Progress Software Corporation (PRGS) 10-Year Financial Performance & Capital Metrics

PRGS • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

AboutProgress 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.Show more

Revenue $753M +8.5%
EBITDA $122M -43.0%
Net Income $68M -2.5%
EPS (Diluted) 1.54 -1.9%
Gross Margin 82.68% +1.1%
EBITDA Margin 16.16% -47.4%
Operating Margin 16.46% +3.4%
Net Margin 9.08% -10.1%
ROE 15.23% -7.4%
ROIC 6.26% -29.5%
Debt/Equity 3.56 +116.1%
Interest Coverage 3.87 +7.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 21.0%
✓FCF machine: 27.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 12.8%
✓Good 3Y average ROE of 18.4%
✓Healthy 5Y average net margin of 13.6%

✗Weaknesses

✗High debt to equity ratio of 3.6x
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.52%

5Y12.76%

3Y12.35%

TTM31.41%

Profit (Net Income) CAGR

10Y3.3%

5Y20.99%

3Y-4.44%

TTM-41.26%

EPS CAGR

10Y4.84%

5Y21.57%

3Y-4.35%

TTM-41.42%

ROCE

10Y Avg10.53%

5Y Avg11.45%

3Y Avg9.77%

Latest7.46%

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.54B	18.88	342.65	31.39%	2.4%	26.3%	10.16%	1.64
DDOGDatadog, Inc.	39.33B	120.86	236.98	26.12%	3.32%	3.1%	2.13%	0.68
PEGAPegasystems Inc.	9B	53.00	96.36	4.51%	16.05%	46.57%	3.76%	0.94
SAPSAP SE	274.66B	235.84	89.00	9.51%	19.41%	13.94%	1.61%	0.23
TYLTyler Technologies, Inc.	19.2B	446.15	73.74	9.53%	13.72%	8.75%	3.15%	0.19
FICOFair Isaac Corporation	37.49B	1581.19	59.58	15.91%	32.75%		2.05%
DSGXThe Descartes Systems Group Inc.	7.62B	88.57	54.01	13.63%	22.1%	10%	2.79%	0.01
MANHManhattan Associates, Inc.	10.58B	175.57	50.02	12.23%	20.25%	69.86%	2.71%	0.16

