Progress Software Corporation (PRGS)

Operating profit margin

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Operating income	US$ in thousands	124,003	110,523	132,131	116,102	107,728
Revenue	US$ in thousands	753,409	694,439	602,013	531,313	442,150
Operating profit margin		16.46%	15.92%	21.95%	21.85%	24.36%

November 30, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $124,003K ÷ $753,409K
= 16.46%

Progress Software Corporation's operating profit margin has exhibited some fluctuations over the past five years. The margin stood at 24.36% as of November 30, 2020, showing a healthy level of profitability. However, there was a slight decline in the margin to 21.85% in the following year (November 30, 2021), which may indicate some challenges in controlling operating expenses or generating sufficient revenue.

Subsequently, the operating profit margin remained relatively stable around 22% for the next two years (November 30, 2022 and November 30, 2023). However, there was a noticeable decrease to 15.92% as of November 30, 2023, suggesting a potential decline in operating efficiency or profitability.

In the most recent period ending November 30, 2024, the operating profit margin showed a slight recovery to 16.46%, indicating a modest improvement in operational performance.

Overall, while there have been fluctuations in Progress Software Corporation's operating profit margin over the past five years, it is important for the company to focus on maintaining and improving operating efficiency to sustain profitability in the long term.