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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 |
Progress Software Corp. Statement regarding Possible Offer for MariaDB plc
POSSIBLE OFFER (RULE 2.4 ANNOUNCEMENT) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS IS AN...
Progress Partners with Veeam Software to Deliver AI-Powered Network Detection and Response to Global Enterprises
New partnership combines the advanced network detection and response (NDR) capabilities of Progress Flowmon with Veeam Data Platform to help secure customers' critical data BURLINGTON, Mass., March 26, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure...
Progress Software (PRGS) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
Progress Software (PRGS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Why Progress Software (PRGS) Might Surprise This Earnings Season
Progress Software (PRGS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Progress Receives 2024 Emotional Footprint Award for Metadata Management from SoftwareReviews
Based on user reviews, Progress Semaphore ranks #1 for third consecutive year with the highest scores across all categories BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that Progress®...
Progress Software to Report First Quarter 2024 Financial Results on March 26, 2024
BURLINGTON, Mass., March 12, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal first quarter of 2024 after the market close on Tuesday, March 26, 2024.
ABN AMRO Moves Progress-Powered Credit Store App to Azure Cloud; Achieves 40% Faster Data Processing, Lower TCO and Improved Business Resilience
ABN AMRO becomes the first bank in Europe to bring its Progress MarkLogic-powered application to Microsoft Azure BURLINGTON, Mass., March 12, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that ABN AMRO Bank, one...
Progress Recognized by Gartner® in the 2024 Magic Quadrant™ for Digital Experience Platforms for Third Consecutive Year
BURLINGTON, Mass., March 11, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced it has been recognized in the 2024 Gartner Magic Quadrant for Digital Experience Platforms1 for the third year in a row.
Progress Announces Amended Credit Facility
New $900M facility provides liquidity and flexibility at greater scale BURLINGTON, Mass., March 07, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced that it has entered into a Fourth Amended and Restated...
Why Progress Software (PRGS) Could Beat Earnings Estimates Again
Progress Software (PRGS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Source: https://incomestatements.info
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