Profit & Loss

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Sales/Revenue+	377.55M	405.34M	397.57M	397.17M	413.3M	442.15M	531.31M	602.01M	694.44M	753.41M
Revenue Growth %	0.14%	0.07%	-0.02%	-0%	0.04%	0.07%	0.2%	0.13%	0.15%	0.08%
Cost of Goods Sold+	63.74M	65.71M	69.16M	66.97M	75.24M	62.11M	78.45M	94.5M	126.58M	130.48M
COGS % of Revenue	0.17%	0.16%	0.17%	0.17%	0.18%	0.14%	0.15%	0.16%	0.18%	0.17%
Gross Profit+	313.81M	339.63M	328.41M	330.19M	338.06M	380.04M	452.86M	507.52M	567.86M	622.93M
Gross Margin %	0.83%	0.84%	0.83%	0.83%	0.82%	0.86%	0.85%	0.84%	0.82%	0.83%
Gross Profit Growth %	0.05%	0.08%	-0.03%	0.01%	0.02%	0.12%	0.19%	0.12%	0.12%	0.1%
Operating Expenses+	281.83M	269.36M	234.13M	236.54M	265.89M	262.76M	326.35M	380.67M	457.34M	498.92M
OpEx % of Revenue	0.75%	0.66%	0.59%	0.6%	0.64%	0.59%	0.61%	0.63%	0.66%	0.66%
Selling, General & Admin	182.16M	168.03M	144.1M	143.56M	155.06M	154.12M	191.02M	218.64M	239.23M	254.09M
SG&A % of Revenue	0.48%	0.41%	0.36%	0.36%	0.38%	0.35%	0.36%	0.36%	0.34%	0.34%
Research & Development	86.92M	88.59M	76.99M	79.74M	88.57M	88.6M	103.34M	114.57M	132.4M	146.34M
R&D % of Revenue	0.23%	0.22%	0.19%	0.2%	0.21%	0.2%	0.19%	0.19%	0.19%	0.19%
Other Operating Expenses	-2.4M	-5.57M	-5.03M	-7.02M	22.25M	20.05M	32M	47.47M	85.7M	98.49M
Operating Income+	14.75M	-29.71M	70.61M	86M	104.25M	107.73M	116.1M	132.13M	110.52M	124M
Operating Margin %	0.04%	-0.07%	0.18%	0.22%	0.25%	0.24%	0.22%	0.22%	0.16%	0.16%
Operating Income Growth %	-0.82%	-3.01%	3.38%	0.22%	0.21%	0.03%	0.08%	0.14%	-0.16%	0.12%
EBITDA+	27.5M	7.03M	111.29M	128.91M	159.94M	150.43M	179.46M	213.86M	213.47M	121.73M
EBITDA Margin %	0.07%	0.02%	0.28%	0.32%	0.39%	0.34%	0.34%	0.36%	0.31%	0.16%
EBITDA Growth %	-0.66%	-0.74%	14.83%	0.16%	0.24%	-0.06%	0.19%	0.19%	-0%	-0.43%
D&A (Non-Cash Add-back)	12.74M	36.74M	40.67M	42.92M	55.69M	42.7M	63.35M	81.73M	102.94M	-2.27M
EBIT	16.14M	-31.1M	70.22M	65.94M	38.41M	106.81M	115.58M	133.04M	110.44M	126.28M
Net Interest Income+	-2.34M	-3.34M	-3.71M	-3.93M	-8.77M	-8.68M	-19.27M	-14.38M	-28.24M	-27.28M
Interest Income	1.45M	839K	921K	1.22M	1.14M	1.5M	777K	1.41M	2.54M	4.73M
Interest Expense	3.79M	4.18M	4.63M	5.15M	9.91M	10.17M	20.05M	15.79M	30.78M	32.01M
Other Income/Expense	-2.4M	-5.57M	8.1M	-7.02M	-11.59M	-11.09M	-20.57M	-14.88M	-30.87M	-29.74M
Pretax Income+	12.35M	-35.28M	65.59M	78.98M	28.5M	96.64M	95.53M	117.25M	79.66M	94.26M
Pretax Margin %	0.03%	-0.09%	0.16%	0.2%	0.07%	0.22%	0.18%	0.19%	0.11%	0.13%
Income Tax+	21.16M	20.45M	28.17M	15.49M	2.1M	16.91M	17.11M	22.19M	9.46M	25.83M
Effective Tax Rate %	-0.71%	1.58%	0.57%	0.8%	0.93%	0.82%	0.82%	0.81%	0.88%	0.73%
Net Income+	-8.8M	-55.73M	37.42M	63.49M	26.4M	79.72M	78.42M	95.07M	70.2M	68.44M
Net Margin %	-0.02%	-0.14%	0.09%	0.16%	0.06%	0.18%	0.15%	0.16%	0.1%	0.09%
Net Income Growth %	-1.18%	-5.33%	1.67%	0.7%	-0.58%	2.02%	-0.02%	0.21%	-0.26%	-0.03%
Net Income (Continuing)	-8.8M	-55.73M	37.42M	49.67M	26.4M	79.72M	78.42M	95.07M	70.2M	68.44M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.17	-1.13	0.77	1.38	0.58	1.76	1.76	2.15	1.57	1.54
EPS Growth %	-1.18%	-5.65%	1.68%	0.79%	-0.58%	2.03%	0%	0.22%	-0.27%	-0.02%
EPS (Basic)	-0.17	-1.13	0.78	1.39	0.59	1.78	1.79	2.19	1.62	1.58
Diluted Shares Outstanding	50.39M	49.48M	48.52M	46.13M	45.34M	45.32M	44.62M	44.25M	44.66M	44.43M
Basic Shares Outstanding	50.39M	49.32M	48.13M	45.56M	44.79M	44.89M	43.92M	43.48M	43.46M	43.27M
Dividend Payout Ratio	-	-	0.64%	0.41%	1.05%	0.38%	0.4%	0.33%	0.45%	0.46%

