Progress Software Past Earnings Performance
Past criteria checks 2/6
Progress Software has been growing earnings at an average annual rate of 14.9%, while the Software industry saw earnings growing at 16.1% annually. Revenues have been growing at an average rate of 13.3% per year. Progress Software's return on equity is 15%, and it has net margins of 9.7%.
Key information
14.9%
Earnings growth rate
15.7%
EPS growth rate
| Software Industry Growth | 14.9% |
| Revenue growth rate | 13.3% |
| Return on equity | 15.0% |
| Net Margin | 9.7% |
| Last Earnings Update | 29 Feb 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Progress Software makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 29 Feb 24 | 715 | 69 | 247 | 137 |
| 30 Nov 23 | 694 | 70 | 239 | 132 |
| 31 Aug 23 | 675 | 79 | 235 | 127 |
| 31 May 23 | 651 | 81 | 230 | 123 |
| 28 Feb 23 | 621 | 98 | 221 | 116 |
| 30 Nov 22 | 602 | 95 | 219 | 115 |
| 31 Aug 22 | 585 | 86 | 213 | 113 |
| 31 May 22 | 581 | 95 | 205 | 110 |
| 28 Feb 22 | 555 | 80 | 199 | 107 |
| 30 Nov 21 | 531 | 78 | 191 | 103 |
| 31 Aug 21 | 514 | 81 | 182 | 101 |
| 31 May 21 | 476 | 74 | 172 | 96 |
| 28 Feb 21 | 454 | 78 | 160 | 91 |
| 30 Nov 20 | 442 | 80 | 154 | 89 |
| 31 Aug 20 | 437 | 57 | 151 | 88 |
| 31 May 20 | 434 | 47 | 154 | 90 |
| 29 Feb 20 | 433 | 38 | 157 | 90 |
| 30 Nov 19 | 413 | 26 | 155 | 89 |
| 31 Aug 19 | 394 | 40 | 152 | 85 |
| 31 May 19 | 380 | 41 | 148 | 81 |
| 28 Feb 19 | 373 | 45 | 144 | 79 |
| 30 Nov 18 | 379 | 50 | 142 | 80 |
| 31 Aug 18 | 397 | 57 | 138 | 81 |
| 31 May 18 | 402 | 54 | 138 | 81 |
| 28 Feb 18 | 402 | 52 | 137 | 80 |
| 30 Nov 17 | 389 | 29 | 145 | 77 |
| 31 Aug 17 | 399 | -53 | 147 | 78 |
| 31 May 17 | 404 | -56 | 154 | 81 |
| 28 Feb 17 | 407 | -59 | 162 | 84 |
| 30 Nov 16 | 405 | -56 | 168 | 88 |
| 31 Aug 16 | 400 | 9 | 172 | 87 |
| 31 May 16 | 393 | -3 | 175 | 86 |
| 29 Feb 16 | 386 | -5 | 179 | 86 |
| 30 Nov 15 | 378 | -9 | 182 | 87 |
| 31 Aug 15 | 363 | 15 | 177 | 79 |
| 31 May 15 | 347 | 30 | 167 | 73 |
| 28 Feb 15 | 339 | 37 | 157 | 67 |
| 30 Nov 14 | 333 | 49 | 149 | 59 |
| 31 Aug 14 | 326 | 50 | 147 | 60 |
| 31 May 14 | 324 | 46 | 151 | 60 |
| 28 Feb 14 | 325 | 41 | 155 | 59 |
| 30 Nov 13 | 334 | 40 | 162 | 57 |
| 31 Aug 13 | 330 | 38 | 167 | 54 |
| 31 May 13 | 326 | 38 | 168 | 52 |
Quality Earnings: PGR has high quality earnings.
Growing Profit Margin: PGR's current net profit margins (9.7%) are lower than last year (15.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PGR's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: PGR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PGR had negative earnings growth (-29.6%) over the past year, making it difficult to compare to the Software industry average (3.2%).
Return on Equity
High ROE: PGR's Return on Equity (15%) is considered low.