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Progress Software (Progress Software) Revenue

: $714.9 Mil (TTM As of Feb. 2024)
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Progress Software's revenue for the three months ended in Feb. 2024 was $184.7 Mil. Its revenue for the trailing twelve months (TTM) ended in Feb. 2024 was $714.9 Mil. Progress Software's Revenue per Share for the three months ended in Feb. 2024 was $4.12. Its Revenue per Share for the trailing twelve months (TTM) ended in Feb. 2024 was $15.95.

Good Sign:

Progress Software Corp has shown predictable revenue and earnings growth.

During the past 12 months, the average Revenue per Share Growth Rate of Progress Software was 13.40% per year. During the past 3 years, the average Revenue per Share Growth Rate was 16.80% per year. During the past 5 years, the average Revenue per Share Growth Rate was 14.00% per year. During the past 10 years, the average Revenue per Share Growth Rate was 9.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.

During the past 13 years, Progress Software's highest 3-Year average Revenue per Share Growth Rate was 35.60% per year. The lowest was -15.00% per year. And the median was 9.70% per year.


Progress Software Revenue Historical Data

The historical data trend for Progress Software's Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Progress Software Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Revenue
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 413.30 442.15 531.31 602.01 694.44

Progress Software Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Revenue Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 164.23 178.25 174.99 176.97 184.69

Competitive Comparison

For the Software - Infrastructure subindustry, Progress Software's Revenue, along with its competitors' market caps and Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Progress Software Revenue Distribution

For the Software industry and Technology sector, Progress Software's Revenue distribution charts can be found below:

* The bar in red indicates where Progress Software's Revenue falls into.



Progress Software Revenue Calculation

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Revenue for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $714.9 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Progress Software  (NAS:PRGS) Revenue Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:


Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.


Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.


Progress Software Revenue Related Terms

Thank you for viewing the detailed overview of Progress Software's Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.


Progress Software (Progress Software) Business Description

Traded in Other Exchanges
Address
15 Wayside Road, Suite 400, Burlington, MA, USA, 01803
Progress Software Corporation is a provider of cloud-based security solutions to large- and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and also has a presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
Executives
Domenic Lococo officer: Chief Accounting Officer C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Sundar Subramanian officer: EVP/GM DevSecOps C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Ian Pitt officer: Chief Information Officer C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Kathryn Kulikoski officer: CHIEF PEOPLE OFFICER C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Yufan Stephanie Wang officer: Chief Legal Officer C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803
Anthony Folger officer: Chief Financial Officer C/O CARBONITE, INC., 177 HUNTINGTON AVENUE, BOSTON MA 02115
Loren Jarrett officer: Chief Marketing Officer C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DR., BEDFORD MA 01730
Charles Francis Kane director 14 OAK PARK DRIVE, BEDFORD MA 01730
Yogesh K Gupta director, officer: Chief Executive Officer C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803
Jeremy Segal officer: Senior Vice President C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Jennifer Ortiz officer: EVP, Corporate Marketing C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
John R Egan director 176 SOUTH ST., HOPKINTON MA 01748
John Ainsworth officer: Senior Vice President C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DR., BEDFORD MA 01730
Gary Quinn officer: Senior Vice President C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749
Ranier Gawlick director 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359