Progress Software Corporation (PRGS)

Gross profit margin

		Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019
Gross profit (ttm)	US$ in thousands	581,729	567,862	558,151	543,499	523,816	507,517	492,969	492,897	471,285	452,864	437,970	405,582	388,528	380,036	372,154	363,084	359,344	338,057	323,158	313,174
Revenue (ttm)	US$ in thousands	714,898	694,439	674,596	650,821	621,317	602,013	585,014	581,214	554,955	531,313	513,570	475,852	453,747	442,150	436,803	433,820	433,432	413,298	394,364	383,331
Gross profit margin		81.37%	81.77%	82.74%	83.51%	84.31%	84.30%	84.27%	84.80%	84.92%	85.23%	85.28%	85.23%	85.63%	85.95%	85.20%	83.69%	82.91%	81.79%	81.94%	81.70%

February 29, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $581,729K ÷ $714,898K
= 81.37%

Progress Software Corporation's gross profit margin has shown fluctuations over the past few quarters but generally tends to be in the range of high 80% to low 80%. The trend indicates a consistent ability to generate a high level of profit from sales after accounting for the cost of goods sold. The margin peaked at 85.95% in Feb 2021 and dropped to 81.37% in Feb 2024.

This suggests that the company has been able to effectively manage its production costs and maintain a healthy level of profitability. However, the decreasing trend in recent quarters may warrant further analysis to understand the underlying factors affecting the company's gross profit margin.