Progress Software Corporation (PRGS)

Net profit margin

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Net income	US$ in thousands	68,438	70,197	95,069	78,420	79,722
Revenue	US$ in thousands	753,409	694,439	602,013	531,313	442,150
Net profit margin		9.08%	10.11%	15.79%	14.76%	18.03%

November 30, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $68,438K ÷ $753,409K
= 9.08%

Progress Software Corporation's net profit margin has experienced fluctuations over the past five years.

In November 2020, the net profit margin stood at 18.03%, indicating that the company was able to retain 18.03% of its revenue as net profit. However, there was a slight decline in the net profit margin in November 2021, dropping to 14.76%. This could suggest potential challenges in cost management or revenue generation during that period.

The net profit margin increased to 15.79% in November 2022, showing a slight improvement from the previous year. Nonetheless, there was a noticeable decrease in November 2023, with the net profit margin falling to 10.11%. This significant decline could signal issues affecting profitability, such as increased expenses or a decrease in sales.

Moreover, in November 2024, the net profit margin further decreased to 9.08%, indicating continued challenges in maintaining profitability. This trend suggests the need for the company to address its cost structure, operational inefficiencies, or revenue generation strategies to enhance overall profitability.

Overall, the fluctuating net profit margin of Progress Software Corporation over the past five years underscores the importance of closely monitoring and managing financial performance to ensure sustainable profitability and long-term growth.