Pros Holdings, Inc. - PRO STOCK NEWS

PROS (NYSE: PRO) has been recognized on the Constellation ShortList™ for Configure, Price, Quote (CPQ) for Q1 2022, marking its fifth consecutive year of validation. This recognition underscores PROS' ability to enhance digital selling transformation for organizations. The PROS Smart Configure Price Quote solution leverages advanced AI to empower sales reps, facilitate faster customer quote responses, and optimize pricing strategies. By aligning with the needs of B2B buyers, PROS aims to provide seamless, personalized experiences essential for competitive advantage in digital sales.

PROS Holdings (NYSE: PRO) has announced a five-year strategic alliance with Microsoft, enhancing its existing relationship. This go-to-market agreement aims to boost the adoption of digital selling technologies, leverage AI, and optimize sales processes through PROS Smart Configure Price Quote and Microsoft Dynamics 365. Gartner predicts that by 2025, 75% of B2B sales organizations will embrace AI-powered selling solutions. The collaboration seeks to provide companies with seamless digital experiences, improving customer engagement and revenue consistency.

PROS (NYSE: PRO) announces that Royal Brunei Airlines has chosen its Revenue Management Essentials+ (RME+) solution to enhance revenue management and digital transformation strategies. RME+ utilizes AI-powered demand forecasting to optimize revenue across regional and long-haul traffic. This partnership positions RB to strengthen its competitive advantage in a challenging market, aligning with its growth plans. PROS aims to fulfill RB's commercial objectives through innovative revenue management capabilities.

PROS, a SaaS solutions provider, has updated its financial outlook for Q4 and full year 2021. The company projects Q4 total revenue between $64.0 and $64.5 million, representing a 6% increase year-over-year. However, full year revenue is expected to decline by 1% to between $250.4 and $250.9 million. Subscription revenue for Q4 is forecasted at $46.0 to $46.5 million, up 8% year-over-year. The company plans to release full financial results on February 10, 2022.

PROS (NYSE: PRO), a SaaS provider, announced the granting of equity awards totaling 332,004 shares via time-based restricted stock units (RSUs) to induce 13 EveryMundo employees to join the company following its acquisition of EveryMundo, LLC. Founders Seth Cassel and Anton Diego received 141,884 RSUs each, while 11 other employees were granted a total of 48,236 RSUs. The awards, approved by PROS's Compensation and Leadership Development Committee, vest over four years and are exempt from shareholder approval under NYSE guidelines.

PROS announced the acquisition of EveryMundo for $80 million in cash and $10 million in stock. EveryMundo specializes in digital offer marketing, enhancing brands' engagement and customer experience. The acquisition aims to improve PROS' omnichannel sales capabilities, allowing brands to directly reach their customers and lower costs associated with intermediaries. The deal is expected to strengthen PROS' market position and expand its technology offerings, though integration challenges and other risks are acknowledged.

PROS (NYSE: PRO), a leading SaaS provider, has been selected by Emirates SkyCargo, one of the largest air cargo carriers globally, to enhance their digitalization and omnichannel sales. This partnership will implement PROS Smart Price Optimization and Smart Configure Price Quote, enabling dynamic pricing and quoting capabilities tailored for real-time market demands. The move aims to address increasing customer expectations and improve overall service efficiency, positioning PROS as a crucial player in the evolving air cargo landscape.

PROS Holdings, Inc. (NYSE: PRO) announced a virtual investor fireside chat during its Outperform 2021 conference, scheduled for November 17, 2021, at 2:30 p.m. ET. The chat, moderated by Belinda Overdeput, will include a customer panel featuring executives from USG Corporation, United Airlines, Goodman Manufacturing, and WESCO, followed by a panel of PROS executives. The Outperform 2021 event starts on November 16, 2021, offering insights for pricing and selling professionals. Archived webcasts will be available for those who cannot attend.

PROS Holdings, Inc. (NYSE: PRO) reported its Q3 2021 financial results, demonstrating a 2% year-over-year revenue increase to $62.7 million. Subscription revenue also grew by 5% to $44.1 million. Despite a minor gross profit decrease of 1%, the operating loss narrowed to $(15.8) million, and net loss improved to $(17.5) million. The company received accolades, including being named a leader in Gartner's Magic Quadrant and IDC's MarketScape, while forecasting total revenue between $63.0 million and $64.0 million for Q4 2021.