Progress Software Corp
NASDAQ:PRGS
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Gross Margin
Progress Software Corp
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
Country | US |
Market Cap | 2.8B USD |
Gross Margin |
82%
|
Country | US |
Market Cap | 3.2T USD |
Gross Margin |
69%
|
Country | US |
Market Cap | 474.4B USD |
Gross Margin |
71%
|
Country | US |
Market Cap | 225.1B USD |
Gross Margin |
79%
|
Country | US |
Market Cap | 89.2B USD |
Gross Margin |
75%
|
Country | US |
Market Cap | 74.2B USD |
Gross Margin |
80%
|
Country | US |
Market Cap | 61.2B USD |
Gross Margin |
74%
|
Country | US |
Market Cap | 58B EUR |
Gross Margin |
81%
|
Country | US |
Market Cap | 54.6B USD |
Gross Margin |
0%
|
Country | US |
Market Cap | 28.7B USD |
Gross Margin |
78%
|
Country | IL |
Market Cap | 20.7B USD |
Gross Margin |
88%
|
Progress Software Corp
Glance View
Progress Software Corp. is a pioneering player in the software industry, carving out its niche by providing businesses with the building blocks necessary for digital transformation. Founded in 1981, the Massachusetts-based company has evolved in harmony with the ever-changing tech landscape. At its core, Progress Software offers robust cloud and hybrid deployment tools that empower developers to create, deploy, and manage complex applications with ease. By offering an array of products such as application development platforms, data connectivity solutions, and application management tools, Progress caters to the dynamic needs of businesses that seek to enhance efficiency and innovate swiftly. These offerings serve multiple sectors from finance to healthcare, enabling enterprises to integrate powerful functionalities into their operations without starting from scratch. The company's revenue streams are as multifaceted as its product offerings. Primarily, Progress Software generates income through software license fees, subscriptions, maintenance, and support services. As businesses increasingly prioritize digital agility, the recurring nature of its subscription and support revenues has proved pivotal, offering not just growth but also financial predictability. Moreover, strategic acquisitions have bolstered its product suite, cementing its role as a comprehensive solution provider. By consistently updating its technologies to remain at the forefront of trends such as artificial intelligence and machine learning, Progress ensures its clients can adapt to future challenges, thus maintaining its significance in a tech-driven world. In essence, Progress Software thrives by being the architect of digital frameworks that foster innovation across industries.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Progress Software Corp's most recent financial statements, the company has Gross Margin of 82.2%.