Progress Software Corp (OQ:PRGS)

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
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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

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