PROGRESS SOFTWARE CORP /MA
Close on Oct 19, 2026
- Market cap
- $1.75B
- P/E (TTM)
- 19.5
- Dividend yield
- 0.00%
About Progress Software
Services-Prepackaged Software, SIC 7372
Progress Software Corporation provides enterprise software products designed to help organizations build, deploy, and manage artificial intelligence-powered applications and digital experiences. The company operates through a single business segment, delivering solutions for application development, data connectivity, infrastructure automation, network security, and managed file transfer. Its portfolio features products including Progress OpenEdge, ShareFile, MOVEit, Chef, MarkLogic, Corticon, and Sitefinity, alongside developer tooling. Progress serves business managers, information technology administrators, and software development teams across corporations and government agencies. In addition to direct enterprise sales, the company distributes offerings through channel partners, including independent software vendors, original equipment manufacturers, systems integrators, and value-added resellers.
The company operates across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region via regional subsidiaries and independent distributors. Progress maintains product development and customer support facilities across multiple countries, including the United States, Bulgaria, the Czech Republic, India, Ireland, Spain, Costa Rica, the Netherlands, and Singapore. The text does not specify a corporate headquarters location.
Summary of the business section of Progress Software's latest annual report, written by StockData.
Company profile
Company
- Legal name
- PROGRESS SOFTWARE CORP /MA
- Founded
- 1981
- Headquarters
- Burlington, MA
- Address
- 15 Wayside Road, Suite 400 01803
- Phone
- (781) 280-4473
- Website
- progress.com
- Employees
- 2,801, Nov 30, 2025
- Industry
- Services-Prepackaged Software
- Incorporated in
- Delaware
- Fiscal year ends
- November 30
- Auditor
- Deloitte & Touche LLP, Boston, Massachusetts
Stock & identifiers
- Ticker
- PRGS
- Exchange
- Nasdaq
- IPO date
- Jul 30, 1991
- Shares outstanding
- 41M, Sep 28, 2026
- Public float
- $2.61B, May 31, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-2, Jan 31, 2011; 3-for-2, Jan 31, 2011; 2-for-1, Jan 24, 2000; 3-for-2, Jul 14, 1998; 2-for-1, Nov 28, 1995
- SEC CIK
- 876167
- CUSIP
- 743312100
- ISIN
- US7433121008
- LEI
- 549300R65B3JG6972S24
- EIN
- 04-2746201
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Yogesh K. Gupta | Chief Executive Officer, Director | 286,198 |
| Anthony Folger | Chief Financial Officer | 47,381 |
| Loren Jarrett | EVP/GM Digital Experience | 10,269 |
| Sundar Subramanian | EVP/GM Infrastructure Mgmt | 18,370 |
| Yufan Stephanie Wang | Chief Legal Officer | 2,544 |
| Domenic LoCoco | Chief Accounting Officer | 8,635 |
| John Ainsworth | EVP/GM App & Data Platform | 58,882 |
| Ian Pitt | Chief Information Officer | 7,368 |
| Charles Francis Kane | Director | 76,291 |
| David Krall | Director | 105,947 |
| Angela Tucci | Director | 51,116 |
| John R. Egan | Director | 57,174 |
| Rainer Gawlick | Director | 61,401 |
| Paul T. Dacier | Director | 58,691 |
| Samskriti King | Director | 51,116 |
| Vivian M. Vitale | Director | 36,224 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Gupta | $10.53M | $6.96M | $3.07M | $105 | $273 |
| FY2024 Mr. Gupta | $10.37M | $9.79M | $2.61M | $172 | $206 |
| FY2023 Mr. Gupta | $8.64M | $9.25M | $2.38M | $134 | $148 |
| FY2022 Mr. Gupta | $6.90M | $12.82M | $1.93M | $133 | $102 |
| FY2021 Mr. Gupta | $6.02M | $13.09M | $2.44M | $121 | $142 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of November 30, 2025, we had 2,801 employees worldwide, including 932 in sales and marketing, 523 in customer support and services, 1,048 in product development and 298 in administration.”
Corporate history
Events identified from SEC filings