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Progress Software Corp (PRGS) Files 10-K for the Fiscal Year Ended on November 30, 2017

- By insider

Progress Software Corp (PRGS) files its latest 10-K with SEC for the fiscal year ended on November 30, 2017. Progress Software Corporation is involved in application development, empowering enterprises to build mission critical business applications. It offers spanning web, mobile and data for on-premise and cloud environments. Progress Software Corp has a market cap of $2.42 billion; its shares were traded at around $50.62 with a P/E ratio of 65.73 and P/S ratio of 6.20. The dividend yield of Progress Software Corp stocks is 1.03%.


For the last quarter Progress Software Corp reported a revenue of $116.1 million, compared with the revenue of $117.7 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $397.6 million, a decrease of 1.9% from the previous year. For the last five years Progress Software Corp had an average revenue growth rate of 5.4% a year.

The reported diluted earnings per share was 77 cents for the year. The Progress Software Corp had a decent operating margin of 17.76%, compared with the operating margin of -7.33% a year before. The 10-year historical median operating margin of Progress Software Corp is 18.42%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, Progress Software Corp has the cash and cash equivalents of $183.6 million, compared with $207.0 million in the previous year. The long term debt was $116.1 million, compared with $120.0 million in the previous year. Progress Software Corp has a financial strength rank of 7 (out of 10).

At the current stock price of $50.62, Progress Software Corp is traded at 69.8% premium to its historical median P/S valuation band of $29.81. The P/S ratio of the stock is 6.20, while the historical median P/S ratio is 3.63. The stock gained 74.57% during the past 12 months.

For the complete 20-year historical financial data of PRGS, click here.

This article first appeared on GuruFocus.


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