Progress Software Management
Management criteria checks 2/4
Progress Software's CEO is Yogesh Gupta, appointed in Oct 2016, has a tenure of 8.25 years. total yearly compensation is $8.64M, comprised of 6.9% salary and 93.1% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth €9.96M. The average tenure of the management team and the board of directors is 5.1 years and 7.6 years respectively.
Key information
Yogesh Gupta
Chief executive officer
US$8.6m
Total compensation
| CEO salary percentage | 6.9% |
| CEO tenure | 8.3yrs |
| CEO ownership | 0.4% |
| Management average tenure | 5.1yrs |
| Board average tenure | 7.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Aug 31 2024 | n/a | n/a | US$83m |
| May 31 2024 | n/a | n/a | US$73m |
| Feb 29 2024 | n/a | n/a | US$69m |
| Nov 30 2023 | US$9m | US$599k | US$70m |
| Aug 31 2023 | n/a | n/a | US$79m |
| May 31 2023 | n/a | n/a | US$81m |
| Feb 28 2023 | n/a | n/a | US$98m |
| Nov 30 2022 | US$7m | US$575k | US$95m |
| Aug 31 2022 | n/a | n/a | US$86m |
| May 31 2022 | n/a | n/a | US$95m |
| Feb 28 2022 | n/a | n/a | US$80m |
| Nov 30 2021 | US$6m | US$575k | US$78m |
| Aug 31 2021 | n/a | n/a | US$81m |
| May 31 2021 | n/a | n/a | US$74m |
| Feb 28 2021 | n/a | n/a | US$78m |
| Nov 30 2020 | US$5m | US$575k | US$80m |
| Aug 31 2020 | n/a | n/a | US$57m |
| May 31 2020 | n/a | n/a | US$47m |
| Feb 29 2020 | n/a | n/a | US$38m |
| Nov 30 2019 | US$5m | US$575k | US$26m |
| Aug 31 2019 | n/a | n/a | US$40m |
| May 31 2019 | n/a | n/a | US$41m |
| Feb 28 2019 | n/a | n/a | US$45m |
| Nov 30 2018 | US$5m | US$575k | US$50m |
Compensation vs Market: Yogesh's total compensation ($USD8.64M) is above average for companies of similar size in the German market ($USD1.89M).
Compensation vs Earnings: Yogesh's compensation has increased by more than 20% in the past year.
CEO
Yogesh Gupta (63 yo)
8.3yrs
Tenure
US$8,635,534
Compensation
Mr. Yogesh K. Gupta serves as Independent Director at Blackbaud, Inc. since December 8, 2022. He joined Blackbaud, Inc. since December 8, 2022. He has been the Chief Executive Officer of Progress Software...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8.3yrs | US$8.64m | 0.37% € 10.0m | |
| Executive VP & CFO | 5yrs | US$3.54m | 0.079% € 2.1m | |
| Executive VP & GM of Application & Data Platform | 8yrs | US$1.99m | 0.081% € 2.2m | |
| Executive VP & GM of Digital Experience | 5.6yrs | US$1.98m | 0.032% € 858.5k | |
| Executive VP & GM of Infrastructure Management | 5.4yrs | US$2.00m | 0.043% € 1.2m | |
| Chief Accounting Officer | no data | no data | 0.012% € 330.1k | |
| Executive VP & Chief Information Officer | 3.4yrs | no data | 0.0074% € 201.0k | |
| Directory of Treasury & Investor Relations | no data | no data | no data | |
| Executive Vice President | 2.3yrs | no data | no data | |
| Executive Vice President of Marketing | 5.3yrs | no data | no data | |
| Executive Vice President of Corporate Development | 4.7yrs | US$1.59m | no data | |
| Chief People Officer | less than a year | no data | no data |
5.1yrs
Average Tenure
52yo
Average Age
Experienced Management: PGR's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8.3yrs | US$8.64m | 0.37% € 10.0m | |
| Non-Voting Director Emeritus and Advisor to President & CEO | 6.7yrs | US$280.01k | no data | |
| Independent Non-Executive Chairman of the Board | 13.3yrs | US$360.04k | no data | |
| Independent Director | 7.6yrs | US$287.54k | no data | |
| Independent Director | 16.9yrs | US$300.04k | 0.11% € 2.9m | |
| Independent Director | 18.2yrs | US$315.04k | 0.15% € 4.2m | |
| Independent Director | 5.3yrs | US$300.04k | no data | |
| Independent Director | 6.9yrs | US$305.04k | no data | |
| Independent Director | 7.6yrs | US$310.04k | 0.0023% € 63.5k | |
| Independent Director | 6.9yrs | US$320.04k | no data |
7.6yrs
Average Tenure
65yo
Average Age
Experienced Board: PGR's board of directors are considered experienced (7.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 14:25 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/08/31 |
| Annual Earnings | 2023/11/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Progress Software Corporation is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Mark Schappel | Benchmark Company |
| Matthew Galinko | B. Riley Wealth |