M | 24.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 83.16M | 77.88M | 65.13M | 54.00M | 53.36M | 50.52M | 47.76M | 46.53M | 57.29M | 48.29M | 55.99M | 62.05M | 62.10M | 51.81M | 59.61M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 156.08M | 140.76M | 125.89M | 100.11M | 101.70M | 93.04M | 96.35M | 121.50M | 124.87M | 101.50M | 106.00M | 117.86M | 186.08M | 168.79M | 182.23M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 239.23M | 218.64M | 191.02M | 154.12M | 155.06M | 143.56M | 144.10M | 168.03M | 182.16M | 149.79M | 161.99M | 179.91M | 248.18M | 220.59M | 241.84M | 258.03M | 253.71M | 242.86M | 202.27M | 184.92M | 160.09M | 135.10M | 132.92M | 130.92M | 133.00M | 123.70M | 110.80M | 109.70M | 98.30M | 97.80M | 77.60M | 21.80M | 14.80M | 0.00 | 0.00 |
| Other Expenses | 85.71M | 47.47M | 32.00M | 20.05M | 22.26M | -7.02M | -5.03M | -5.57M | -2.40M | -2.94M | -957.00K | 196.00K | 8.02M | 10.45M | 9.05M | 6.43M | 15.48M | 7.36M | 7.68M | 7.08M | 0.00 | 0.00 | 0.00 | 12.33M | 13.30M | 13.60M | 12.90M | 11.50M | 9.00M | 6.30M | 3.80M | 2.30M | 1.70M | 1.30M | 900.00K |
| Operating Expenses | 457.34M | 380.67M | 326.35M | 262.77M | 265.89M | 236.54M | 234.13M | 269.36M | 281.83M | 209.41M | 220.09M | 233.89M | 336.91M | 321.69M | 344.15M | 352.25M | 349.53M | 327.48M | 273.02M | 252.37M | 210.34M | 177.21M | 174.65M | 182.28M | 184.60M | 167.50M | 150.70M | 145.20M | 131.50M | 104.10M | 81.40M | 24.10M | 16.50M | 1.30M | 900.00K |
| Cost & Expenses | 583.92M | 475.17M | 404.80M | 324.88M | 341.13M | 303.51M | 303.29M | 335.07M | 345.57M | 243.67M | 255.07M | 277.45M | 440.21M | 421.01M | 437.35M | 444.13M | 436.28M | 404.27M | 336.49M | 313.70M | 272.11M | 244.90M | 240.69M | 232.65M | 239.40M | 210.00M | 179.00M | 172.20M | 154.40M | 119.40M | 94.20M | 72.00M | 49.70M | 35.00M | 22.20M |
| Interest Income | 2.54M | 1.41M | 777.00K | 1.50M | 1.14M | 1.22M | 921.00K | 839.00K | 1.45M | 0.00 | 1.20M | 2.57M | 2.00M | 3.13M | 2.70M | 10.39M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 30.78M | 15.79M | 20.05M | 10.17M | 9.91M | 5.15M | 4.63M | 4.18M | 3.79M | 489.00K | 1.20M | 2.57M | 2.00M | 3.13M | 2.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 102.94M | 81.73M | 63.36M | 42.70M | 55.69M | 42.92M | 40.67M | 36.74M | 12.75M | 653.00K | 760.00K | 962.00K | 58.58M | 59.54M | 61.94M | 30.11M | 27.06M | 24.78M | 18.19M | 16.52M | 11.00M | 11.31M | 12.14M | 12.33M | 13.30M | 13.60M | 12.90M | 11.50M | 9.00M | 6.30M | 3.80M | 2.30M | 1.70M | 1.30M | 900.00K |
| EBITDA | 213.38M | 214.77M | 178.93M | 149.50M | 94.10M | 108.86M | 110.89M | 5.64M | 55.11M | 93.67M | 93.36M | 65.82M | 157.65M | 112.85M | 124.34M | 104.12M | 84.28M | 70.36M | 81.24M | 67.24M | 47.95M | 39.53M | 33.45M | 51.02M | 60.00M | 43.50M | 22.20M | 16.00M | 32.30M | 26.10M | 21.20M | 15.40M | 10.30M | 6.40M | 4.10M |
| EBITDA Ratio | 30.73% | 32.96% | 37.29% | 36.54% | 38.94% | 28.84% | 40.46% | 45.15% | 16.41% | 29.37% | 28.41% | 19.63% | 29.54% | 38.62% | 25.16% | 21.21% | 19.15% | 16.18% | 22.01% | 18.54% | 16.13% | 15.75% | 13.68% | 17.80% | 21.15% | 16.55% | 15.35% | 6.90% | 19.04% | 17.24% | 16.85% | 15.75% | 15.78% | 13.72% | 15.35% |
| Operating Income | 110.52M | 132.13M | 116.10M | 107.73M | 104.25M | 86.00M | 70.61M | -29.71M | 14.75M | 80.74M | 63.74M | 50.66M | 88.22M | 67.67M | 51.13M | 64.38M | 57.22M | 40.94M | 63.77M | 46.36M | 36.75M | 28.22M | 21.31M | 38.70M | 46.70M | 29.90M | 9.30M | 4.50M | 25.70M | 19.80M | 17.40M | 13.10M | 8.60M | 5.10M | 3.20M |
