​
​

Progress Software (PRGS) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Progress Software Revenue Highlights

Latest Revenue (Y)

$694.44M

Latest Revenue (Q)

$178.69M

Main Segment (Y)

Maintenance and Services

Main Geography (Y)

UNITED STATES

Progress Software Revenue by Period

Progress Software Revenue by Year

DateRevenueChange
2023-11-30$694.44M15.35%
2022-11-30$602.01M13.31%
2021-11-30$531.31M20.17%
2020-11-30$442.15M6.98%
2019-11-30$413.30M4.06%
2018-11-30$397.17M-0.10%
2017-11-30$397.57M-1.92%
2016-11-30$405.34M7.36%
2015-11-30$377.55M13.54%
2014-11-30$332.53M-0.44%
2013-11-30$334.00M-0.36%
2012-11-30$335.20M-37.18%
2011-11-30$533.60M0.85%
2010-11-30$529.12M7.08%
2009-11-30$494.14M-4.16%
2008-11-30$515.56M4.47%
2007-11-30$493.50M10.39%
2006-11-30$447.06M10.28%
2005-11-30$405.38M11.78%
2004-11-30$362.66M17.34%
2003-11-30$309.06M13.16%
2002-11-30$273.12M4.25%
2001-11-30$262.00M-3.45%
2000-11-30$271.35M-5.16%
1999-11-30$286.10M19.26%
1998-11-30$239.90M27.40%
1997-11-30$188.30M6.56%
1996-11-30$176.70M-1.89%
1995-11-30$180.10M29.38%
1994-11-30$139.20M24.73%
1993-11-30$111.60M-

Progress Software generated $694.44M in revenue during NA 2023, up 15.35% compared to the previous quarter, and up 174.85% compared to the same period a year ago.

Progress Software Revenue by Quarter

DateRevenueChange
2024-08-31$178.69M2.06%
2024-05-31$175.08M-5.20%
2024-02-29$184.69M4.36%
2023-11-30$176.97M1.13%
2023-08-31$174.99M-1.83%
2023-05-31$178.25M8.54%
2023-02-28$164.23M4.52%
2022-11-30$157.13M3.91%
2022-08-31$151.22M1.66%
2022-05-31$148.75M2.64%
2022-02-28$144.92M3.42%
2021-11-30$140.13M-4.94%
2021-08-31$147.42M20.35%
2021-05-31$122.49M1.00%
2021-02-28$121.28M-0.90%
2020-11-30$122.39M11.56%
2020-08-31$109.70M9.28%
2020-05-31$100.38M-8.48%
2020-02-29$109.68M-6.28%
2019-11-30$117.04M9.67%
2019-08-31$106.72M6.72%
2019-05-31$100.00M11.67%
2019-02-28$89.55M-19.57%
2018-11-30$111.33M16.36%
2018-08-31$95.68M-0.44%
2018-05-31$96.10M2.19%
2018-02-28$94.05M-18.98%
2017-11-30$116.08M19.29%
2017-08-31$97.31M4.40%
2017-05-31$93.21M2.47%
2017-02-28$90.97M-22.73%
2016-11-30$117.72M15.40%
2016-08-31$102.02M6.14%
2016-05-31$96.12M7.42%
2016-02-29$89.48M-20.62%
2015-11-30$112.72M19.11%
2015-08-31$94.64M6.55%
2015-05-31$88.82M9.14%
2015-02-28$81.38M-16.87%
2014-11-30$97.89M23.49%
2014-08-31$79.27M-1.92%
2014-05-31$80.83M8.44%
2014-02-28$74.54M-18.07%
2013-11-30$90.98M17.28%
2013-08-31$77.58M-5.05%
2013-05-31$81.70M-8.47%
2013-02-28$89.27M-2.19%
2012-11-30$91.27M-14.84%
2012-08-31$107.17M-6.48%
2012-05-31$114.60M-7.90%
2012-02-29$124.43M-8.74%
2011-11-30$136.34M6.24%
2011-08-31$128.33M-4.71%
2011-05-31$134.68M0.33%
2011-02-28$134.24M-7.54%
2010-11-30$145.18M12.77%
2010-08-31$128.74M0.85%
2010-05-31$127.66M0.09%
2010-02-28$127.55M-6.76%
2009-11-30$136.80M14.54%
2009-08-31$119.43M2.04%
2009-05-31$117.05M-3.15%
2009-02-28$120.86M-13.32%
2008-11-30$139.43M10.12%
2008-08-31$126.62M-1.03%
2008-05-31$127.94M5.24%
2008-02-29$121.57M-

Progress Software generated $178.69M in revenue during Q3 2024, up 2.06% compared to the previous quarter, and up 100.24% compared to the same period a year ago.

Progress Software Revenue Breakdown

Progress Software Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceNov 23Nov 22Nov 21Nov 20Nov 19
Software Licenses$220.79M$4.89M---
Maintenance and Services$473.65M$413.68M$374.72M$326.90M$290.75M

Progress Software's latest annual revenue breakdown by segment (product or service), as of Nov 23: Maintenance and Services (68.21%), and Software Licenses (31.79%).