Balance Sheet

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Total Current Assets+	323.41M	336.05M	263.41M	228.82M	284.67M	238.94M	337.81M	421.54M	330.79M	368.81M
Cash & Short-Term Investments	241.28M	249.75M	183.61M	139.51M	173.69M	106M	157.37M	251.76M	126.96M	118.08M
Cash Only	212.38M	207.04M	133.46M	105.13M	154.26M	97.99M	155.41M	256.28M	126.96M	118.08M
Short-Term Investments	28.9M	42.72M	50.15M	34.39M	19.43M	8.01M	1.97M	256.28M	0	0
Accounts Receivable	66.46M	65.68M	61.21M	61.14M	83.7M	108.96M	125.63M	126.99M	155.79M	198.25M
Days Sales Outstanding	64.25	59.14	56.2	56.18	73.92	89.95	86.31	77	81.88	96.04
Inventory	0	0	0	5.78M	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	31.48	-	-	-	-	-	-
Other Current Assets	15.67M	20.62M	18.59M	30.86M	27.28M	23.98M	54.8M	42.78M	48.04M	52.49M
Total Non-Current Assets+	553.71M	418.77M	455.31M	411.79M	596.61M	802.85M	1.03B	985.43M	1.27B	2.16B
Property, Plant & Equipment	54.23M	50.1M	42.26M	30.71M	29.77M	60.45M	39.6M	32.5M	33.94M	44.64M
Fixed Asset Turnover	6.96x	8.09x	9.41x	12.93x	13.89x	7.31x	13.42x	18.52x	20.46x	16.88x
Goodwill	369.99M	278.07M	315.04M	314.99M	432.82M	491.73M	671.15M	671.04M	832.1M	1.29B
Intangible Assets	114.11M	80.83M	94.89M	58.92M	99.39M	212.75M	287.19M	217.35M	354.28M	723.57M
Long-Term Investments	-10.97M	-6.6M	-1.12M	-1.92M	-6.11M	2.64M	16.05M	44.34M	28.37M	34.87M
Other Non-Current Assets	15.39M	9.78M	3.12M	7.17M	22.13M	20.79M	10.33M	8.43M	8.26M	6.72M
Total Assets+	877.12M	754.83M	718.72M	640.61M	881.27M	1.04B	1.36B	1.41B	1.6B	2.53B
Asset Turnover	0.43x	0.54x	0.55x	0.62x	0.47x	0.42x	0.39x	0.43x	0.43x	0.30x
Asset Growth %	0.25%	-0.14%	-0.05%	-0.11%	0.38%	0.18%	0.31%	0.03%	0.14%	0.58%
Total Current Liabilities+	199.92M	203.74M	208.02M	196.02M	240.88M	262.54M	322.93M	318M	352.12M	455.14M
Accounts Payable	11.19M	12.99M	9M	10.59M	10.6M	9.98M	9.68M	9.28M	12.37M	13.91M
Days Payables Outstanding	64.06	72.16	47.5	57.73	51.44	58.63	45.05	35.85	35.67	38.91
Short-Term Debt	9.38M	15M	5.82M	5.82M	10.72M	25.26M	33.69M	13.71M	23.22M	9.2M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	21.46M	0	0	7M	26.18M	37.7M	47.12M	43.11M	47.82M	90.69M
Current Ratio	1.62x	1.65x	1.27x	1.17x	1.18x	0.91x	1.05x	1.33x	0.94x	0.81x
Quick Ratio	1.62x	1.65x	1.27x	1.14x	1.18x	0.91x	1.05x	1.33x	0.94x	0.81x
Cash Conversion Cycle	-	-	-	29.93	-	-	-	-	-	-
Total Non-Current Liabilities+	154.74M	144.46M	134.62M	134.51M	310.1M	433.23M	628.12M	694.97M	790.95M	1.63B
Long-Term Debt	135M	120M	116.09M	110.27M	284M	364.26M	534.53M	611.85M	710.88M	1.53B
Capital Lease Obligations	0	0	0	0	0	26.97M	23.13M	15.04M	13M	26.26M
Deferred Tax Liabilities	7.11M	3.9M	2.81M	3.8M	3K	0	14.16M	4.63M	3.57M	2.28M
Other Non-Current Liabilities	3.79M	11.76M	5.97M	5.32M	6.35M	15.09M	8.94M	8.69M	4.55M	5.96M
Total Liabilities	354.66M	348.2M	342.63M	330.53M	550.99M	695.77M	951.05M	1.01B	1.14B	2.09B
Total Debt+	144.38M	135M	121.91M	116.09M	294.72M	423.5M	599.28M	640.59M	757.22M	1.56B
Net Debt	-68M	-72.04M	-11.55M	10.96M	140.46M	325.51M	443.87M	384.31M	630.26M	1.44B
Debt / Equity	0.28x	0.33x	0.32x	0.37x	0.89x	1.22x	1.45x	1.63x	1.65x	3.56x
Debt / EBITDA	5.25x	19.21x	1.10x	0.90x	1.84x	2.82x	3.34x	3.00x	3.55x	12.83x
Net Debt / EBITDA	-2.47x	-10.25x	-0.10x	0.09x	0.88x	2.16x	2.47x	1.80x	2.95x	11.86x