| Operating Income Ratio | 15.92% | 21.95% | 21.85% | 24.36% | 25.22% | 21.65% | 17.76% | -7.33% | 3.91% | 24.28% | 19.08% | 15.11% | 16.53% | 12.79% | 10.35% | 12.49% | 11.59% | 9.16% | 15.73% | 12.78% | 11.89% | 10.33% | 8.13% | 14.26% | 16.32% | 12.46% | 4.94% | 2.55% | 14.27% | 14.22% | 15.59% | 15.39% | 14.75% | 12.72% | 12.60% |
| Total Other Income/Expenses | -30.87M | -14.88M | -20.57M | -11.09M | -11.59M | -7.02M | 8.10M | -5.57M | -2.40M | -2.94M | -957.00K | -16.94M | -5.68M | -20.05M | -5.61M | 2.58M | 7.83M | 4.64M | 3.10M | -1.76M | 1.93M | 1.19M | 4.26M | 10.79M | 4.80M | 4.10M | -6.20M | 3.80M | 800.00K | 2.20M | 2.40M | 1.90M | 900.00K | 800.00K | 100.00K |
| Income Before Tax | 79.66M | 117.26M | 95.53M | 96.64M | 28.50M | 78.98M | 65.59M | -35.28M | 12.35M | 77.80M | 62.78M | 50.85M | 87.70M | 71.43M | 51.18M | 74.01M | 65.05M | 45.58M | 66.86M | 47.21M | 38.68M | 29.41M | 25.57M | 49.49M | 51.50M | 34.00M | 3.10M | 8.30M | 26.50M | 22.00M | 19.80M | 15.00M | 9.50M | 5.90M | 3.30M |
| Income Before Tax Ratio | 11.47% | 19.48% | 17.98% | 21.86% | 6.89% | 19.89% | 16.50% | -8.70% | 3.27% | 23.40% | 18.80% | 15.17% | 16.44% | 13.50% | 10.36% | 14.36% | 13.18% | 10.20% | 16.49% | 13.02% | 12.51% | 10.77% | 9.76% | 18.24% | 18.00% | 14.17% | 1.65% | 4.70% | 14.71% | 15.80% | 17.74% | 17.63% | 16.30% | 14.71% | 12.99% |
| Income Tax Expense | 9.46M | 22.19M | 17.11M | 16.91M | 2.10M | 15.49M | 28.17M | 20.45M | 21.16M | 28.35M | 23.01M | 17.44M | 28.94M | 22.86M | 18.43M | 27.71M | 22.77M | 16.18M | 17.93M | 15.11M | 11.60M | 8.82M | 7.93M | 15.84M | 16.50M | 11.20M | 4.70M | 2.80M | 9.80M | 7.60M | 6.90M | 5.40M | 3.40M | 2.10M | 1.10M |
| Net Income | 70.20M | 95.07M | 78.42M | 79.72M | 26.40M | 63.49M | 37.42M | -55.73M | -8.80M | 49.46M | 74.91M | 47.44M | 58.76M | 48.57M | 32.76M | 46.30M | 42.28M | 29.40M | 48.93M | 32.10M | 27.07M | 20.59M | 17.64M | 33.65M | 35.00M | 22.80M | -1.60M | 5.50M | 16.70M | 14.40M | 12.90M | 9.60M | 6.10M | 3.80M | 2.20M |
| Net Income Ratio | 10.11% | 15.79% | 14.76% | 18.03% | 6.39% | 15.99% | 9.41% | -13.75% | -2.33% | 14.87% | 22.43% | 14.15% | 11.01% | 9.18% | 6.63% | 8.98% | 8.57% | 6.58% | 12.07% | 8.85% | 8.76% | 7.54% | 6.73% | 12.40% | 12.23% | 9.50% | -0.85% | 3.11% | 9.27% | 10.34% | 11.56% | 11.28% | 10.46% | 9.48% | 8.66% |
| EPS | 1.62 | 2.19 | 1.79 | 1.78 | 0.59 | 1.39 | 0.78 | -1.13 | -0.17 | 0.97 | 1.37 | 0.75 | 0.89 | 0.76 | 0.54 | 0.75 | 0.68 | 0.48 | 0.85 | 0.55 | 0.47 | 0.39 | 0.33 | 0.63 | 0.68 | 0.44 | -0.03 | 0.09 | 0.27 | 0.26 | 0.23 | 0.17 | 0.12 | 0.09 | 0.05 |
| EPS Diluted | 1.57 | 2.15 | 1.76 | 1.76 | 0.58 | 1.38 | 0.77 | -1.13 | -0.17 | 0.96 | 1.35 | 0.74 | 0.87 | 0.73 | 0.53 | 0.72 | 0.64 | 0.45 | 0.79 | 0.51 | 0.43 | 0.36 | 0.31 | 0.57 | 0.60 | 0.39 | -0.03 | 0.09 | 0.27 | 0.25 | 0.23 | 0.17 | 0.12 | 0.09 | 0.05 |
| Weighted Avg Shares Out | 43.46M | 43.48M | 43.92M | 44.89M | 44.79M | 45.56M | 48.13M | 49.32M | 50.39M | 50.84M | 54.52M | 62.88M | 65.71M | 63.96M | 60.15M | 61.55M | 62.33M | 61.46M | 57.34M | 58.72M | 57.20M | 53.13M | 53.17M | 53.70M | 51.73M | 51.69M | 54.50M | 59.71M | 61.10M | 55.38M | 56.91M | 55.38M | 50.83M | 43.85M | 41.25M |
| Weighted Avg Shares Out (Dil) | 44.66M | 44.25M | 44.62M | 45.32M | 45.34M | 46.14M | 48.52M | 49.48M | 50.39M | 51.47M | 55.38M | 63.74M | 67.54M | 66.21M | 61.56M | 64.02M | 65.91M | 64.90M | 62.14M | 63.36M | 62.48M | 57.20M | 57.64M | 59.38M | 58.82M | 57.84M | 54.50M | 60.00M | 61.10M | 58.38M | 56.91M | 55.38M | 50.83M | 43.85M | 41.25M |
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