Welcome to our dedicated page for Pros Holdings news (Ticker: PRO), a resource for investors and traders seeking the latest updates and insights on Pros Holdings stock.
Pros Holdings, Inc. (NYSE: PRO) is at the forefront of the digital economy, offering cutting-edge AI-based solutions that drive commerce. With a strong focus on artificial intelligence, PROS empowers companies to embrace digital selling and eCommerce channels seamlessly. The company provides tools that offer predictive and prescriptive guidance, allowing businesses to price, configure, and sell their products and services dynamically across all channels with speed, precision, and consistency.
PROS's client base includes market leaders who benefit from decades of data science expertise embedded in the company's industry solutions. The core offerings are cloud-based revenue and profit realization software solutions tailored to both business-to-business (B2B) and business-to-consumer (B2C) markets. These solutions help customers grow revenue, modernize business processes, and support profitability through advanced prescriptive analytics and data science-driven decision-making technology.
One of the key strengths of PROS is its ability to enable buyers to transition smoothly across various sales channels—whether direct sales, partner networks, online platforms, mobile apps, or emerging channels—while delivering personalized experiences. The company generates revenue from a diverse geographic base, including the United States, Europe, Africa, Asia-Pacific, and the Middle East.
Recent achievements showcase PROS's commitment to innovation and customer success. They continually evolve their solutions to meet the changing needs of the digital marketplace, helping businesses stay competitive and responsive to market trends. For more information, visit the official PROS website.
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.
PROS Holdings, Inc. (NYSE: PRO) has announced the appointment of Jennifer Biry to its Board of Directors, effective August 26, 2024. Biry, who joins as an independent director, brings over 25 years of accounting, finance, and operational experience to the role. She currently serves as the Chief Financial and Operating Officer for McAfee, overseeing global finance, strategy, M&A, IT, security, sales, customer service, and procurement operations, responsible for over $2B in annual revenue.
Prior to McAfee, Biry held the position of Chief Financial Officer at WarnerMedia from 2020-2022 and various leadership roles at AT&T Communications. PROS Non-Executive Chairman Bill Russell and President and CEO Andres Reiner expressed enthusiasm about Biry's appointment, citing her valuable experience as the company scales and pursues AI-driven market opportunities.
PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered SaaS solutions for pricing, CPQ, revenue management, and digital offer marketing, has announced its participation in two investor conferences in August 2024. The company will be represented at the KeyBanc Capital Markets Technology Leadership Forum in Vail, CO on August 6, with a fireside chat featuring Sunil John (Chief Product Officer) and Belinda Overdeput (Head of Investor Relations). Additionally, PROS will participate in the Oppenheimer 27th Annual Technology, Internet, & Communications Conference virtually on August 13, with Stefan Schulz (CFO) and Belinda Overdeput presenting in a fireside chat. Live webcasts and archives of both events will be available on the company's Investor Relations page.
FAQ
What is the current stock price of Pros Holdings (PRO)?
What is the market cap of Pros Holdings (PRO)?
What does Pros Holdings, Inc. do?
What kind of solutions does PROS offer?
Who are the customers of PROS?
How does PROS's technology help businesses?
What channels do PROS's solutions support?
In which regions does PROS generate revenue?
How does PROS enhance customer experience?
What recent achievements has PROS made?
How can I learn more about PROS?
What industries does PROS serve?
