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)
Bedford, US
Size (employees)
1,912 (est)+9%
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 Metrics

Progress Software Financial Metrics

Revenue (2016)

$405.3 m

Revenue growth (2015-16), %


Net income (2016)

($55.7 m)

Market capitalization (28-Apr-2017)

$1.4 b

Closing share price (28-Apr-2017)


Cash (30-Nov-2016)

$207 m
Progress Software's current market capitalization is $1.4 b.
Progress Software's revenue was reported to be $405.3 m in FY, 2016 which is a 7% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016


$334 m$332.5 m$377.6 m$405.3 m

Revenue growth, %


Operating expense total

$299.1 m$369.3 b


$14.8 m($29.7 b)

EBIT margin, %


Interest expense

$3.8 m$4.2 b

Pre tax profit

$12.4 m($35.3 b)

Income tax expense

$21.2 m$20.4 b

Net Income

$74.9 m$49.5 m($8.8 m)($55.7 m)
FY, 2013FY, 2014FY, 2015FY, 2016


$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


$57 m$59.4 m$54.2 m$50.1 m


$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

$522.5 m$406.6 m

Debt to Equity Ratio

0.3 x0.3 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

1.7 x1.9 x
FY, 2013FY, 2014FY, 2015FY, 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


Accounts Payable

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

Cash From Financing Activities

($225.4 m)($42.2 m)

Interest Paid

$2.7 m$3.2 m

Progress Software Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
DataRPMMarch 29, 2017$30 m

Progress Software Market Value History

Progress Software Median Salaries

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

Progress Software Online Presence

Progress Software Company Life

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