Progress Software First Quarter 2025 Earnings: Beats Expectations

Simply Wall St

April 02, 2025

Progress Software (NASDAQ:PRGS) First Quarter 2025 Results

Key Financial Results

Revenue: US$238.0m (up 29% from 1Q 2024).
Net income: US$10.9m (down 52% from 1Q 2024).
Profit margin: 4.6% (down from 12% in 1Q 2024).
EPS: US$0.25 (down from US$0.52 in 1Q 2024).

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earnings-and-revenue-growth — NasdaqGS:PRGS Earnings and Revenue Growth April 2nd 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Progress Software Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 4.7% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Progress Software (including 1 which is significant).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.