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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 Announces Upsize and Pricing of Convertible Senior Notes Offering
BURLINGTON, Mass., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Progress Software Corporation (NASDAQ: PRGS) (“Progress”) today announced the pricing of its private offering of $400.0 million aggregate principal amount of 3.50% Convertible Senior Notes due 2030 (the “Notes”) to persons reasonably...
Progress Software Announces Proposed Convertible Senior Notes Offering
BURLINGTON, Mass., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Progress Software Corporation (NASDAQ: PRGS) (“Progress”) today announced that it intends to offer, subject to market and other conditions, $350.0 million aggregate principal amount of Convertible Senior Notes due 2030 (the “Notes”),...
Progress Enables Developers to Accelerate Application Modernization with Latest Release of OpenEdge
With new features such as incremental build support, OpenTelemetry integration and dynamic data masking, developers can build robust, more secure business applications while optimizing performance BURLINGTON, Mass., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of...
Progress Chief Inclusion and Diversity Officer Selected as a Keynote Speaker for Bulgaria's Academy for Diversity, Equity and Inclusion
As the only international speaker, Dr. Shirley Knowles will discuss the benefits of diversity in the workplace and society alongside Bulgarian leaders from HPE, Coca-Cola HBC, Siemens and Shell Oil BURLINGTON, Mass., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq:...
Now Accepting Applications for the 2024 Progress Software Mary Székely Scholarship for Women in STEM
Part of the global Progress Women in STEM scholarship series, the US scholarship is designed to empower the next generation of extraordinary women leaders in science, technology, engineering and mathematics BURLINGTON, Mass., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq:...
Progress' (PRGS) Q4 Earnings Top Estimates, Revenues Up Y/Y
Progress' (PRGS) fourth-quarter fiscal 2023 results benefit from strong subscription license revenues and robust demand for OpenEdge and MarkLogic offerings.
Progress Software Corporation (PRGS) Q4 2023 Earnings Call Transcript
Progress Software Corporation (PRGS) Q4 2023 Earnings Call Transcript
Progress Software (PRGS) Reports Q4 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Progress Software (PRGS) give a sense of how its business performed in the quarter ended November 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
Progress Software (PRGS) Q4 Earnings and Revenues Surpass Estimates
Progress Software (PRGS) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.12 per share a year ago.
Progress Reports 2023 Fiscal Fourth Quarter and Year End Results
Fourth Quarter Revenues and Earnings Per Share Ahead of EstimatesARR Growth of 17% Year-over-Year BURLINGTON, Mass., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced financial results for its fiscal fourth quarter...
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Category: Stock Reports