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Progress Software's revenue is $694.4 million.

What is Progress Software's revenue?

Progress Software's annual revenue is $694.4M. Zippia's data science team found the following key financial metrics about Progress Software after extensive research and analysis.
  • Progress Software's revenue growth from 2009 to 2023 is 40.54%.
  • Progress Software has 2,100 employees, and the revenue per employee ratio is $330,685.
  • Progress Software's peak quarterly revenue was $178.3M in 2023(q2).
  • Progress Software peak revenue was $694.4M in 2023.
  • Progress Software annual revenue for 2022 was 602.0M, 13.31% growth from 2021.
  • Progress Software annual revenue for 2023 was 694.4M, 15.35% growth from 2022.

On This Page

Most Recent Quarter Revenue
$177.0M (Q4'2023)
Company Most Recent Quarter Revenue
Peak Revenue
$694.4M (2023)
Company Peak Revenue
Revenue / Employee
$330,685
Company Revenue / Employee
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Most Recent Quarter Revenue
$177.0M (Q4'2023)
Company Most Recent Quarter Revenue
Peak Revenue
$694.4M (2023)
Company Peak Revenue
Revenue / Employee
$330,685
Company Revenue / Employee

Progress Software historical revenue

Progress Software's peak revenue was $694.4M in 2023. The peak quarterly revenue was $178.3M in 2023(q2).

Progress Software's revenue increased from $494.1m in 2009 to $694.4M currently. That's a 40.54% change in annual revenue.

Progress Software annual revenue

$694M
$556M
$417M
$278M
$139M
$0
2018
2019
2020
2021
2022
2023

Progress Software annual revenue over time

Fiscal Year / YearProgress Software Revenue
2009$494.1M
2010$351.6M
2011$333.6M
2012$317.6M
2013$334.0M
2014$332.5M
2015$377.6M
2016$405.3M
2017$397.6M
2018$379.0M
2019$413.3M
2020$442.2M
2021$531.3M
2022$602.0M
2023$694.4M

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Progress Software annual growth

Progress Software saw the greatest revenue growth in 2021, when revenue increased by 20.17%.

Progress Software had the lowest revenue growth in 2010, when revenue changed by -28.84%.

Progress Software annual growth rate over time

YearProgress Software Growth
2010
-29%
2011
-5%
2012
-5%
2013
5%
2014
-0%
2015
14%
2016
7%
2017
-2%
2018
-5%
2019
9%
2020
7%
2021
20%
2022
13%
2023
15%

Progress Software quarterly revenue over time

  • Q1
  • Q2
  • Q3
  • Q4
$178M
$143M
$107M
$71M
$36M
$0
2019
2020
2021
2022
2023

Progress Software quarterly growth rate over time

YearQ1Q2Q3Q4
2010--$128.7M($32.3M)
2011$134.2M$134.7M$124.5M($52.8M)
2012$87.2M$74.1M$74.4M$86.6M
2013$83.7M$81.7M$77.6M$91.0M
2014$74.5M$80.8M$79.3M$97.9M
2015$81.4M$88.8M$94.6M$112.7M
2016$89.5M$96.1M$102.0M$117.7M
2017$91.0M$93.2M$97.3M$116.1M
2018$94.0M$96.1M$95.7M$93.1M
2019$89.5M$100.0M$106.7M$117.0M
2020$109.7M$100.4M$109.7M$122.4M
2021$121.3M$122.5M$147.4M$140.1M
2022$144.9M$148.7M$151.2M$157.1M
2023$164.2M$178.3M$175.0M$177.0M

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Progress Software Financial Information

CEOYogesh K. Gupta
IndustrySoftware & Services
Company TypePublic
Employees Number2,100
Date Founded1981
HeadquartersBedford, Massachusetts
Number of Locations10
Revenue$694.4M
Net Income$70,197,000
Gross Proft$567.9M (2023)
EBITDA$176.9M (2023)
PE Ratio22.49
Tax Rate0.1%
Market Capitalization$1.6B
Total Assets$1,602,783,000
TickerPRGS

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Progress Software Financing

Progress Software received early financing of $0.0 on 1990-01-01.

SeriesRound SizeDate
Venture Round - Progress01/1990

Progress Software Investors

InvestorsSecurity Type
Sequoia CapitalVenture Round - Progress

Progress Software competitors

Progress Software Revenue FAQs

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Zippia gives an in-depth look into the details of Progress Software, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Progress Software. The employee data is based on information from people who have self-reported their past or current employments at Progress Software. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Progress Software. The data presented on this page does not represent the view of Progress Software and its employees or that of Zippia.

Progress Software may also be known as or be related to Progress Software Corp, Progress Software Corporation, Progress Software, PROGRESS SOFTWARE CORP MA, Data Language Corporation and Rollbase (acquired by Progress).