Earnings Summary

Progress Software Corp’s revenue jumped 12.46% since last year same period to $184.69Mn in the Q1 2024. On a quarterly growth basis, Progress Software Corp has generated 4.36% jump in its revenue since last 3-months.

Progress Software Corp’s net profit fell -4.37% since last year same period to $22.64Mn in the Q1 2024. On a quarterly growth basis, Progress Software Corp has generated 47.63% jump in its net profits since last 3-months.

Progress Software Corp’s net profit margin fell -14.97% since last year same period to 12.26% in the Q1 2024. On a quarterly growth basis, Progress Software Corp has generated 41.46% jump in its net profit margins since last 3-months.

Progress Software Corp’s price-to-earnings ratio after this Q1 2024 earnings stands at 32.3.

Progress Software Corp’s earning per share (EPS) estimates for the current quarter stand at 0.95 - a -16.67% fall from last quarter’s estimates.

Progress Software Corp’s earning per share (EPS) estimates for the current year stand at 0.95.

Progress Software Corp’s earning per share (EPS) jumped 5.04% since last year same period to 1.25 in the Q1 2024. This indicates that the Progress Software Corp has generated 5.04% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Progress Software Corp’s return on assets (ROA) stands at 0.05.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Progress Software Corp’s return on equity (ROE) stands at 0.16.

Progress Software Corp declared 0.18 dividend per share during the earnings announcement for Q1 2024.