Similar companies
| Company | Revenue | |
|---|---|---|
 |
OracleORCL |
13.3B 22.5% |
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 179M | 2.1% |
| Gross Profit | 150M | 4.6% |
| Cost of Revenue | 29M | 9.4% |
| Operating expense | 109M | 5.7% |
| Net Income | 28M | 75.8% |
| EBITDA | 59M | 43.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.62B | 2.1% |
| Total Liabilities | 1.19B | 0.8% |
| Total Equity | 426M | 6% |
| Shares Outstanding | 43M | 0.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 58M | 9.5% |
| Cash from investing | -1.1M | 11.4% |
| Cash from financing | -17M | 224.7% |
EPS
Financial Highlights for Progress Software in Q3 '24
Progress Software reported a revenue of 179M, which is a 2.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 150M, marking a 4.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 29M, a -9.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 109M, showing a -5.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 28M, showing a 75.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 59M, showing a 43.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Progress Software with growth in revenue, gross profit, and net income.
