Progress Software was founded in 1981 and is headquartered in Bedford, US

Progress Software has offices in Bedford and Rotterdam

Rotterdam, NL (HQ)

67 Schorpioenstraat

Bedford, US (HQ)

14 Oak Park Dr

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.

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 332.5 m | 377.6 m | 405.3 m |

## Revenue growth, % | 14% | 7% | |

## Cost of goods sold | 34.3 m | 63.7 m | 65.7 m |

## Gross profit | 298.3 m | 313.8 m | 339.6 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 m | 299.1 m | 369.3 m |

## EBIT | 80.7 m | 14.8 m | (29.7 b) |

## EBIT margin, % | 24% | 4% | (7329%) |

## Interest expense | 572 k | 3.8 m | 4.2 b |

## Pre tax profit | 77.8 m | 12.4 m | (35.3 b) |

## Income tax expense | 28.3 m | 21.2 m | 20.4 b |

## Net Income | 49.5 m | (8.8 m) | (55.7 m) |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 79.3 m | 81.4 m | 88.8 m | 94.6 m | 89.5 m | 96.1 m | 102 m | 91 m | 93.2 m |

## Sales and marketing expense | 22.5 m | 30.8 m | 31.9 m | 30 m | 29.7 m | 29.1 m | 29.9 m | 25.7 m | 21.2 m |

## R&D expense | 15 m | 22.8 m | 22.3 m | 20.4 m | 21.8 m | 22.3 m | 21.7 m | 17.3 m | 18.8 m |

## General and administrative expense | 12.2 m | 14.3 m | 13.7 m | 14.1 m | 12.4 m | 12.3 m | 11.4 m | 10.6 m | 11.6 m |

## Operating expense total | 49.6 m | 67.9 m | 67.8 m | 64.5 m | 63.8 m | 63.7 m | 63 m | 53.6 m | 51.6 m |

## EBIT | 19.4 m | (11.2 m) | (2.7 m) | 8.6 m | 6.7 m | 12.3 m | 13.6 m | 1.2 m | 20.3 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 m | 4.9 m | 11 m | 12.3 m | (125 k) | 18.7 m |

## Income tax expense | 5.9 m | (9.3 m) | (9.5 m) | 11.6 m | 1.7 m | 3.7 m | 4.7 m | 400 k | 8.4 m |

## Net Income | 11.1 m | (971 k) | 5.8 m | (4.1 m) | 3.2 m | 7.3 m | 7.6 m | (525 k) | 10.3 m |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 198.8 m | 263.1 m | 212.4 m | 207 m |

## Accounts Receivable | 66.8 m | 68.3 m | 66.5 m | 65.7 m |

## Current Assets | 337.8 m | 385.7 m | 323.4 m | 336.1 m |

## PP&E | 57 m | 59.4 m | 54.2 m | 50.1 m |

## Goodwill | 224.3 m | 232.8 m | 370 m | 278.1 m |

## Total Assets | 682.2 m | 703.1 m | 877.1 m | 754.8 m |

## Accounts Payable | 9.6 m | 11.7 m | 11.2 m | 13 m |

## Total Debt | 144.4 m | 135 m | ||

## Current Liabilities | 164.6 m | 153.3 m | 199.9 m | 203.7 m |

## Additional Paid-in Capital | 204.8 m | 209.3 m | 227.4 m | 239 m |

## Retained Earnings | 320 m | 347.2 m | 319.2 m | 195.7 m |

## Total Equity | 513.7 m | 543.2 m | 522.5 m | 406.6 m |

## Debt to Equity Ratio | 0.3 x | 0.3 x | ||

## Debt to Assets Ratio | 0.2 x | 0.2 x | ||

## Financial Leverage | 1.3 x | 1.3 x | 1.7 x | 1.9 x |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 242.4 m | 187 m | 166 m | 189.1 m | 203.7 m | 179.7 m | 188.1 m | 226.9 m | 197.9 m |

## Accounts Receivable | 57.8 m | 59.6 m | 56.4 m | 60.3 m | 58.8 m | 48.3 m | 55.8 m | 48.9 m | 43.9 m |

## Current Assets | 352.7 m | 312.3 m | 312.6 m | 330.4 m | 330.9 m | 299.4 m | 309 m | 336.9 m | 311.3 m |

## PP&E | 59.2 m | 62 m | 57.7 m | 56.8 m | 53.5 m | 51.8 m | 50.8 m | 48.3 m | 44.9 m |

## Goodwill | 230.7 m | 370.6 m | 370.5 m | 370.5 m | 370 m | 370 m | 370.1 m | 278.1 m | 290.7 m |

## Total Assets | 676.6 m | 889.6 m | 877 m | 886.6 m | 876.9 m | 834.2 m | 832.8 m | 741.1 m | 737.1 m |

## Accounts Payable | 7.1 m | 10.2 m | 10.2 m | 9.4 m | 11.9 m | 9.6 m | 9.6 m | 9.5 m | 8.7 m |

## Current Liabilities | 148.2 m | 193.8 m | 196.4 m | 197.4 m | 203.4 m | 195.4 m | 196 m | 221.2 m | 210.2 m |

## Retained Earnings | 332.7 m | 342.1 m | 332.8 m | 328.6 m | 316.1 m | 282.9 m | 281.3 m | 173.7 m | 173.6 m |

## Total Equity | 523 m | 529.7 m | 522.6 m | 491.4 m | 494.6 m | 386.2 m | 392.8 m | ||

## Financial Leverage | 1.7 x | 1.7 x | 1.7 x | 1.7 x | 1.7 x | 1.9 x | 1.9 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 74.9 m | 49.5 m | (8.8 m) | (55.7 m) |

## Accounts Receivable | 5.7 m | (703 k) | 3.7 m | 647 k |

## Cash From Operating Activities | 4.6 m | 107.7 m | 104.5 m | 102.8 m |

## Purchases of PP&E | (4.2 m) | (8 m) | (7.2 m) | (5.8 m) |

## Cash From Investing Activities | 118.8 m | 5.1 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 |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 11.1 m | (971 k) | 5.8 m | (4.1 m) | 3.2 m | 7.3 m | 7.6 m | (525 k) | 10.3 m |

## Accounts Receivable | 57.8 m | 59.6 m | 56.4 m | 60.3 m | 58.8 m | 48.3 m | 55.8 m | 48.9 m | 43.9 m |

## Accounts Payable | 7.1 m | 10.2 m | 10.2 m | 9.4 m | 11.9 m | 9.6 m | 9.6 m | 9.5 m | 8.7 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 48.8 k |

## Financial Leverage | 1.9 x |

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

- Source: Progress Software

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