Progress Software (PRGS) Revenue & Revenue Breakdown
Progress Software Revenue Highlights
Latest Revenue (Y)
$694.44M
Latest Revenue (Q)
$175.08M
Main Segment (Y)
Maintenance and Services
Main Geography (Y)
UNITED STATES
Progress Software Revenue by Period
Progress Software Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-11-30 | $694.44M | 15.35% |
| 2022-11-30 | $602.01M | 13.31% |
| 2021-11-30 | $531.31M | 20.17% |
| 2020-11-30 | $442.15M | 6.98% |
| 2019-11-30 | $413.30M | 4.06% |
| 2018-11-30 | $397.17M | -0.10% |
| 2017-11-30 | $397.57M | -1.92% |
| 2016-11-30 | $405.34M | 7.36% |
| 2015-11-30 | $377.55M | 13.54% |
| 2014-11-30 | $332.53M | -0.44% |
| 2013-11-30 | $334.00M | -0.36% |
| 2012-11-30 | $335.20M | -37.18% |
| 2011-11-30 | $533.60M | 0.85% |
| 2010-11-30 | $529.12M | 7.08% |
| 2009-11-30 | $494.14M | -4.16% |
| 2008-11-30 | $515.56M | 4.47% |
| 2007-11-30 | $493.50M | 10.39% |
| 2006-11-30 | $447.06M | 10.28% |
| 2005-11-30 | $405.38M | 11.78% |
| 2004-11-30 | $362.66M | 17.34% |
| 2003-11-30 | $309.06M | 13.16% |
| 2002-11-30 | $273.12M | 4.25% |
| 2001-11-30 | $262.00M | -3.45% |
| 2000-11-30 | $271.35M | -5.16% |
| 1999-11-30 | $286.10M | 19.26% |
| 1998-11-30 | $239.90M | 27.40% |
| 1997-11-30 | $188.30M | 6.56% |
| 1996-11-30 | $176.70M | -1.89% |
| 1995-11-30 | $180.10M | 29.38% |
| 1994-11-30 | $139.20M | 24.73% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-05-31 | $175.08M | -5.20% |
| 2024-02-29 | $184.69M | 4.36% |
| 2023-11-30 | $176.97M | 1.13% |
| 2023-08-31 | $174.99M | -1.83% |
| 2023-05-31 | $178.25M | 8.54% |
| 2023-02-28 | $164.23M | 4.52% |
| 2022-11-30 | $157.13M | 3.91% |
| 2022-08-31 | $151.22M | 1.66% |
| 2022-05-31 | $148.75M | 2.64% |
| 2022-02-28 | $144.92M | 3.42% |
| 2021-11-30 | $140.13M | -4.94% |
| 2021-08-31 | $147.42M | 20.35% |
| 2021-05-31 | $122.49M | 1.00% |
| 2021-02-28 | $121.28M | -0.90% |
| 2020-11-30 | $122.39M | 11.56% |
| 2020-08-31 | $109.70M | 9.28% |
| 2020-05-31 | $100.38M | -8.48% |
| 2020-02-29 | $109.68M | -6.28% |
| 2019-11-30 | $117.04M | 9.67% |
| 2019-08-31 | $106.72M | 6.72% |
| 2019-05-31 | $100.00M | 11.67% |
| 2019-02-28 | $89.55M | -19.57% |
| 2018-11-30 | $111.33M | 16.36% |
| 2018-08-31 | $95.68M | -0.44% |
| 2018-05-31 | $96.10M | 2.19% |
| 2018-02-28 | $94.05M | -18.98% |
| 2017-11-30 | $116.08M | 19.29% |
| 2017-08-31 | $97.31M | 4.40% |
| 2017-05-31 | $93.21M | 2.47% |
| 2017-02-28 | $90.97M | -22.73% |
| 2016-11-30 | $117.72M | 15.40% |
| 2016-08-31 | $102.02M | 6.14% |
| 2016-05-31 | $96.12M | 7.42% |
| 2016-02-29 | $89.48M | -20.62% |
| 2015-11-30 | $112.72M | 19.11% |
| 2015-08-31 | $94.64M | 6.55% |
| 2015-05-31 | $88.82M | 9.14% |
| 2015-02-28 | $81.38M | -16.87% |
| 2014-11-30 | $97.89M | 23.49% |
| 2014-08-31 | $79.27M | -1.92% |
| 2014-05-31 | $80.83M | 8.44% |
| 2014-02-28 | $74.54M | -18.07% |
| 2013-11-30 | $90.98M | 17.28% |
| 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 | $136.34M | 6.24% |
| 2011-08-31 | $128.33M | -4.71% |
| 2011-05-31 | $134.68M | 0.33% |
| 2011-02-28 | $134.24M | -7.54% |
| 2010-11-30 | $145.18M | 12.77% |
| 2010-08-31 | $128.74M | 0.85% |
| 2010-05-31 | $127.66M | 0.09% |
| 2010-02-28 | $127.55M | -6.76% |
| 2009-11-30 | $136.80M | 14.54% |
| 2009-08-31 | $119.43M | 2.04% |
| 2009-05-31 | $117.05M | -3.15% |
