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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, 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.
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