Progress Software Corporation (PRGS)

Net 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
Net income (ttm)	US$ in thousands	69,162	70,197	78,570	81,269	98,289	95,069	86,287	95,466	79,913	78,420	81,155	74,156	77,567	79,722	57,321	46,901	38,114	26,400	39,784	40,617
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
Net profit margin		9.67%	10.11%	11.65%	12.49%	15.82%	15.79%	14.75%	16.43%	14.40%	14.76%	15.80%	15.58%	17.09%	18.03%	13.12%	10.81%	8.79%	6.39%	10.09%	10.60%

February 29, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $69,162K ÷ $714,898K
= 9.67%

Progress Software Corporation's net profit margin has displayed some fluctuations over the past several quarters. The trend shows that the company's net profit margin has generally been above 10%, indicating a healthy level of profitability. However, there have been some variations in the margin, with some quarters showing higher profitability compared to others.

In recent quarters, there has been a slight decline in the net profit margin, dropping from 15.82% in February 2023 to 9.67% in February 2024. This decrease may raise concerns about the company's ability to maintain its historically strong profitability levels. It is important for investors and stakeholders to monitor future financial performance to see if this downward trend continues or if the company is able to improve its profitability margins.

Overall, while the net profit margin for Progress Software Corporation has shown some volatility, it still remains at a respectable level compared to industry averages. Keeping a close eye on factors affecting profitability, such as costs, revenues, and operational efficiency, will be crucial in evaluating the company's financial health and sustainability in the long run.