Progress Software Corp (DE) (PRGS)

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About

Business overview of Progress Software Corp (DE) (PRGS)
Progress Software Corporation is a provider of cloud-based security solutions to large-and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and it also has presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.

Key Insights

Critical company metrics and information
  • Share Price

    $69.75
  • Market Cap

    $2.99 Billion
  • Total Outstanding Shares

    42.91 Million Shares
  • Total Employees

    2,284
  • Dividend

    $0.175 Per Share Quarterly
  • IPO Date

    June 14, 1991
  • SIC Description

    Services-prepackaged Software
  • Homepage

    https://www.progress.com

Historical Stock Splits

If you bought 1 share of PRGS before January 31, 2011, you'd have 1.50 shares today.
Execution DateSplit Amount
January 31, 20113-for-2

Cash Flow Statement

September 1, 2023 to August 31, 2024
MetricValue
Net Cash Flow From Operating Activities, Continuing$225.00 Million
Net Cash Flow From Operating Activities$225.00 Million
Exchange Gains/Losses$1.96 Million
Net Cash Flow From Investing Activities, Continuing$-4.72 Million
Net Cash Flow$94.71 Million
Net Cash Flow, Continuing$92.75 Million
Net Cash Flow From Investing Activities$-4.72 Million
Net Cash Flow From Financing Activities, Continuing$-127.53 Million
Net Cash Flow From Financing Activities$-127.53 Million

Income Statement

September 1, 2023 to August 31, 2024
MetricValue
Basic Earnings Per Share$1.90
Revenues$715.42 Million
Net Income/Loss Attributable To Noncontrolling Interest$0.00
Cost Of Revenue$127.61 Million
Income/Loss From Continuing Operations Before Tax$96.19 Million
Net Income/Loss$82.63 Million
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic$0.00
Income Tax Expense/Benefit$13.56 Million
Operating Income/Loss$125.04 Million
Net Income/Loss Available To Common Stockholders, Basic$82.63 Million
Costs And Expenses$619.23 Million
Income/Loss From Continuing Operations After Tax$82.63 Million
Benefits Costs and Expenses$619.23 Million
Diluted Average Shares$44.28 Million
Nonoperating Income/Loss$-28.85 Million
Preferred Stock Dividends And Other Adjustments$0.00
Operating Expenses$462.77 Million
Diluted Earnings Per Share$1.86
Basic Average Shares$43.39 Million
Net Income/Loss Attributable To Parent$82.63 Million
Gross Profit$587.81 Million

Balance Sheet

September 1, 2023 to August 31, 2024
MetricValue
Intangible Assets$284.71 Million
Noncurrent Assets$1.23 Billion
Current Liabilities$314.91 Million
Wages$43.92 Million
Current Assets$388.56 Million
Liabilities$1.19 Billion
Other Current Liabilities$260.21 Million
Liabilities And Equity$1.62 Billion
Equity Attributable To Noncontrolling Interest$0.00
Noncurrent Liabilities$879.36 Million
Equity Attributable To Parent$425.61 Million
Equity$425.61 Million
Other Non-current Assets$934.05 Million
Assets$1.62 Billion
Fixed Assets$12.57 Million
Accounts Payable$10.78 Million

Historical Dividends

Current dividend: $0.175 Per Share Quarterly
Announcement DatePayment DateRecord DateAmountFrequency
Jun 18, 2024Sep 16, 2024Sep 2, 2024$0.175Quarterly
Mar 19, 2024Jun 17, 2024Jun 3, 2024$0.175Quarterly
Jan 16, 2024Mar 15, 2024Mar 1, 2024$0.175Quarterly
Sep 26, 2023Dec 15, 2023Dec 1, 2023$0.175Quarterly
Jun 29, 2023Sep 15, 2023Sep 1, 2023$0.175Quarterly
Mar 28, 2023Jun 15, 2023Jun 1, 2023$0.175Quarterly
Jan 17, 2023Mar 15, 2023Mar 1, 2023$0.175Quarterly
Sep 23, 2022Dec 15, 2022Dec 1, 2022$0.175Quarterly
Jun 21, 2022Sep 15, 2022Sep 1, 2022$0.175Quarterly
Mar 29, 2022Jun 15, 2022Jun 1, 2022$0.175Quarterly
Jan 18, 2022Mar 15, 2022Mar 1, 2022$0.175Quarterly
Sep 21, 2021Dec 15, 2021Dec 1, 2021$0.175Quarterly
Jun 22, 2021Sep 15, 2021Sep 1, 2021$0.175Quarterly
Mar 23, 2021Jun 15, 2021Jun 1, 2021$0.175Quarterly
Jan 14, 2021Mar 15, 2021Mar 1, 2021$0.175Quarterly
Sep 29, 2020Dec 15, 2020Dec 1, 2020$0.175Quarterly
Jun 23, 2020Sep 15, 2020Sep 1, 2020$0.165Quarterly
Mar 18, 2020Jun 15, 2020Jun 1, 2020$0.165Quarterly
Jan 8, 2020Mar 16, 2020Mar 2, 2020$0.165Quarterly
Sep 24, 2019Dec 16, 2019Dec 2, 2019$0.165Quarterly
Jun 25, 2019Sep 16, 2019Sep 2, 2019$0.155Quarterly
Mar 19, 2019Jun 17, 2019Jun 3, 2019$0.155Quarterly
Jan 8, 2019Mar 15, 2019Mar 1, 2019$0.155Quarterly
Sep 21, 2018Dec 17, 2018Dec 3, 2018$0.155Quarterly
Jun 20, 2018Sep 17, 2018Sep 3, 2018$0.14Quarterly
Mar 27, 2018Jun 15, 2018Jun 1, 2018$0.14Quarterly
Jan 5, 2018Mar 15, 2018Mar 1, 2018$0.14Quarterly
Sep 6, 2017Dec 15, 2017Dec 1, 2017$0.14Quarterly
Jun 21, 2017Sep 15, 2017Sep 1, 2017$0.125Quarterly
Mar 24, 2017Jun 15, 2017Jun 1, 2017$0.125Quarterly
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