Progress Software Management
Management criteria checks 3/4
Progress Software's CEO is Yogesh Gupta, appointed in Oct 2016, has a tenure of 8.17 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 $10.27M. The average tenure of the management team and the board of directors is 5 years and 7.5 years respectively.
Key information
Yogesh Gupta
Chief executive officer
US$8.6m
Total compensation
| CEO salary percentage | 6.9% |
| CEO tenure | 8.2yrs |
| CEO ownership | 0.4% |
| Management average tenure | 5yrs |
| Board average tenure | 7.5yrs |
Recent management updates
Recent updates
At US$68.73, Is It Time To Put Progress Software Corporation (NASDAQ:PRGS) On Your Watch List?
Nov 22
Progress Software Corporation (NASDAQ:PRGS) Not Flying Under The Radar
Nov 07Progress Software's (NASDAQ:PRGS) Earnings Seem To Be Promising
Oct 15Progress Software Q3 Earnings: This Stock Is Ready To Move Higher
Sep 25Progress Software Is Investing In Its Long-Term Position In AI
Sep 10An Intrinsic Calculation For Progress Software Corporation (NASDAQ:PRGS) Suggests It's 49% Undervalued
Aug 30Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175
Aug 06Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175
Jul 23Progress Software Boosts Outlook Amid Market Challenges
Jul 05Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175
Jun 29Market Participants Recognise Progress Software Corporation's (NASDAQ:PRGS) Earnings
Jun 19What Does Progress Software Corporation's (NASDAQ:PRGS) Share Price Indicate?
May 27Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175
Apr 22Progress Software (NASDAQ:PRGS) Has Announced A Dividend Of $0.175
Apr 01Results: Progress Software Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
Mar 29Does Progress Software (NASDAQ:PRGS) Have A Healthy Balance Sheet?
Mar 13Progress Software's Balance Sheet Weakness Stands Out, But The Stock Looks Undervalued
Mar 11Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175
Feb 06There May Be Reason For Hope In Progress Software's (NASDAQ:PRGS) Disappointing Earnings
Feb 02Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175
Jan 20Progress Software Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Jan 19Getting In Cheap On Progress Software Corporation (NASDAQ:PRGS) Is Unlikely
Jan 02At US$52.92, Is Progress Software Corporation (NASDAQ:PRGS) Worth Looking At Closely?
Nov 08Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175
Sep 30Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175
Aug 18Should You Think About Buying Progress Software Corporation (NASDAQ:PRGS) Now?
Aug 06Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175
Jul 22Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175
Jul 04Progress Software Corporation's (NASDAQ:PRGS) Intrinsic Value Is Potentially 63% Above Its Share Price
Jun 27Here's Why We Think Progress Software (NASDAQ:PRGS) Is Well Worth Watching
Apr 18CEO 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 about average for companies of similar size in the US market ($USD6.66M).
Compensation vs Earnings: Yogesh's compensation has increased by more than 20% in the past year.
CEO
Yogesh Gupta (63 yo)
8.2yrs
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 | 8.2yrs | US$8.64m | 0.37% $ 10.3m | |
| Executive VP & CFO | 4.9yrs | US$3.54m | 0.079% $ 2.2m | |
| Executive VP & GM of Application & Data Platform | 7.9yrs | US$1.99m | 0.081% $ 2.3m | |
| Executive VP & GM of Digital Experience | 5.5yrs | US$1.98m | 0.032% $ 885.5k | |
| Executive VP & GM of Infrastructure Management | 5.3yrs | US$2.00m | 0.043% $ 1.2m | |
| Chief Accounting Officer | no data | no data | 0.012% $ 340.5k | |
| Executive VP & Chief Information Officer | 3.3yrs | no data | 0.0074% $ 207.3k | |
| 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 | 5.2yrs | no data | no data | |
| Executive Vice President of Corporate Development | 4.6yrs | US$1.59m | no data | |
| Chief People Officer | less than a year | no data | no data |
5.0yrs
Average Tenure
52yo
Average Age
Experienced Management: PRGS's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8.2yrs | US$8.64m | 0.37% $ 10.3m | |
| Non-Voting Director Emeritus and Advisor to President & CEO | 6.6yrs | US$280.01k | no data | |
| Independent Non-Executive Chairman of the Board | 13.3yrs | US$360.04k | no data | |
| Independent Director | 7.5yrs | US$287.54k | no data | |
| Independent Director | 16.8yrs | US$300.04k | 0.11% $ 3.0m | |
| Independent Director | 18.1yrs | US$315.04k | 0.15% $ 4.3m | |
| Independent Director | 5.2yrs | US$300.04k | no data | |
| Independent Director | 6.8yrs | US$305.04k | no data | |
| Independent Director | 7.5yrs | US$310.04k | 0.0023% $ 65.5k | |
| Independent Director | 6.8yrs | US$320.04k | no data |
7.5yrs
Average Tenure
65yo
Average Age
Experienced Board: PRGS's board of directors are considered experienced (7.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 02:24 |
| End of Day Share Price | 2024/12/30 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 |
| |
| Management | 10 years |
| |
| 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 |