Progress Software Q1 Revenue Dips Slightly to $157.3M
Ticker: PRGS · Form: 10-Q · Filed: Mar 31, 2025 · CIK: 876167
| Field | Detail |
|---|---|
| Company | Progress Software Corp /Ma (PRGS) |
| Form Type | 10-Q |
| Filed Date | Mar 31, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: earnings, revenue, software
TL;DR
PRGS Q1 revenue down slightly to $157.3M, net income also down. Watch for guidance.
AI Summary
Progress Software Corp reported its first quarter results for the period ending February 28, 2025. The company's revenue for the quarter was $157.3 million, a slight decrease from $158.1 million in the same period last year. Net income also saw a decline from $41.1 million to $38.9 million year-over-year.
Why It Matters
This filing provides insight into Progress Software's financial performance in early 2025, indicating a minor revenue contraction which could signal market challenges or strategic shifts.
Risk Assessment
Risk Level: medium — The slight decrease in revenue and net income, coupled with the need to monitor future guidance, suggests a moderate level of financial risk.
Key Numbers
- $157.3M — Revenue (Q1 2025 revenue, down from $158.1M in Q1 2024.)
- $38.9M — Net Income (Q1 2025 net income, down from $41.1M in Q1 2024.)
- 1130 — Fiscal Year End (Indicates the company's annual financial reporting cycle.)
Key Players & Entities
- Progress Software Corp (company) — Filer of the 10-Q
- 20250228 (date) — End of the reporting period
- $157.3 million (dollar_amount) — Total revenue for the quarter
- $158.1 million (dollar_amount) — Total revenue for the prior year's comparable quarter
- $38.9 million (dollar_amount) — Net income for the quarter
- $41.1 million (dollar_amount) — Net income for the prior year's comparable quarter
FAQ
What was Progress Software's total revenue for the first quarter ending February 28, 2025?
Progress Software's total revenue for the first quarter ending February 28, 2025, was $157.3 million.
How does the Q1 2025 revenue compare to the same period in the previous year?
The Q1 2025 revenue of $157.3 million is a slight decrease compared to $158.1 million reported for the same period in the previous year.
What was the net income for the quarter ending February 28, 2025?
The net income for the quarter ending February 28, 2025, was $38.9 million.
How did net income change year-over-year for the first quarter?
Net income decreased from $41.1 million in the prior year's comparable quarter to $38.9 million in the first quarter of 2025.
What is Progress Software's fiscal year end?
Progress Software's fiscal year ends on November 30 (1130).
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on March 31, 2025 regarding PROGRESS SOFTWARE CORP /MA (PRGS).