Progress Software

Progress Software Corporation is a global software company that simplifies the development, deployment and management of business applications on-premise or on any Cloud, on any platform and on any device with minimal IT complexity and low total cost of ownership. 

Company Growth (employees)
Type
Public
HQ
Bedford, US
Founded
1981
Size (employees)
1,912 (est)
Progress Software was founded in 1981 and is headquartered in Bedford, US

Progress Software Office Locations

Progress Software has offices in Bedford and Rotterdam
Rotterdam, NL (HQ)
67 Schorpioenstraat
Bedford, US (HQ)
14 Oak Park Dr

Progress Software Data and Metrics

Progress Software Financial Metrics

Progress Software's revenue was reported to be $93.2 m in Q2, 2017
USD

Revenue (Q2, 2017)

93.2 m

Net income (Q2, 2017)

10.3 m

EBIT (Q2, 2017)

20.3 m

Market capitalization (15-Aug-2017)

1.6 b

Cash (31-May-2017)

197.9 m
Progress Software's current market capitalization is $1.6 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

332.5 m377.6 m405.3 m

Revenue growth, %

14%7%

Cost of goods sold

34.3 m63.7 m65.7 m

Gross profit

298.3 m313.8 m339.6 m

Gross profit Margin, %

90%83%84%

Sales and marketing expense

121.5 b

R&D expense

88.6 b

General and administrative expense

46.5 b

Operating expense total

217.5 m299.1 m369.3 m

EBIT

80.7 m14.8 m(29.7 b)

EBIT margin, %

24%4%(7329%)

Interest expense

572 k3.8 m4.2 b

Pre tax profit

77.8 m12.4 m(35.3 b)

Income tax expense

28.3 m21.2 m20.4 b

Net Income

49.5 m(8.8 m)(55.7 m)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

79.3 m81.4 m88.8 m94.6 m89.5 m96.1 m102 m91 m93.2 m

Sales and marketing expense

22.5 m30.8 m31.9 m30 m29.7 m29.1 m29.9 m25.7 m21.2 m

R&D expense

15 m22.8 m22.3 m20.4 m21.8 m22.3 m21.7 m17.3 m18.8 m

General and administrative expense

12.2 m14.3 m13.7 m14.1 m12.4 m12.3 m11.4 m10.6 m11.6 m

Operating expense total

49.6 m67.9 m67.8 m64.5 m63.8 m63.7 m63 m53.6 m51.6 m

EBIT

19.4 m(11.2 m)(2.7 m)8.6 m6.7 m12.3 m13.6 m1.2 m20.3 m

EBIT margin, %

25%(14%)(3%)9%7%13%13%1%22%

Interest expense

(1.1 m)(947 k)(987 k)(1.1 m)(1 m)(1.2 m)(1.1 m)(1.2 m)

Pre tax profit

17 m(10.3 m)(3.8 m)7.4 m4.9 m11 m12.3 m(125 k)18.7 m

Income tax expense

5.9 m(9.3 m)(9.5 m)11.6 m1.7 m3.7 m4.7 m400 k8.4 m

Net Income

11.1 m(971 k)5.8 m(4.1 m)3.2 m7.3 m7.6 m(525 k)10.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

198.8 m263.1 m212.4 m207 m

Accounts Receivable

66.8 m68.3 m66.5 m65.7 m

Current Assets

337.8 m385.7 m323.4 m336.1 m

PP&E

57 m59.4 m54.2 m50.1 m

Goodwill

224.3 m232.8 m370 m278.1 m

Total Assets

682.2 m703.1 m877.1 m754.8 m

Accounts Payable

9.6 m11.7 m11.2 m13 m

Total Debt

144.4 m135 m

Current Liabilities

164.6 m153.3 m199.9 m203.7 m

Additional Paid-in Capital

204.8 m209.3 m227.4 m239 m

Retained Earnings

320 m347.2 m319.2 m195.7 m

Total Equity

513.7 m543.2 m522.5 m406.6 m

Debt to Equity Ratio

0.3 x0.3 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

1.3 x1.3 x1.7 x1.9 x
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

242.4 m187 m166 m189.1 m203.7 m179.7 m188.1 m226.9 m197.9 m

Accounts Receivable

57.8 m59.6 m56.4 m60.3 m58.8 m48.3 m55.8 m48.9 m43.9 m

Current Assets

352.7 m312.3 m312.6 m330.4 m330.9 m299.4 m309 m336.9 m311.3 m

PP&E

59.2 m62 m57.7 m56.8 m53.5 m51.8 m50.8 m48.3 m44.9 m

Goodwill

230.7 m370.6 m370.5 m370.5 m370 m370 m370.1 m278.1 m290.7 m

Total Assets

676.6 m889.6 m877 m886.6 m876.9 m834.2 m832.8 m741.1 m737.1 m

Accounts Payable

7.1 m10.2 m10.2 m9.4 m11.9 m9.6 m9.6 m9.5 m8.7 m

Current Liabilities

148.2 m193.8 m196.4 m197.4 m203.4 m195.4 m196 m221.2 m210.2 m

Retained Earnings

332.7 m342.1 m332.8 m328.6 m316.1 m282.9 m281.3 m173.7 m173.6 m

Total Equity

523 m529.7 m522.6 m491.4 m494.6 m386.2 m392.8 m

Financial Leverage

1.7 x1.7 x1.7 x1.7 x1.7 x1.9 x1.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

74.9 m49.5 m(8.8 m)(55.7 m)

Accounts Receivable

5.7 m(703 k)3.7 m647 k

Cash From Operating Activities

4.6 m107.7 m104.5 m102.8 m

Purchases of PP&E

(4.2 m)(8 m)(7.2 m)(5.8 m)

Cash From Investing Activities

118.8 m5.1 m(260.2 m)(21 m)

Cash From Financing Activities

(225.4 m)(42.2 m)118.3 m(82.2 m)

Interest Paid

3.2 m
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

11.1 m(971 k)5.8 m(4.1 m)3.2 m7.3 m7.6 m(525 k)10.3 m

Accounts Receivable

57.8 m59.6 m56.4 m60.3 m58.8 m48.3 m55.8 m48.9 m43.9 m

Accounts Payable

7.1 m10.2 m10.2 m9.4 m11.9 m9.6 m9.6 m9.5 m8.7 m
USDY, 2017

Revenue/Employee

48.8 k

Financial Leverage

1.9 x

Progress Software Operating Metrics

Progress Software's Users was reported to be 5 m in May, 2017. Progress Software's Enterprise Customers was reported to be 140 k in 2017. Progress Software's Customers was reported to be 80 k in May, 2017. Progress Software's Backlog was reported to be $170.3 m in
FY, 2014FY, 2015FY, 2016May, 2017Y, 2017

Backlog

$117.93 m$112.54 m$103.75 m$116.48 m$145.32 m$148.64 m$153.79 m$153.93 m$163.47 m$165.57 m$168.98 m$164.13 m$170.34 m

Countries

180180180

Users

5 m

Customers

80 k

Partners

1.7 k

Resellers

50

Enterprise Customers

140 k

Progress Software Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
KinveyJune 28, 2017$49 m
DataRPMMarch 29, 2017$30 m

Progress Software Market Value History

Progress Software Revenue Breakdown

Progress Software Median Salaries

Source: 29 public H-1B filings from Progress Software

Traffic Overview of Progress Software

Progress Software Online and Social Media Presence

Progress Software Company Life and Culture

You may also be interested in