Progress Software
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Progress Software's past years’ income statements indicate that its last revenue has increased compared to the previous period by 15% to $694,439,000. Profit margin reached 10%. Total operating expenses were $457,339,000.
Profit Margin
| 2014 | 332.53M | 49.45M | 14.87% |
|---|---|---|---|
| 2015 | 377.55M | -8.80M | -2.33% |
| 2016 | 405.34M | -55.72M | -13.75% |
| 2017 | 397.57M | 37.41M | 9.41% |
| 2018 | 397.16M | 63.49M | 15.99% |
| 2019 | 413.29M | 26.4M | 6.39% |
| 2020 | 442.15M | 79.72M | 18.03% |
| 2021 | 531.31M | 78.42M | 14.76% |
| 2022 | 602.01M | 95.06M | 15.79% |
| 2023 | 694.43M | 70.19M | 10.11% |
PRGS Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 694.43M | 602.01M | 531.31M | 442.15M | 413.29M | 397.16M | 397.57M | 405.34M | 377.55M | 332.53M |
Cost of revenue | 126.57M | 94.49M | 78.44M | 62.11M | 75.24M | 66.97M | 69.15M | 65.71M | 63.74M | 34.25M |
Gross profit | 567.86M | 507.51M | 452.86M | 380.03M | 338.05M | 330.19M | 328.41M | 339.62M | 313.81M | 298.27M |
Operating exp. | ||||||||||
Research and development | 132.40M | 114.56M | 103.33M | 88.59M | 88.57M | 79.73M | 76.98M | 88.58M | 86.92M | 58.96M |
Selling and marketing | 156.07M | 140.76M | 125.89M | 100.11M | 101.70M | 93.03M | 96.34M | 121.50M | 124.86M | 101.49M |
Total operating expenses | 457.33M | 380.67M | 326.35M | 262.76M | 265.88M | 236.53M | 234.13M | 269.35M | 281.83M | 209.40M |
Operating income | 110.52M | 132.13M | 116.10M | 107.72M | 104.25M | 85.99M | 70.61M | -29.70M | 14.75M | 80.74M |
Other income (expenses), net | -30.86M | -14.87M | -20.56M | -11.09M | -75.75M | -14.67M | 8.09M | -105.55M | -2.4M | -2.93M |
Income before tax | 79.65M | 117.25M | 95.53M | 96.63M | 28.49M | 78.98M | 65.58M | -35.28M | 12.35M | 77.80M |
Income tax expense | 9.46M | 22.18M | 17.11M | 16.91M | 2.09M | 15.48M | 28.17M | 20.44M | 21.15M | 28.34M |
Net income | 70.19M | 95.06M | 78.42M | 79.72M | 26.4M | 63.49M | 37.41M | -55.72M | -8.80M | 49.45M |
Earnings per share | ||||||||||
Basic EPS | 1.62 | 2.19 | 1.79 | 1.78 | 0.59 | 1.39 | 0.78 | -1.13 | -0.17 | 0.97 |
Diluted EPS | 1.57 | 2.15 | 1.76 | 1.76 | 0.58 | 1.38 | 0.77 | -1.13 | -0.17 | 0.96 |
| Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source |