Sector: Technology | Industry: Software |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 15 Wayside Road, Suite 400 BURLINGTON MA 01803 |
Tel: | N/A |
Website: | https://www.progress.com |
IR: | See website |
Key People | ||
Yogesh K. Gupta President, Chief Executive Officer, Director | Anthony Folger Chief Financial Officer, Executive Vice President | Kathryn Kulikoski Executive Vice President, Chief People Officer |
Ian Pitt Executive Vice President, Chief Information Officer | Yufan Wang Executive Vice President, Chief Legal Officer, Corporate Secretary and Chief Compliance Officer | John Ainsworth Executive Vice President, General Manager - Application and Data Platform |
Loren Jarrett Executive Vice President, General Manager - Digital Experience | Sundar Subramanian Executive Vice President, General Manager - Infrastructure Management |
Business Overview |
Progress Software Corporation is a provider of infrastructure software. The Company provides software that enables organizations to develop and deploy their applications, as well as manage their data platforms, cloud and information technology infrastructure. Its global professional services organization delivers business solutions for customers through a combination of products, consulting and education. The Company's consulting organization offers project management, implementation services, custom software development, programming and other services. Its services include application modernization, infrastructure automation, development operations, data management and managed database services, performance enhancements and tuning, and analytics/business intelligence. Its products include OpenEdge, Chef, Developer Tools, Kemp LoadMaster, MOVEit, DataDirect, WhatsUp Gold, Sitefinity, Flowmon, Corticon, MarkLogic and Semaphore. Semaphore is a semantic artificial intelligence platform. |
Financial Overview |
For the three months ended 29 February 2024, Progress Software Corp revenues increased 12% to $184.7M. Net income decreased 4% to $22.6M. Revenues reflect Maintenance segment increase of 10% to $102M, Software Licenses segment increase of 11% to $64.1M, EMEA segment increase of 18% to $63.1M, Northern America segment increase of 9% to $107.3M. |
Employees: | 2,284 as of Nov 30, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,789M as of Feb 29, 2024 |
Annual revenue (TTM): | $714.90M as of Feb 29, 2024 |
EBITDA (TTM): | $236.14M as of Feb 29, 2024 |
Net annual income (TTM): | $69.16M as of Feb 29, 2024 |
Free cash flow (TTM): | $160.46M as of Feb 29, 2024 |
Net Debt Last Fiscal Year: | $558.04M as of Feb 29, 2024 |
Shares outstanding: | 43,218,086 as of Mar 26, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |