Pros Holdings, Inc. - PRO STOCK NEWS

PROS Holdings (NYSE: PRO) has been named a Leader in the IDC MarketScape: Worldwide CPQ Applications for Commerce 2024-2025 Vendor Assessment. The recognition highlights PROS' AI leadership and its end-to-end platform with advanced pricing capabilities. The IDC MarketScape emphasized PROS' strengths in three key areas: AI-driven CPQ innovation, deep integration with Microsoft Dynamics 365 CRM as a Microsoft Inner Circle Partner, and advanced pricing functionality supporting various pricing models.

According to IDC's Research Director, PROS' approach is particularly valuable in today's complex B2B sales environment, offering AI-driven pricing capabilities and self-service features that enhance multichannel sales strategies and buyer experiences.

PROS Holdings (NYSE: PRO) has appointed John Strosahl to its Board of Directors as an independent director, effective December 2, 2024. Strosahl, currently CEO of Jamf, brings over 20 years of executive management and business development experience, particularly in SaaS, eCommerce, Cloud, and Web Services. His previous roles include leading eBay's B2C business in North America and serving as EVP at Digital River. The appointment aims to leverage his expertise in driving sustainable revenue strategies and global expansion to support PROS' growth initiatives in AI-powered SaaS pricing and revenue management solutions.

TAP Air Portugal is expanding its 25-year partnership with PROS Holdings (NYSE: PRO) to enhance its dynamic pricing and customer offer capabilities. The airline will implement PROS Revenue Management with Willingness-to-Pay (WTP) technology, while continuing to use Real-Time Dynamic Pricing and Group Sales Optimizer. These AI-powered solutions will help TAP optimize pricing based on customer segments, improve booking conversions, and respond faster to market changes. The implementation aims to deliver more personalized offers, increase customer loyalty, and generate incremental revenue through advanced price optimization and real-time seat availability management.

PROS Holdings (NYSE: PRO) has appointed Colleen Langevin as Chief Marketing Officer. With over 20 years of experience in B2B and B2C companies, Langevin will lead PROS global marketing organization and strategy, focusing on scaling demand generation and driving digital marketing transformation. Prior to joining PROS, she served as CMO at Quest Software, where she led initiatives that drove significant revenue growth and doubled enterprise valuation in 18 months. She previously held executive positions at Vista Equity Partners, Dell, CLEAResult, and Iron Mountain.

Skyhigh Security has announced two key executive appointments: Sanjay Castelino as President and James Denena as Chief Financial Officer. Castelino brings over 30 years of technology experience, including roles at Snow Software, Spiceworks, and SolarWinds. Denena joins with nearly 25 years of experience in financial leadership at companies like Snow Software, PROS, and Applied Materials. These appointments follow recent additions of a CRO, CTO, and EVP of Product, strengthening the company's position in data-focused cloud, on-premises, and hybrid security solutions. The expanded leadership team aims to accelerate growth, drive innovation, and establish Skyhigh Security as a trusted leader in data security.

PROS Holdings (NYSE: PRO) announced that President and CEO Andres Reiner plans to retire. Reiner will remain in his position during the search for his successor and serve as an advisor for 12 months afterward to ensure a smooth transition. The Board of Directors has initiated its succession plan and engaged a national executive search firm to find the next CEO. The company emphasizes its strong leadership team and positioning for continued market innovation and sustainable growth.

PROS Holdings (NYSE: PRO) reported strong Q3 2024 results with subscription revenue reaching $67.1 million, up 12% year-over-year. Total revenue increased 7% to $82.7 million. The company achieved significant profitability improvements, including a subscription gross margin of 78% and non-GAAP subscription gross margin of 80%. Notable was the 185% improvement in operating cash flow year-to-date. The company posted a net income of $0.2 million, compared to a loss of $13.9 million in Q3 2023. For Q4 2024, PROS expects total revenue between $84.1-$85.1 million and subscription revenue of $68.5-$69.0 million.

PROS Holdings (NYSE: PRO) has announced PROS Smart Rebate Management as part of its latest Platform release. This AI-powered solution automates and streamlines rebate management processes, integrating with existing pricing and selling capabilities. The platform includes features for rebate programs management, attainment tracking, accruals and settlements, claims management, and approval workflows.

The solution aims to help businesses deliver optimized offers at quote time across all sales channels, maximizing conversion and profitability. It addresses the challenge of manual rebate calculations through spreadsheets by providing an automated, unified approach to managing rebates within the context of a complete platform.

PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered SaaS solutions for pricing, CPQ, revenue management, and digital offer marketing, has announced its schedule for releasing third quarter 2024 financial results. The company will disclose its financial performance for the quarter ending September 30, 2024, after U.S. financial markets close on Tuesday, October 29, 2024.

Following the release, PROS will host a conference call at 4:45 p.m. ET on the same day to discuss the results and business outlook. Interested parties can access the call via phone or webcast. A replay of the call will be available until November 5, 2024.