Progress Software Income Statement

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

Millions USD. Fiscal year is Dec - Nov.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1994
Revenue	694.44	602.01	531.31	442.15	413.3	378.98	389.15	405.34	377.55	332.53	Upgrade
Revenue Growth (YoY)	15.35%	13.31%	20.17%	6.98%	9.06%	-2.61%	-3.99%	7.36%	13.54%	-0.44%	Upgrade
Cost of Revenue	126.58	94.5	78.45	62.11	75.24	66.97	69.16	65.71	63.74	34.26	Upgrade
Gross Profit	567.86	507.52	452.86	380.04	338.06	312.01	320	339.63	313.81	298.27	Upgrade
Selling, General & Admin	239.23	218.64	191.02	154.12	155.06	142.09	146.79	168.03	182.16	149.79	Upgrade
Research & Development	132.4	114.57	103.34	88.6	88.57	79.74	76.99	88.59	86.92	58.97	Upgrade
Other Operating Expenses	85.71	42.18	42.41	29.59	54.34	22.37	38.73	112.72	29.97	8.78	Upgrade
Operating Expenses	457.34	375.39	336.76	272.31	297.97	244.19	262.51	369.34	299.06	217.53	Upgrade
Operating Income	110.52	132.13	116.1	107.73	40.08	67.81	57.49	-29.71	14.75	80.74	Upgrade
Interest Expense / Income	30.78	15.79	20.05	10.17	9.91	5.15	4.63	4.18	3.79	0.57	Upgrade
Other Expense / Income	0.09	-0.91	0.52	0.92	1.68	1.87	0.4	1.39	-1.39	2.36	Upgrade
Pretax Income	79.66	117.26	95.53	96.64	28.5	60.8	52.46	-35.28	12.35	77.8	Upgrade
Income Tax	9.46	22.19	17.11	16.91	2.1	11.13	23.44	20.45	21.16	28.35	Upgrade
Net Income	70.2	95.07	78.42	79.72	26.4	49.67	29.02	-55.73	-8.8	49.46	Upgrade
Net Income Growth	-26.16%	21.23%	-1.63%	201.98%	-46.85%	71.15%	-	-	-	-33.97%	Upgrade
Shares Outstanding (Basic)	43	43	44	45	45	46	48	49	50	51	Upgrade
Shares Outstanding (Diluted)	45	44	45	45	45	46	49	49	50	51	Upgrade
Shares Change	0.93%	-0.84%	-1.55%	-0.04%	-1.72%	-4.91%	-1.95%	-1.81%	-2.09%	-7.07%	Upgrade
EPS (Basic)	1.62	2.19	1.79	1.78	0.59	1.09	0.60	-1.13	-0.17	0.97	Upgrade
EPS (Diluted)	1.57	2.15	1.76	1.76	0.58	1.08	0.60	-1.13	-0.17	0.96	Upgrade
EPS Growth	-26.98%	22.16%	0%	203.45%	-46.30%	80.00%	-	-	-	-28.89%	Upgrade
Free Cash Flow	168.35	212.07	173.88	139.22	130.63	114.1	103.87	97.06	95.7	95.89	Upgrade
Free Cash Flow Per Share	3.87	4.88	3.96	3.10	2.92	2.50	2.16	1.96	1.90	1.89	Upgrade
Dividend Per Share	0.700	0.700	0.700	0.670	0.630	0.575	0.515	0.125	-	-	Upgrade
Dividend Growth	0%	0%	4.48%	6.35%	9.57%	11.65%	312.00%	-	-	-	Upgrade
Gross Margin	81.77%	84.30%	85.23%	85.95%	81.79%	82.33%	82.23%	83.79%	83.12%	89.70%	Upgrade
Operating Margin	15.92%	21.95%	21.85%	24.36%	9.70%	17.89%	14.77%	-7.33%	3.91%	24.28%	Upgrade
Profit Margin	10.11%	15.79%	14.76%	18.03%	6.39%	13.11%	7.46%	-13.75%	-2.33%	14.87%	Upgrade
Free Cash Flow Margin	24.24%	35.23%	32.73%	31.49%	31.61%	30.11%	26.69%	23.95%	25.35%	28.84%	Upgrade
Effective Tax Rate	11.88%	18.92%	17.91%	17.50%	7.35%	18.30%	44.68%	-	171.24%	36.43%	Upgrade
EBITDA	126.18	145.83	132	121.56	45.96	72.89	64.62	-22.6	25.54	88.15	Upgrade
EBITDA Margin	18.17%	24.22%	24.84%	27.49%	11.12%	19.23%	16.61%	-5.57%	6.76%	26.51%	Upgrade
Depreciation & Amortization	15.74	12.78	16.42	14.75	7.55	6.94	7.53	8.51	9.39	9.78	Upgrade
EBIT	110.44	133.05	115.58	106.81	38.41	65.95	57.09	-31.1	16.14	78.38	Upgrade
EBIT Margin	15.90%	22.10%	21.75%	24.16%	9.29%	17.40%	14.67%	-7.67%	4.28%	23.57%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).