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Progress Software Corp  (PRGS)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 

PRGS's Net Income Growth by Quarter and Year

Progress Software's Net Income results by quarter and year




PRGS Net Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter November - 5.63 21.80 30.98
III Quarter August - 19.10 29.11 13.56
II Quarter May 16.19 23.67 20.45 18.96
I Quarter February 22.64 23.71 14.93 -9.65
FY   38.83 72.11 86.29 53.85



PRGS Net Income second quarter 2024 Y/Y Growth Comment
Progress Software Corp reported fall in Net Income in the second quarter 2024 by -31.61% to $ 16.19 millions, from the same quarter in 2023.
The drop in the second quarter 2024 Progress Software Corp's Net Income compares unfavorably to the Company's average Net Income growth of 0.01%.

According to the results reported in the second quarter 2024, Progress Software Corp achieved the best Net Income growth in Software & Programming industry. While Progress Software Corp' s Net Income drop of -31.61% ranks overall at the positon no. 18 in the second quarter 2024.




PRGS Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter November - -74.17 % -29.63 % 29.19 %
III Quarter August - -34.39 % 114.68 % -20.09 %
II Quarter May -31.61 % 15.75 % 7.86 % -60.85 %
I Quarter February -4.51 % 58.81 % - -
FY   - -16.43 % 60.24 % -36.38 %

Financial Statements
Progress Software's second quarter 2024 Net Income $ 16.19 millions PRGS's Income Statement
Progress Software's second quarter 2023 Net Income $ 23.67 millions Quarterly PRGS's Income Statement
New: More PRGS's historic Net Income Growth >>


PRGS Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter November - -70.52 % -25.11 % 128.47 %
III Quarter August - -19.31 % 42.35 % -28.48 %
II Quarter May -28.5 % -0.17 % 36.97 % -
I Quarter February 302.13 % 8.76 % -51.81 % -
FY (Year on Year)   - -16.43 % 60.24 % -36.38 %




Net Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Software & Programming Industry #1
Technology Sector #3
Overall #18

Net Income Y/Y Growth Statistics
High Average Low
201.98 % 0.01 % -130.28 %
(Nov 30 2020)   (March 31, 2015)
Net Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Software & Programming Industry #1
Technology Sector #3
Overall #18
Net Income Y/Y Growth Statistics
High Average Low
201.98 % 0.01 % -130.28 %
(Nov 30 2020)   (March 31, 2015)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Progress Software's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
535.37 % 42.86 % -87.43 %
(Aug 31 2013)  


PRGS's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2024 Progress Software Corp realized fall in Net Income sequentially by -28.5% to $ 16.19 millions, from $ 22.64 millions achived a quarter before.

It's not huge problem, as II. Quarter Net Income always tend to slow in the II. Quarter.

Within Software & Programming industry Progress Software Corp achieved highest sequential Net Income growth. While Progress Software's Net Income growth quarter on quarter, overall rank is 37.


Net Income Q/Q Growth Company Ranking
Within: No.
Software & Programming Industry #1
Technology Sector #5
Overall #37
Net Income Q/Q Growth Company Ranking
Within: No.
Software & Programming Industry #1
Technology Sector #5
Overall #37
Net Income Q/Q Growth Statistics
High Average Low
535.37 % 42.86 % -87.43 %
(Aug 31 2013)  


PRGS's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2024 Progress Software Corp reported fall in Net Income from the first quarter by -28.5% to $ 16.19 millions, from $ 22.64 millions released in the previous reporting period.

When you analyse present slump in the II. Quarter 2024, you must presume, that commonly II. Quarter performance occur softer in contrast to the quarter before

Within Software & Programming industry Progress Software Corp achieved highest sequential Net Income growth. While Progress Software's Net Income growth quarter on quarter, overall rank is 37.


Progress Software's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(May 31 2024)
12 Months Ending
(Feb 29 2024)
12 Months Ending
(Nov 30 2023)
12 Months Ending
(Aug 31 2023)
12 Months Ending
(Feb 28 2023)
Cumulative Net Income 12 Months Ending $ 63.55 $ 71.04 $ 72.11 $ 88.28 $ 98.29
Y / Y Net Income Growth (TTM) -35.34 % -25.28 % -16.43 % -7.53 % 23 %
Year on Year Net Income Growth Overall Ranking # 9 # 83 # 523 # 10 # 0
Seqeuential Net Income Change (TTM) -10.54 % -1.48 % -18.32 % -10.19 % 3.39 %
Seq. Net Income Growth (TTM) Overall Ranking # 18 # 115 # 680 # 24 # 0




Cumulative Net Income growth Comment
Progress Software's cumulative 12 months Net Income continue to drop, but on the faster rate at -35.34% year on year, at May 31 2024 compare to the -25.28% decrease at Feb 29 2024. If the Progress Software's fiscal year would end at May 31 2024, annual Net Income would be $64 millions.

Looking into Technology sector trailing twelve month Net Income increase, only one company had higher growth. While Total ranking has impoved so far to 9, from total ranking in previous quarter at 83.

Net Income TTM Q/Q Growth Statistics
High Average Low
201.98 %
0.01 %
-130.28 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Software & Programming Industry # 1
Technology Sector # 2
Overall # 9

Net Income TTM Y/Y Growth Statistics
High Average Low
201.98 %
0.01 %
-130.28 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 3
S&P 500 # 18
Cumulative Net Income growth Comment
Progress Software's cumulative 12 months Net Income continue to drop, but on the faster rate at -35.34% year on year, at May 31 2024 compare to the -25.28% decrease at Feb 29 2024. If the Progress Software's fiscal year would end at May 31 2024, annual Net Income would be $64 millions.

Looking into Technology sector trailing twelve month Net Income increase, only one company had higher growth. While Total ranking has impoved so far to 9, from total ranking in previous quarter at 83.

Net Income TTM Q/Q Growth Statistics
High Average Low
201.98 %
0.01 %
-130.28 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Software & Programming Industry # 1
Technology Sector # 2
Overall # 9

Net Income TTM Y/Y Growth Statistics
High Average Low
201.98 %
0.01 %
-130.28 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 3
S&P 500 # 18




Other Net Income Growth
Software & Programming Industry Net Income Growth Trends and Statistics
Technology Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
PRGS's Net Income Growth Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for PRGS's Competitors
Net Income Growth for Progress Software's Suppliers
Net Income Growth for PRGS's Customers

You may also want to know
PRGS's Annual Growth Rates PRGS's Profitability Ratios PRGS's Asset Turnover Ratio PRGS's Dividend Growth
PRGS's Roe PRGS's Valuation Ratios PRGS's Financial Strength Ratios PRGS's Dividend Payout Ratio
PRGS's Roa PRGS's Inventory Turnover Ratio PRGS's Growth Rates PRGS's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending May 31 2024 within Technology SectorY/Y Change %Net Income for the quarter ending May 31 2024
Science applications International corporation-21.43%$ -21.429 millions
Simulations Plus Inc -21.73%$ -21.732 millions
Jabil Inc-44.64%$ -44.635 millions




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