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Close of 9 Nov 2026, in USD
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About Progress Software
From its filings with the US Securities and Exchange Commission
Progress Software is based in Burlington, Massachusetts and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker PRGS. The SEC classifies its business as prepackaged software. In the fiscal year to 30 November 2025, it reported revenue of $977.8m and net income of $73.1m. At that date it held total assets of $2.46bn and shareholders' equity of $478.3m. By region, United States accounted for 60.9%, followed by EMEA at 28.7% and Asia Pacific at 5.3%.
Progress Software Corporation ("Progress," the "Company," "we," "us," or "our") provides software products that enable our customers to develop, deploy, and manage responsible AI-powered applications and digital experiences with agility and ease. We operate in North America, Latin America, Europe, the Middle East and Africa ("EMEA"), and Asia and Australia ("Asia Pacific"), through local subsidiaries as well as independent distributors.
A key element of our strategy is centered on the goal of building and maintaining leading products and tools organizations need to build, deploy, and manage modern, strategic business applications. We offer our products and tools to both new customers and partners, as well as our existing partner and customer ecosystems.
Our organizational philosophy and operating principles focus primarily on customer and partner retention and success, and a streamlined operating approach to drive predictable and stable recurring revenue and high levels of profitability.
We are pursuing a total growth strategy driven by accretive acquisitions of businesses and products that meet our strict strategic, financial, and operating criteria, which help to further our goal of providing stockholder returns. In April 2019, we acquired Ipswitch; in October 2020, we acquired Chef Software; in November 2021, we acquired Kemp Technologies; in February 2023, we acquired MarkLogic; in October 2024, we acquired ShareFile; and in June 2025, we acquired Nuclia.
Quoted from its 10-K, filed 20 Jan 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Software
- Listed since
- 30 Jul 1991
- Employees
- 2,801
- Website
- progress.com ↗
- Head office
- 15 WAYSIDE ROAD, SUITE 400, BURLINGTON, MA, 01803
- Incorporated in
- DE
- Classification
- Services-Prepackaged Software
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. John EganIndependent Chairman of the Board$360,042
- Mr. Yogesh GuptaPresident, Chief Executive Officer, Director, since 2016$10.4m
- Mr. Anthony FolgerChief Financial Officer, Executive Vice President$3.8m
- Mr. Ian PittExecutive Vice President, Chief Information Officer
- Ms. Yufan WangExecutive Vice President, Chief Legal Officer, Corporate Secretary and Chief Compliance Officer
- Mr. John AinsworthExecutive Vice President, General Manager - Application and Data Platform$2.2m
- Ms. Loren JarrettExecutive Vice President, General Manager - Digital Experience$2.2m
- Mr. Sundar SubramanianExecutive Vice President, General Manager - Infrastructure Management$2.2m
- Mr. Ed KeislingChief AI Officer
- Mr. Paul DacierIndependent Director$287,542
- Dr. Rainer GawlickIndependent Director$310,042
- Mr. Charles KaneIndependent Director$315,042
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 69
- Environment
- 54
- Social
- 79
- Governance
- 74
- Direct emissions (scope 1)
- 59.517 t
- Energy emissions (scope 2)
- 1,518.39 t
- Value chain emissions (scope 3)
- 2,830.78 t
- Women in the workforce
- 32.9%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Progress Software Corp has established a strong market presence, with a significant share in the software industry. Its products and services are well-known and trusted by a wide range of businesses.
- The company offers a diverse range of software solutions, catering to various industries and needs. This helps Progress Software Corp to capture a larger customer base and mitigate the risks associated with dependence on a single product or industry.
- Progress Software Corp is known for delivering high-quality products and excellent customer support. This has resulted in a loyal customer base, contributing to long-term relationships and repeat business.
Weaknesses
- Although Progress Software Corp has a strong presence in the domestic market, its international reach is relatively limited. This restricts the company's growth opportunities in emerging markets and exposes it to risks associated with economic fluctuations in specific regions.
- The company still relies on some legacy products that may become less relevant or outdated in the rapidly evolving technology landscape. This dependence poses a challenge in terms of adapting to modern market demands and may require significant investments in product development.
Opportunities
- The advancements in emerging technologies, such as artificial intelligence, cloud computing, and Internet of Things (IoT), present opportunities for Progress Software Corp to develop innovative solutions and leverage these technologies to enhance its product offerings.
- Collaborating with strategic partners can provide access to new markets, resources, and expertise. By establishing partnerships with technology leaders or industry-specific companies, Progress Software Corp can expand its reach and increase market penetration.
Threats
- The software industry is highly competitive, with numerous players vying for market share. Progress Software Corp faces threats from both established competitors and emerging startups offering similar products or services. Sustaining a competitive edge requires continuous innovation and differentiation.
- The software industry is constantly evolving, driven by rapid technological advancements. Progress Software Corp needs to stay updated and adapt quickly to new technologies, while also ensuring a seamless transition for its existing customers. Failure to keep pace with industry trends may result in losing market relevance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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