Progress Software Corp /MaPRGS

NasdaqTechnologyServices-Prepackaged Software
Price (close)
$40.23
Market cap
$1.7B
P/E
18.7x
Revenue (TTM)
$1.0B
Net income
$89.0M
Dividend yield
—
1-year total return
-2.4%
Net margin
8.9%
Revenue growth
15.5%
Debt / equity
2.55x

What Progress Software Corp /Ma does.

Progress Software Corporation ("Progress," the "Company," "we," "us," or "our") provides software products that enable our customers to develop, deploy, and manage responsible AI-powered applications and digital experiences with agility and ease. We operate in North America, Latin America, Europe, the Middle East and Africa ("EMEA"), and Asia and Australia ("Asia Pacific"), through local subsidiaries as well as independent distributors.

A key element of our strategy is centered on the goal of building and maintaining leading products and tools organizations need to build, deploy, and manage modern, strategic business applications. We offer our products and tools to both new customers and partners, as well as our existing partner and customer ecosystems.

Our organizational philosophy and operating principles focus primarily on customer and partner retention and success, and a streamlined operating approach to drive predictable and stable recurring revenue and high levels of profitability.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$442.1M$531.3M$602.0M$694.4M$753.4M$977.8M
Net income$79.7M$78.4M$95.1M$70.2M$68.4M$73.1M
Free cash flow$138.3M$173.9M$186.1M$168.3M$206.3M$229.5M

More on PRGS.

Figures from Progress Software Corp /Ma's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.