Progress Software Corporation (PRGS)

Net profit margin

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Net income	US$ in thousands	70,197	95,069	78,420	79,722	26,400
Revenue	US$ in thousands	694,439	602,013	531,313	442,150	413,298
Net profit margin		10.11%	15.79%	14.76%	18.03%	6.39%

November 30, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $70,197K ÷ $694,439K
= 10.11%

Progress Software Corp.'s net profit margin has exhibited some fluctuation in recent years. The net profit margin decreased from 18.03% in 2020 to 6.39% in 2019, indicating a significant decline in profitability. However, from 2019 to 2023, there has been an overall upward trend, with the net profit margin increasing from 6.39% to 10.11%. While the net profit margin decreased slightly compared to the prior year, this metric remains relatively healthy, reflecting the company's ability to convert revenue into profits. It is important to further assess the factors contributing to these fluctuations to fully understand the company's profitability dynamics.