| Business Summary | | Progress
Software
Corporation
(PSC)
is
a
global
supplier
of
products
and
services
for
business
applications
deployed
in
an
Internet
or
multi-tiered
environment.
PSC
develops,
markets,
and
distributes
application
development,
deployment
and
integration
software
to
business,
industry
and
government
worldwide.
PSC's
products
include
databases,
application
servers,
messaging
servers
and
development
tools
for
Internet/Web,
extranet
and
intranet
applications
as
well
as
for
client/server
and
host/terminal
applications.
PSC's
revenues
are
derived
from
licensing
its
products,
and
from
related
services,
which
consist
of
maintenance
and
consulting
and
education. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Progress
Software
is
a
supplier
of
application
development,
deployment
and
management
technology,
network
management
solutions
and
support
services
to
business,
industry
and
government
worldwide.
For
the
six
months
ended
5/31/01,
revenues
decreased
10%
to
$126
million.
Net
income
fell
59%
to
$7.6
million.
Revenues
were
adversely
affected
by
the
strength
of
the
U.S.
dollar.
Net
income
also
suffered
from
an
increase
in
product
development
expenditures. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Joseph Alsop, 55 CEO,
Director | $664K | -- | Norman Robertson, 52 CFO,
Sr. VP-Fin. and Admin. | 319K | $151K | Richard Reidy, 41 Sr.
VP, Products | 307K | 478K | Lorne Cooper, 44 Pres,
NuSphere | -- | -- | David Ireland, 54 Pres,
Progress Company | 379K | 109K | Dollar
amounts are as of 30-Nov-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|