Progress Software Corporation


SKU: PRGS Category:


Progress Software Corporation: Initiation Of Coverage – Decoding the 4 Primary Contributors to Its Growth Surge!


Progress Software Corporation concluded its fourth fiscal quarter of 2023 with strong performance across its portfolio, especially in its OpenEdge, DataDirect, and Sitefinity products. The company recorded top-line revenues of $178 million, which can be attributed to stable demand for its products. Further, the company’s net retention rate was commendable, remaining at a steady 100%, and operating margins were better than expected.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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