PROGRESS SOFTWARE CORP /MA
Income Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Revenue | $494.1M | $515.6M |
| Cost of Revenue | $93.2M | $91.9M |
| Gross Profit | $400.9M | $423.7M |
| Gross Margin | 81.1% | 82.2% |
| Operating Expenses | ||
| Research & Development | — | — |
| SG&A Expense | $59.6M | $62.1M |
| Operating Income | $51.1M | $64.4M |
| Operating Margin | 10.3% | 12.5% |
| Interest Expense | — | — |
| Pretax Income | $51.2M | $74.0M |
| Income Tax Expense | $18.4M | $27.7M |
| Net Income | $32.8M | $46.3M |
| Net Margin | 6.6% | 9.0% |
| EPS (Basic) | $0.54 | $0.75 |
| EPS (Diluted) | $0.53 | $0.72 |
| Shares Outstanding (Basic) | 60.2M | 61.2M |
| Shares Outstanding (Diluted) | 61.6M | 64.0M |
| Dividends Per Share | — | — |