Progress Software Corporation (PRGS)

Progress Software Income Statement

Financials in millions USD. Fiscal year is December - November.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Aug 31, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Revenue	715.42	694.44	602.01	531.31	442.15	413.3
Revenue Growth (YoY)	6.05%	15.35%	13.31%	20.17%	6.98%	9.06%
Cost of Revenue	98.13	96.41	72.42	63.51	54.22	49.36
Gross Profit	617.29	598.03	529.59	467.8	387.93	363.94
Selling, General & Admin	243.65	239.23	218.64	191.02	154.12	155.06
Research & Development	139.15	132.4	114.57	103.34	88.6	88.57
Operating Expenses	477.39	468.23	402.15	341.29	270.66	291.77
Operating Income	139.9	129.8	127.45	126.51	117.27	72.17
Interest Expense	-29	-30.78	-15.79	-20.05	-10.17	-9.91
Interest & Investment Income	4.09	2.54	1.41	0.78	1.5	1.14
Currency Exchange Gain (Loss)	-3.94	-2.62	-0.5	-1.3	-2.42	-2.82
EBT Excluding Unusual Items	111.04	98.93	112.57	105.94	106.18	60.58
Merger & Restructuring Charges	-8.87	-13.11	-5.48	-10.41	-9.54	-7.99
Gain (Loss) on Sale of Assets	-	-	10.77	-	-	-
Asset Writedown	-	-	-	-	-	-24.1
Other Unusual Items	-14.69	-12.36	-0.6	-	-	-
Pretax Income	96.19	79.66	117.26	95.53	96.64	28.5
Income Tax Expense	13.56	9.46	22.19	17.11	16.91	2.1
Earnings From Continuing Operations	82.63	70.2	95.07	78.42	79.72	26.4
Net Income	82.63	70.2	95.07	78.42	79.72	26.4
Net Income to Common	82.63	70.2	95.07	78.42	79.72	26.4
Net Income Growth	5.16%	-26.16%	21.23%	-1.63%	201.98%	-46.85%
Shares Outstanding (Basic)	43	43	43	44	45	45
Shares Outstanding (Diluted)	44	45	44	45	45	45
Shares Change (YoY)	-0.12%	0.93%	-0.84%	-1.55%	-0.04%	-1.72%
EPS (Basic)	1.90	1.62	2.19	1.79	1.78	0.59
EPS (Diluted)	1.86	1.57	2.15	1.76	1.76	0.58
EPS Growth	5.04%	-26.98%	22.16%	0%	203.45%	-46.30%
Free Cash Flow	220.29	168.35	186.07	173.88	138.33	124.49
Free Cash Flow Per Share	4.96	3.77	4.21	3.90	3.05	2.75
Dividend Per Share	0.700	0.700	0.700	0.700	0.670	0.630
Dividend Growth	0%	0%	0%	4.48%	6.35%	9.57%
Gross Margin	86.28%	86.12%	87.97%	88.05%	87.74%	88.06%
Operating Margin	19.55%	18.69%	21.17%	23.81%	26.52%	17.46%
Profit Margin	11.55%	10.11%	15.79%	14.76%	18.03%	6.39%
Free Cash Flow Margin	30.79%	24.24%	30.91%	32.73%	31.29%	30.12%
EBITDA	242.88	232.95	202.18	179.5	152.04	128.85
EBITDA Margin	33.95%	33.54%	33.58%	33.78%	34.39%	31.18%
D&A For EBITDA	102.98	103.15	74.73	52.98	34.77	56.68
EBIT	139.9	129.8	127.45	126.51	117.27	72.17
EBIT Margin	19.55%	18.69%	21.17%	23.81%	26.52%	17.46%
Effective Tax Rate	14.10%	11.88%	18.92%	17.91%	17.50%	7.35%
Revenue as Reported	715.42	694.44	602.01	531.31	442.15	413.3
Advertising Expenses	-	1.1	1.1	0.9	0.5	0.8

Source: S&P Capital IQ. Standard template. Financial Sources.