Interest Coverage	3.89x	-7.11x	15.25x	16.70x	10.52x	10.59x	5.79x	8.37x	3.59x	3.87x
Total Equity+	522.46M	406.63M	376.08M	310.08M	330.28M	346.01M	412.49M	393.99M	459.71M	438.79M
Equity Growth %	-0.04%	-0.22%	-0.08%	-0.18%	0.07%	0.05%	0.19%	-0.04%	0.17%	-0.05%
Book Value per Share	10.37	8.22	7.75	6.72	7.28	7.63	9.24	8.90	10.29	9.88
Total Shareholders' Equity	522.46M	406.63M	376.08M	310.08M	330.28M	346.01M	412.49M	393.99M	459.71M	438.79M
Common Stock	227.93M	239.5M	249.84M	267.05M	295.95M	306.24M	354.68M	332.08M	438K	434K
Retained Earnings	294.53M	167.13M	126.25M	43.03M	34.33M	39.77M	57.81M	61.91M	120.86M	120.41M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-24.63M	-28.56M	-19M	-28.21M	-29.97M	-32.78M	-32.44M	-35.23M	-32.16M	-36.21M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Cash from Operations+	104.54M	102.84M	105.69M	121.35M	128.48M	144.85M	178.53M	192.16M	173.92M	211.49M
Operating CF Margin %	0.28%	0.25%	0.27%	0.31%	0.31%	0.33%	0.34%	0.32%	0.25%	0.28%
Operating CF Growth %	-0.03%	-0.02%	0.03%	0.15%	0.06%	0.13%	0.23%	0.08%	-0.09%	0.22%
Net Income	-8.8M	-55.73M	37.42M	63.49M	26.4M	79.72M	78.42M	95.07M	70.2M	68.44M
Depreciation & Amortization	41.68M	39.32M	42.9M	44.5M	56.68M	34.77M	61.18M	76.84M	103.15M	103.04M
Stock-Based Compensation	24M	22.54M	14.15M	20.57M	23.31M	23.48M	29.72M	37.09M	40.53M	46.76M
Deferred Taxes	-1.84M	1.31M	474K	2.04M	-14.87M	-2.62M	-908K	-7.6M	-28.64M	-7.75M
Other Non-Cash Items	3.85M	96.51M	-442K	5.8M	25.02M	8.91M	10.67M	-2.21M	12.03M	15.79M
Working Capital Changes	45.66M	-1.1M	11.19M	-15.04M	11.95M	591K	-556K	-7.03M	-23.34M	-14.79M
Change in Receivables	3.75M	647K	6.44M	2.07M	-24.66M	10.68M	-36.76M	-27.25M	12.12M	-45.88M
Change in Inventory	6.66M	-3.82M	3.71M	-13.22M	24.66M	-10.68M	245K	-1.56M	2.49M	0
Change in Payables	-370K	-3.09M	673K	-11.84M	9.12M	-4.97M	5.49M	-3.58M	-1.24M	28.92M
Cash from Investing+	-260.21M	-21M	-80.53M	7.59M	-223.15M	-218.69M	-258.62M	-6.09M	-360.38M	-857.91M
Capital Expenditures	-8.85M	-5.79M	-3.38M	-7.25M	-4M	-6.52M	-4.65M	-6.09M	-5.57M	-5.21M
CapEx % of Revenue	0.02%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-36K	-15.22M	8.82M	14.84M	-8.62M	-10.5M	2.33M	-1.95M	0	0
Cash from Financing+	118.3M	-82.19M	-91.3M	-146.77M	128.84M	6.15M	131.46M	-91.68M	51.19M	640.82M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-24.13M	-25.79M	-27.76M	-29.9M	-31.56M	-31.06M	-31.55M	-31.46M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	12.42M	436K	-270K	5.21M	7.65M	11.1M	-28.93M	-10.09M	25.96M	-66.2M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	95.69M	97.06M	102.31M	114.1M	124.49M	138.33M	173.88M	186.07M	168.35M	206.29M
FCF Margin %	0.25%	0.24%	0.26%	0.29%	0.3%	0.31%	0.33%	0.31%	0.24%	0.27%
FCF Growth %	-0%	0.01%	0.05%	0.12%	0.09%	0.11%	0.26%	0.07%	-0.1%	0.23%
FCF per Share	1.90	1.96	2.11	2.47	2.75	3.05	3.90	4.21	3.77	4.64
FCF Conversion (FCF/Net Income)	-11.88x	-1.85x	2.82x	1.91x	4.87x	1.82x	2.28x	2.02x	2.48x	3.09x
Interest Paid	2.73M	3.16M	3.6M	4.22M	8.67M	9.18M	8.54M	8.57M	39.77M	21.77M
Taxes Paid	17.04M	22.03M	25.99M	25.45M	16.34M	16.11M	25.91M	28.68M	39.77M	32.39M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-1.65%	-12%	9.56%	18.51%	8.25%	23.58%	20.68%	23.58%	16.45%	15.23%
Return on Invested Capital (ROIC)	3.01%	-5.65%	15.15%	18.82%	19.75%	14.15%	11.4%	12.12%	8.87%	6.26%