Quarterly Revenue by Product

Product/ServiceAug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
Maintenance and Services$120.84M$121.10M$120.58M$120.70M$124.45M$121.84M$106.66M$103.97M$103.60M$103.93M$102.17M$98.89M$95.49M$92.38M$87.96M$84.94M$82.19M$80.72M$79.05M$77.70M
Software Licenses$57.85M$53.98M$64.10M$170.25M$50.54M$1.60M--------------

Progress Software's latest quarterly revenue breakdown by segment (product or service), as of Aug 24: Maintenance and Services (67.62%), and Software Licenses (32.38%).

Progress Software Revenue Breakdown by Country

Annual Revenue by Country

CountryNov 23Nov 22Nov 21Nov 20Nov 19
UNITED STATES$380.67M$310.92M$294.95M$240.72M$213.25M
Asia Pacific$38.80M$35.10M$27.13M$22.82M$22.42M
CANADA$31.00M$30.24M$22.87M$20.28M$20.66M
EMEA$222.86M$207.71M$169.34M$143.75M$137.30M
Latin America$21.11M$18.05M$17.04M$14.57M$19.66M

Progress Software's latest annual revenue breakdown by geography, as of Nov 23: UNITED STATES (54.82%), EMEA (32.09%), Asia Pacific (5.59%), CANADA (4.46%), and Latin America (3.04%).

Quarterly Revenue by Country

CountryAug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
Asia Pacific$11.92M$10.04M$9.65M$9.47M$9.97M$11.54M$7.80M$7.67M$9.14M$9.04M$9.24M$7.53M$7.24M$6.32M$6.04M$5.45M$5.78M$6.32M$5.28M$6.08M
EMEA$57.03M$57.54M$63.09M$56.49M$56.78M$56.19M$53.41M$51.70M$52.67M$49.63M$53.70M$46.77M$41.00M$41.32M$40.24M$37.16M$37.45M$34.16M$34.99M$35.19M
North America$104.37M$102.90M$107.28M$101.92M$105.73M$98.83M$84.83M$85.39M$78.09M$93.88M$71.09M$71.50M$62.93M$56.56M$65.41M-----
Latin America$5.36M$4.60M$4.67M$5.82M$6.32M$4.79M$4.19M$4.92M$4.58M$4.68M$3.88M$4.49M$5.30M$3.75M$3.49M$3.68M$3.55M$3.35M$4.00M$7.23M

Progress Software's latest quarterly revenue breakdown by geography, as of Aug 24: North America (58.41%), EMEA (31.92%), Asia Pacific (6.67%), and Latin America (3.00%).

Progress Software Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
PLUSePlus$2.21B$147.99M
ENVEnvestnet$1.25B$340.38M
PRGSProgress Software$694.44M$178.69M
PYCRPaycor HCM$654.95M$167.48M
SPNSSapiens$514.58M$134.25M
PROPROS$303.71M$82.70M
MLNKMeridianLink$303.62M$80.37M
AGYSAgilysys$237.46M$68.28M
ENFNEnfusion$174.53M$51.17M
PDFSPDF Solutions$165.84M$46.41M
ONTFON24$163.71M$37.35M

PRGS Revenue FAQ

What is Progress Software’s yearly revenue?

Progress Software's yearly revenue for 2023 was $694.44M, representing an increase of 15.35% compared to 2022. The company's yearly revenue for 2022 was $602.01M, representing an increase of 13.31% compared to 2021. PRGS's yearly revenue for 2021 was $531.31M, representing an increase of 20.17% compared to 2020.

What is Progress Software’s quarterly revenue?

Progress Software's quarterly revenue for Q3 2024 was $178.69M, a 2.06% increase from the previous quarter (Q2 2024), and a 2.11% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $175.08M, a -5.20% decrease from the previous quarter (Q1 2024), and a -1.78% decrease year-over-year (Q2 2023). PRGS's quarterly revenue for Q1 2024 was $184.68M, a 4.36% increase from the previous quarter (Q4 2023), and a 12.46% increase year-over-year (Q1 2023).

What is Progress Software’s revenue growth rate?

Progress Software's revenue growth rate for the last 3 years (2021-2023) was 30.70%, and for the last 5 years (2019-2023) was 68.02%.

What are Progress Software’s revenue streams?

Progress Software's revenue streams in v 23 are Software Licenses, and Maintenance and Services. Software Licenses generated $220.79M in revenue, accounting 31.79% of the company's total revenue, up 4411.42% year-over-year. Maintenance and Services generated $473.65M in revenue, accounting 68.21% of the company's total revenue, up 14.50% year-over-year.

What is Progress Software’s main source of revenue?

For the fiscal year ending Nov 23, the largest source of revenue of Progress Software was Maintenance and Services. This segment made a revenue of $473.65M, representing 68.21% of the company's total revenue.