Welcome to our dedicated page for Procore Technologies news (Ticker: $PCOR), a resource for investors and traders seeking the latest updates and insights on Procore Technologies stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Procore Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Procore Technologies's position in the market.
Procore Technologies, Inc. (NYSE: PCOR) reported strong first quarter 2024 financial results with $269 million in revenue, a 26% year-over-year increase. The company achieved an 83% GAAP gross margin and added 231 net new organic customers. Procore also ranked #8 among G2's Top 100 Best Global Software Companies of 2024. The company provided optimistic outlooks for the second quarter and full year 2024, expecting revenue growth and positive non-GAAP operating margins.