Gross Margin	83.12%	83.79%	82.6%	83.14%	81.8%	85.95%	85.23%	84.3%	81.77%	82.68%
Net Margin	-2.33%	-13.75%	9.41%	15.99%	6.39%	18.03%	14.76%	15.79%	10.11%	9.08%
Debt / Equity	0.28x	0.33x	0.32x	0.37x	0.89x	1.22x	1.45x	1.63x	1.65x	3.56x
Interest Coverage	3.89x	-7.11x	15.25x	16.70x	10.52x	10.59x	5.79x	8.37x	3.59x	3.87x
FCF Conversion	-11.88x	-1.85x	2.82x	1.91x	4.87x	1.82x	2.28x	2.02x	2.48x	3.09x
Revenue Growth	13.54%	7.36%	-1.92%	-0.1%	4.06%	6.98%	20.17%	13.31%	15.35%	8.49%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Maintenance and Services	-	-	-	275.03M	290.75M	326.9M	374.72M	413.68M	473.65M	504.08M
Maintenance and Services Growth	-	-	-	-	5.72%	12.44%	14.63%	10.40%	14.50%	6.42%
Software Licenses	-	-	-	122.14M	4.89M	-	156.59M	188.34M	220.79M	249.33M
Software Licenses Growth	-	-	-	-	-95.99%	-	-	20.27%	17.23%	12.93%
Amortization Of Acquired Intangibles	-	-	-	22.73M	-	-	-	-	-	-
Amortization Of Acquired Intangibles Growth	-	-	-	-	-	-	-	-	-	-
OpenEdge	295.93M	276.27M	276.17M	-	-	-	-	-	-	-
OpenEdge Growth	-	-6.65%	-0.03%	-	-	-	-	-	-	-
Application Development and Deployment	43.69M	81.06M	80.44M	-	-	-	-	-	-	-
Application Development and Deployment Growth	-	85.53%	-0.76%	-	-	-	-	-	-	-
Data Connectivity	37.93M	48.01M	40.95M	-	-	-	-	-	-	-
Data Connectivity Growth	-	26.59%	-14.69%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	193.66M	212.31M	206.45M	204.15M	213.25M	240.72M	294.95M	310.92M	380.67M	421.89M
UNITED STATES Growth	-	9.63%	-2.76%	-1.11%	4.46%	12.88%	22.53%	5.41%	22.44%	10.83%
EMEA	-	-	-	137.97M	137.3M	143.75M	169.34M	207.71M	222.86M	245.29M
EMEA Growth	-	-	-	-	-0.49%	4.70%	17.79%	22.66%	7.30%	10.06%
Asia Pacific	28.22M	24.16M	22.11M	21.63M	22.42M	22.82M	27.13M	35.1M	38.8M	40.82M
Asia Pacific Growth	-	-14.38%	-8.49%	-2.17%	3.64%	1.80%	18.86%	29.38%	10.53%	5.22%
CANADA	13.9M	16.89M	17.49M	15.77M	20.66M	20.28M	22.87M	30.24M	31M	25.11M
CANADA Growth	-	21.51%	3.56%	-9.84%	30.99%	-1.83%	12.75%	32.23%	2.52%	-19.01%
Latin America	17.59M	21.16M	21.16M	17.64M	19.66M	14.57M	17.04M	18.05M	21.11M	20.3M
Latin America Growth	-	20.25%	0.01%	-16.64%	11.50%	-25.89%	16.89%	5.97%	16.94%	-3.82%
Europe Middle East Africa	124.17M	130.82M	130.36M	-	-	-	-	-	-	-
Europe Middle East Africa Growth	-	5.35%	-0.35%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Progress Software Corporation (PRGS) has a price-to-earnings (P/E) ratio of 26.6x. This suggests investors expect higher future growth.

Growth & Financials

Progress Software Corporation (PRGS) reported $940.1M in revenue for fiscal year 2024. This represents a 76% increase from $533.6M in 2011.

Progress Software Corporation (PRGS) grew revenue by 8.5% over the past year. This is steady growth.

Yes, Progress Software Corporation (PRGS) is profitable, generating $48.5M in net income for fiscal year 2024 (9.1% net margin).

Dividend & Returns

Yes, Progress Software Corporation (PRGS) pays a dividend with a yield of 1.73%. This makes it attractive for income-focused investors.

Progress Software Corporation (PRGS) has a return on equity (ROE) of 15.2%. This is reasonable for most industries.

Progress Software Corporation (PRGS) generated $186.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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