| 2009-02-28 | $120.86M | -13.32% |
| 2008-11-30 | $139.43M | 10.12% |
| 2008-08-31 | $126.62M | -1.03% |
| 2008-05-31 | $127.94M | 5.24% |
| 2008-02-29 | $121.57M | - |
Progress Software generated $175.08M in revenue during Q2 2024, up -5.20% compared to the previous quarter, and up 106.61% compared to the same period a year ago.
Progress Software Revenue Breakdown
Progress Software Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Nov 23 | Nov 22 | Nov 21 | Nov 20 | Nov 19 |
|---|---|---|---|---|---|
| Maintenance and Services | $473.65M | $413.68M | $374.72M | $326.90M | $290.75M |
| Software Licenses | $220.79M | $4.89M | - | - | - |
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/Service | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Maintenance and Services | $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 | $76.03M |
| Software Licenses | $53.98M | $64.10M | $170.25M | $50.54M | $1.60M | $1.20M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Amortization Of Acquired Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.46M |
Progress Software's latest quarterly revenue breakdown by segment (product or service), as of May 24: Maintenance and Services (69.17%), and Software Licenses (30.83%).
Progress Software Revenue Breakdown by Country
Annual Revenue by Country
| Country | Nov 23 | Nov 22 | Nov 21 | Nov 20 | Nov 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
| Country | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | $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 | $3.86M |
| EMEA | $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 | $35.11M |
| North America | $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 | $61.82M | - | - | - | - | - |
| Asia Pacific | $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 | $5.93M |
Progress Software's latest quarterly revenue breakdown by geography, as of May 24: North America (58.78%), EMEA (32.86%), Asia Pacific (5.73%), and Latin America (2.63%).
Progress Software Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| PLUS | ePlus | $2.21B | $551.76M |
| ENV | Envestnet | $1.25B | $348.27M |
| PWSC | PowerSchool | $697.65M | $191.59M |
| PRGS | Progress Software | $694.44M | $175.08M |
| PYCR | Paycor HCM | $654.95M | $187.02M |
| SPNS | Sapiens | $514.58M | $134.25M |
| PRO | PROS | $303.71M | $82.01M |
| MLNK | MeridianLink | $303.62M | $78.68M |
| AGYS | Agilysys | $237.46M | $63.51M |
| ENFN | Enfusion | $174.53M | $49.45M |
| PDFS | PDF Solutions | $165.84M | $41.66M |
| ONTF | ON24 | $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 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). The company'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). PRGS's quarterly revenue for Q4 2023 was $176.97M, a 1.13% increase from the previous quarter (Q3 2023), and a 12.63% increase year-over-year (Q4 2022).
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 Maintenance and Services, and Software Licenses. Maintenance and Services generated $473.65M in revenue, accounting 68.21% of the company's total revenue, up 14.50% year-over-year. Software Licenses generated $220.79M in revenue, accounting 31.79% of the company's total revenue, up 4411.42% 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.