When did Progress Software report Q2 2024 earnings?

Progress Software (PRGS) reported Q2 2024 earnings on June 25, 2024 after market close.

What were Progress Software's Q2 2024 revenue and EPS?

Progress Software reported revenue of $175.1M and eps of $1.09 for Q2 2024.

Did Progress Software beat estimates in Q2 2024?

Revenue beat the consensus estimate of $168.4M by $6.7M. EPS beat the consensus estimate of $0.95 by $0.14.

Where can I find Progress Software's Q2 2024 SEC filings?

You can read the 10-Q periodic report (0000876167-24-000127) directly on SEC EDGAR. The filing index links above go to sec.gov.

Progress Software PRGS Q2 2024 earnings

Reported June 25, 2024 · After market close

Revenue$175.1MBeat by $6.7M

EPS$1.09Beat by $0.14

Revenue estimate$168.4M

EPS estimate$0.95

Next report

Sep 28, 2026 (in 2 months)

Revenue estimate$246.7M

EPS estimate$1.49

Financials

Q2 2024

Income statement

See full

Revenue$175.1M-1.8%

Gross profit$143.0M-1.0%

Operating income$27.1M+17.9%

Net income$16.2M+33.9%

EPS (diluted)$0.37+37.0%

Balance sheet

See full

Cash & equivalents$190.4M+51.7%

Total debt$19.4M-95.8%

Total equity$401.7M-4.1%

Total assets$1.6B-1.0%

Cash flow

See full

Operating cash flow$63.7M+32.8%

CapEx$955.0K-39.7%

Free cash flow$62.7M+35.3%

Valuation & ratios

Valuation

as of 05/31/24

See full

Market cap$2.22B-14.6%

Enterprise value$2.05B-30.2%

P/E30.3×-1.7×

P/S3.1×-0.9×

Profitability

See full

Gross margin81.5%-2.0pp

Operating margin16%-2.6pp

Net margin10.3%-2.2pp

FCF margin29.3%+3.4pp

Returns & leverage

See full

Return on equity17.9%-2.7pp

Debt / equity0×-1.1×

Current ratio1.1×+0.2×

Segments

By geography

See full

North America$102.9M-2.7%

EMEA$57.5M+2.4%

Asia Pacific$10.0M-13.0%

Latin America$4.6M-4.0%

By product

See full

Maintenance$102.5M+0.3%

Software licenses$54.0M-4.3%

Professional services$12.6M-35.7%

SaaS$6.0M—

By segment

See full

Reportable Segment$188.4M+8.5%

Versus estimates

Revenue

Q2 2026$253.5MBeat by $10.7M Q1 2026$247.8MBeat by $1.4M Q3 2025$249.8MBeat by $9.7M Q2 2025$237.4MMiss by $2.6M Q1 2025$238.0MBeat by $2.4M Q3 2024$178.7MBeat by $2.5M

Diluted EPS

Q2 2026$0.50Miss by $0.99 Q1 2026$1.60Beat by $0.03 Q3 2025$1.50Beat by $0.20 Q2 2025$1.40Beat by $0.10 Q1 2025$1.31Beat by $0.25 Q3 2024$1.26Beat by $0.12

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Questions, answered.

When did Progress Software report Q2 2024 earnings?: Progress Software (PRGS) reported Q2 2024 earnings on June 25, 2024 after market close.
What were Progress Software's Q2 2024 revenue and EPS?: Progress Software reported revenue of $175.1M and eps of $1.09 for Q2 2024.
Did Progress Software beat estimates in Q2 2024?: Revenue beat the consensus estimate of $168.4M by $6.7M. EPS beat the consensus estimate of $0.95 by $0.14.
Where can I find Progress Software's Q2 2024 SEC filings?: You can read the 10-Q periodic report (0000876167-24-000127) directly on SEC EDGAR. The filing index links above go to sec.gov.