See more : Coremax Corporation (4739.TW) 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 |
Progress Software (PRGS) to Post Q4 Earnings: What's in Store?
Progress Software's (PRGS) fourth-quarter fiscal 2023 results are likely to reflect gains from a strong portfolio that comprises OpenEdge and Sitefinity solutions.
Progress Named a Top Place to Work and 2023 DEI Champion by The Boston Globe
Company received multiple awards for culture and commitment to inclusion and diversity in the second half of 2023 BURLINGTON, Mass., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it earned...
Progress Software to Report Fourth Quarter and Fiscal Year 2023 Financial Results on January 16, 2024
BURLINGTON, Mass., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal fourth quarter and fiscal year 2023 after the market close on Tuesday, January 16, 2024.
Progress Wins Gold in the 2023 SoftwareReviews Data Quadrant Awards for Metadata Management
Based on user reviews, Progress Semaphore ranks #1 for the third consecutive year, with the highest marks for usability, breadth and quality of features, business value created and more BURLINGTON, Mass., Dec. 12, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS),...
Progress Recognized as a 2023 Gartner® Peer Insights™ Customers' Choice for Digital Experience Platforms
Large and midsize enterprise customers from around the world recommend the Progress Digital Experience (DX) Solution BURLINGTON, Mass., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced it has...
Progress Accelerates Digital Modernization Using Generative AI and Enhanced Data Connectivity with Latest Release of Sitefinity
Progress Sitefinity 15 empowers marketers with generative AI capabilities and enhanced data connectivity for a unified customer view and accelerated delivery of personalized experiences BURLINGTON, Mass., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the trusted provider of application...
Sensing Clues Saves Wildlife Using Geospatial Intelligence with Progress
Using MarkLogic Data Hub, the Dutch nonprofit created a 360-degree view of protected nature areas to give rangers better situational awareness and help prevent animal poaching
Progress Enables Application Developers to Easily Meet UI Design Requirements and Accessibility Standards with New Release
Latest R3 2023 release offers new components for .NET MAUI, Blazor and more that enable developers to build modern applications faster with expanded design system tooling, advanced data visualizations, WCAG 2.2 accessibility, Content Security Policy (CSP) compliance, and more BURLINGTON,...
Progress Unveils AI-powered Contextual Threat Event Analysis with Latest Release of Flowmon
Flowmon Anomaly Detection System (ADS) 12.2 offers new capabilities to manage the growing volume of cyber threats with speed and precision BURLINGTON, Mass., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure...
SEC is investigating MOVEit mass-hack, says Progress Software
U.S. securities regulators have opened a probe into the MOVEit mass-hack that has exposed the personal data of at least 64 million people, according to the company that made the affected software. In a regulatory filing this week, Progress Software...
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