NASDAQ$PRGS
Progress Software Corporation · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Progress Software's Q4 2019 earnings exceeded annual guidance for revenue and achieved record cash flows.
Progress Software reported strong Q4 2019 results, exceeding revenue and EPS guidance. The company's recent acquisition, Ipswitch, contributed more than expected, validating their focus on accretive M&A. Progress anticipates continued momentum in 2020, driven by their strategic plan.
- GAAP revenue was $117.0 million, a 19% year-over-year increase.
- Non-GAAP revenue was $123.4 million, a 26% year-over-year increase.
- GAAP diluted loss per share was $0.11, a 158% decrease.
- Non-GAAP diluted earnings per share was $0.79, a 46% increase.
Headline financials
Revenue & EPS history
Progress Software · Revenue · Quarterly
$123M
Revenue by segment
Progress Software · $175M total across 2 segments · Q3 2023
- Maintenance$124M+20.1%71.1%
- Software Licenses$50.5M+6.1%28.9%
Forward guidance
Progress provided guidance for the fiscal year ending November 30, 2020 and for the fiscal first quarter ending February 29, 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q4 2019
+1.8%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+3.1%
Avg return
30 days after
59%
40 / 68 earnings
Positive
+19.8%
Q1 2019
Best reaction
-15.5%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -9.3% | -4.0% | — | |
| Q4 2025 | +10.7% | +11.1% | +4.5% | |
| Q3 2025 | +3.2% | +8.4% | -1.8% | |
| Q2 2025 | +1.8% | +0.3% | -4.0% | |
| Q1 2025 | +12.1% | +9.0% | +16.7% | |
| Q4 2024 | -9.0% | -15.8% | -10.1% | |
| Q3 2024 | +12.4% | +16.6% | +14.5% | |
| Q2 2024 | +12.2% | +10.8% | +17.3% | |
| Q1 2024 | -0.2% | +1.0% | -3.9% | |
| Q4 2023 | +4.7% | +7.2% | +4.4% | |
| Q3 2023 | -6.2% | -6.4% | -9.9% | |
| Q2 2023 | +8.4% | +10.0% | +9.0% | |
| Q1 2023 | -5.2% | -2.4% | -6.6% | |
| Q4 2022 | -3.7% | -3.4% | +8.0% | |
| Q3 2022 | +2.5% | +3.0% | +20.1% | |
| Q2 2022 | -9.2% | -11.4% | -8.2% | |
| Q1 2022 | +3.3% | +5.3% | +8.3% | |
| Q4 2021 | -6.2% | -3.1% | -2.0% | |
| Q3 2021 | +17.5% | +8.3% | +13.1% | |
| Q2 2021 | +2.2% | +2.7% | +1.6% | |
| Q1 2021 | +5.9% | +4.5% | +11.5% | |
| Q4 2020 | -7.0% | -10.2% | -8.6% | |
| Q3 2020 | -1.6% | +1.3% | -3.0% | |
| Q2 2020 | +2.5% | +5.6% | -5.8% | |
| Q1 2020 | -0.7% | -3.7% | +13.4% | |
| Q4 2019 | +8.4% | +4.2% | -0.5% | |
| Q3 2019 | -3.8% | -6.2% | -2.2% | |
| Q2 2019 | +9.4% | +1.7% | +9.5% | |
| Q1 2019 | +19.8% | +20.6% | +22.8% | |
| Q4 2018 | -4.7% | -4.1% | +3.0% | |
| Q3 2018 | -15.5% | -17.5% | -25.4% | |
| Q2 2018 | +14.4% | +8.3% | +6.8% | |
| Q1 2018 | -0.4% | -3.6% | -4.1% | |
| Q4 2017 | +15.6% | +15.9% | +6.2% | |
| Q3 2017 | +0.5% | +3.4% | +13.4% | |
| Q2 2017 | +1.9% | +2.7% | +6.8% | |
| Q1 2017 | +3.7% | +3.0% | +5.0% | |
| Q4 2016 | -14.3% | -12.6% | -10.5% | |
| Q3 2016 | -2.6% | -1.5% | -4.5% | |
| Q2 2016 | +10.9% | +12.2% | +17.4% | |
| Q1 2016 | -4.7% | — | — | |
| Q4 2015 | -0.7% | — | — | |
| Q3 2015 | -11.0% | — | — | |
| Q2 2015 | +8.7% | — | — | |
| Q1 2015 | -5.6% | — | — | |
| Q4 2014 | -4.3% | — | — | |
| Q3 2014 | +4.3% | — | — | |
| Q2 2014 | +8.4% | — | — | |
| Q1 2014 | -3.2% | — | — | |
| Q4 2013 | -5.2% | — | — | |
| Q3 2013 | +4.4% | — | — | |
| Q2 2013 | +7.3% | — | — | |
| Q1 2013 | +1.4% | — | — | |
| Q4 2012 | +2.2% | — | — | |
| Q3 2012 | +7.9% | — | — | |
| Q2 2012 | -0.9% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2008 | +4.3% | — | — | |
| Q4 2011 | +4.3% | — | — | |
| Q3 2011 | +2.6% | — | — | |
| Q2 2011 | -1.4% | — | — | |
| Q1 2010 | -2.3% | — | — | |
| Q1 2011 | -4.7% | — | — | |
| Q4 2010 | +5.8% | — | — | |
| Q2 2010 | +5.8% | — | — | |
| Q4 2009 | +5.4% | — | — | |
| Q3 2009 | +5.4% | — | — | |
| Q3 2010 | +5.4% | — | — |
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