Progress Software (PRGS) Revenue & Revenue Breakdown

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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

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
2024-08-31	$178.69M	2.06%
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 $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/Service	Nov 23	Nov 22	Nov 21	Nov 20	Nov 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/Service	Aug 24	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
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

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	Aug 24	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
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

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PLUS	ePlus	$2.21B	$147.99M
PRGS	Progress Software	$694.44M	$178.69M
PYCR	Paycor HCM	$654.95M	$167.48M
SPNS	Sapiens	$514.58M	$134.25M
PRO	PROS	$303.71M	$82.70M
MLNK	MeridianLink	$303.62M	$80.37M
AGYS	Agilysys	$237.46M	$68.28M
ENFN	Enfusion	$174.53M	$51.17M
PDFS	PDF Solutions	$165.84M	$46.41M
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 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.