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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, 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.
PROS Holdings, Inc. (NYSE: PRO) reported strong Q2 2024 financial results, exceeding guidance across all metrics. Highlights include:
- Subscription revenue of $65.6 million, up 14% year-over-year
- Total revenue of $82.0 million, an 8% increase
- Non-GAAP subscription gross margin of 80%, improving by over 160 basis points
- Operating cash flow improved by $13.0 million, or nearly 200%
The company welcomed new customers and expanded adoption within existing ones. PROS won Microsoft's Global ISV Partner of the Year Award and achieved top results in G2's Summer 2024 Reports. The outlook for Q3 2024 includes total revenue of $81.5 to $82.5 million and subscription revenue of $65.8 to $66.3 million.
PROS (NYSE: PRO), a leading provider of AI-powered SaaS solutions, will release its financial results for Q2 2024 on July 30, 2024, after the U.S. markets close. The company will also host a conference call at 4:45 p.m. ET on the same day to discuss the results and business outlook. Interested parties can join the call by dialing 1-877-407-9039 (toll-free) or 1-201-689-8470. Webcasts of the live and archived calls will be available on the company’s website. A telephone replay will be available until August 6, 2024, using the pass code 13747137.
PROS Holdings (NYSE: PRO), a leader in AI-powered SaaS solutions, has been awarded the 2024 Microsoft Global ISV Partner of the Year Award. Recognized for its excellence in AI innovation and strategic collaboration with Microsoft, PROS has demonstrated significant contributions to the delivery of enhanced cloud solutions. President and CEO Andres Reiner emphasized the company's 18+ year partnership with Microsoft, highlighting ongoing joint development initiatives aimed at advancing digital transformation and growth for customers. This accolade underscores PROS's commitment to leveraging AI and Microsoft's Cloud Platform to provide competitive advantages. The award was part of the annual Microsoft Partner of the Year Awards, which received over 4,700 nominations from more than 100 countries. The winners will be celebrated at the MCAPS Start for Partners digital event in July and at Microsoft Ignite in November.
PROS Holdings (NYSE: PRO), a leading AI-powered SaaS provider, announced its participation in two investor conferences in June 2024. Company management, including President & CEO Andres Reiner and Head of Investor Relations Belinda Overdeput, will engage in fireside chats at the Stifel 2024 Cross Sector Insight Conference in Boston on June 4 and the Baird Global Consumer, Technology & Services Conference in New York on June 5. These events will be webcast live and archived on the Investor Relations page of the PROS website.
PROS Holdings, a leading provider of AI-powered SaaS solutions, announced their participation in the Needham Technology, Media, & Consumer Conference in May 2024. The CFO and Head of Investor Relations will attend a Fireside Chat on May 15, 2024, with a live webcast available on their Investor Relations page.
PROS Holdings, Inc. reported strong first-quarter 2024 financial results with subscription revenue reaching $64.3 million, up 15% year-over-year. The company also saw improvements in subscription gross margin, total gross margin, and non-GAAP gross margin. With a positive outlook for the future, PROS exceeded guidance ranges across all metrics, driving 15% subscription revenue growth and a near 300% improvement in adjusted EBITDA. Recent business highlights include the launch of the PROS Copilot for Sales Plugin in partnership with Microsoft and the addition of several new customers and the expansion of the PROS Platform within existing customers. Todd McNabb was appointed as Chief Revenue Officer to lead PROS global go-to-market team. The company's financial outlook for the second quarter and full year 2024 shows positive growth in total revenue, subscription revenue, non-GAAP earnings per share, adjusted EBITDA, and free cash flow.