Welcome to our dedicated page for Procore Technologies news (Ticker: PCOR), a resource for investors and traders seeking the latest updates and insights on Procore Technologies stock.
News and disclosures about Procore Technologies, Inc. (NYSE: PCOR) focus on its role as a cloud-based construction management software company and technology partner for every stage of construction. This page aggregates news releases, earnings announcements, and other updates that highlight how Procore’s unified platform and AI capabilities are being used across the construction industry.
Readers can find coverage of Procore’s financial results, including quarterly earnings releases that discuss revenue, margins, cash flow, and key performance indicators such as gross revenue retention and customer counts. These releases often include commentary from company leadership on operating performance, profitability, and the use of non-GAAP financial measures and free cash flow to evaluate the business.
News items also describe product and technology developments, such as the introduction of Procore Helix, Procore Assist, and Procore Agent Builder. Articles detail new AI features like photo intelligence, multilingual and mobile support, and custom AI agents that automate tasks such as RFIs, submittals, and daily logs. Announcements about FedRAMP progress and Procore for Government provide insight into the company’s efforts to serve U.S. public sector agencies and their contractors.
In addition, the news feed includes information on strategic collaborations and leadership changes. Examples include the multi-year strategic collaboration agreement with Amazon Web Services, which supports AI, data operability, and analytics initiatives, and the availability of Procore’s platform in AWS Marketplace. Leadership and governance updates, such as the appointment of Ajei S. Gopal as CEO and Board changes, are also reported through press releases and SEC-linked announcements.
Investors, construction professionals, and other interested readers can use this page to follow Procore’s earnings calls, product launches, industry partnerships, and corporate governance updates related to PCOR stock.
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Procore Technologies, Inc. (NYSE: PCOR), a leader in construction management software, will announce its first quarter fiscal year 2023 financial results on May 3, 2023, after the U.S. markets close. A conference call will follow at 2:00 p.m. PT to discuss the results and financial guidance. Interested parties can join the call by dialing (833) 470-1428 for domestic and (404) 975-4839 for international access. Procore's platform has been instrumental in managing over 1 million projects and facilitating $1 trillion in construction volume, showcasing its strong market presence. As a global provider, Procore continues to connect stakeholders through tailored solutions designed specifically for the construction industry.
Procore Technologies (NYSE: PCOR) has launched Procore Risk Advisors, a modern construction brokerage aimed at enhancing insurance solutions for the construction industry. This service offers exclusive A+ rated insurance programs in collaboration with Allianz Global Corporate & Specialty and Swiss Re. Procore Risk Advisors will use data-driven insights from Procore's platform to help clients secure more favorable insurance terms and pricing, rewarding clients for risk mitigation and technology adoption. This initiative aligns with Procore's goal of improving operational efficiency and safety within the construction realm.
Procore Technologies, Inc. (NYSE: PCOR) has appointed Sarah Hodges as its new chief marketing officer (CMO), effective immediately. Hodges will drive the strategic marketing plan and oversee all marketing operations worldwide to align with Procore’s financial and business goals. Recognized for her extensive experience in SaaS marketing, Hodges previously held leadership roles at Autodesk, bringing over 20 years of expertise. Procore aims to enhance its brand and expand its industry impact under her leadership. Hodges holds a marketing and communications degree from Northeastern University.
Procore Technologies, Inc. (NYSE: PCOR) reported strong financial results for Q4 and full year 2022, showcasing a 38% increase in revenue to $202 million and a year-over-year revenue growth of 40% for the full year, reaching $720 million. The company’s gross margin stood at 80% (GAAP) and 84% (non-GAAP), while short-term RPO grew 34% year-over-year, totaling $798 million. Leadership changes were announced, with Paul Lyandres transitioning to President of Fintech and Howard Fu stepping up as CFO. For 2023, Procore anticipates revenue growth of 24-25%, projecting $895-$900 million, while maintaining a non-GAAP operating margin of (6.5%) to (7.5%).
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Procore Technologies, Inc. (NYSE: PCOR), a leader in construction management software, will announce its fourth quarter and full year 2022 financial results on February 16, 2023, after U.S. market close. A conference call will be held on the same day at 2:00 PM PT to discuss the results and future financial guidance. Procore has successfully managed over 1 million projects with a combined construction volume exceeding $1 trillion USD, emphasizing its significance within the industry. This call will offer insights into the company's performance and strategic direction.
BZI Steel has partnered with Procore Technologies, Inc. (NYSE: PCOR) to enhance construction efficiencies and prioritize jobsite safety. BZI Steel, known for its steel fabrication and erection, aims to integrate Procore's construction management software into its processes. This collaboration focuses on minimizing risks, improving project management, and fostering technological innovation in the construction sector. A recent McKinsey study indicates that construction technology adoption is lagging, yet 60% of surveyed professionals expect significant advancements in the next five years, highlighting the potential for growth in this partnership.
Procore Technologies (NYSE: PCOR) has released its inaugural 2022 Environmental, Social, and Governance (ESG) Report, showcasing its strong commitment to sustainable construction practices. The report outlines four key ESG pillars: Environmental Stewardship, Our People, Social Impact, and Responsible Business Practices. Highlights include efforts to reduce construction waste, provide educational access to construction management programs, and enhance board diversity with 44% female representation. Procore emphasizes its dedication to long-term sustainability and social responsibility.