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.
News and disclosures about Procore Technologies, Inc. (NYSE: PCOR) focus on its role as a cloud-based construction management software company and technology partner for every stage of construction. This page aggregates news releases, earnings announcements, and other updates that highlight how Procore’s unified platform and AI capabilities are being used across the construction industry.
Readers can find coverage of Procore’s financial results, including quarterly earnings releases that discuss revenue, margins, cash flow, and key performance indicators such as gross revenue retention and customer counts. These releases often include commentary from company leadership on operating performance, profitability, and the use of non-GAAP financial measures and free cash flow to evaluate the business.
News items also describe product and technology developments, such as the introduction of Procore Helix, Procore Assist, and Procore Agent Builder. Articles detail new AI features like photo intelligence, multilingual and mobile support, and custom AI agents that automate tasks such as RFIs, submittals, and daily logs. Announcements about FedRAMP progress and Procore for Government provide insight into the company’s efforts to serve U.S. public sector agencies and their contractors.
In addition, the news feed includes information on strategic collaborations and leadership changes. Examples include the multi-year strategic collaboration agreement with Amazon Web Services, which supports AI, data operability, and analytics initiatives, and the availability of Procore’s platform in AWS Marketplace. Leadership and governance updates, such as the appointment of Ajei S. Gopal as CEO and Board changes, are also reported through press releases and SEC-linked announcements.
Investors, construction professionals, and other interested readers can use this page to follow Procore’s earnings calls, product launches, industry partnerships, and corporate governance updates related to PCOR stock.
Procore Technologies, Inc. (NYSE: PCOR) will announce its Q1 fiscal year 2022 financial results after market close on May 4, 2022. A conference call to discuss these results will take place on the same day at 2:00 p.m. PT, with access available via a dial-in or live webcast. Procore has facilitated over 1 million projects and managed more than $1 trillion in construction volume on its platform, connecting key stakeholders in the construction industry.
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Procore Technologies, Inc. (NYSE:PCOR) has partnered with Kier Group Plc to implement its construction management software, aiming to enhance operational efficiency across Kier's projects in the UK. This collaboration supports Kier's goal to become a digital-first organization, streamlining processes and improving stakeholder collaboration. Procore's platform, already utilized in over 1 million projects, promises greater project visibility and improved data insights for Kier, assisting in delivering high-quality infrastructure projects.
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Procore Technologies (NYSE: PCOR) has officially launched its construction management software platform in France, marking a significant step in its EMEA expansion strategy. This launch aims to enhance collaboration and visibility for construction professionals in the region, aligning with the growing digital transformation in the sector. Laurence Caron has been appointed as Senior Director for France and Southern Europe to oversee regional operations. Procore’s platform boasts over 12,000 customers and 1 million projects globally, emphasizing its commitment to optimizing construction processes.
Procore Technologies Inc. (NYSE: PCOR) has been selected by Dexel, a design-build multi-family residential developer in Halifax, to serve as its construction management platform. Dexel aims to enhance project management and safety while streamlining operations. Struggling with outdated systems, Dexel chose Procore for its integrated platform that meets their project needs. Procore's tools will support faster information sharing with contractors and facilitate team growth.
Procore Technologies, Inc. (NYSE: PCOR) reported strong financial results for Q4 and FY 2021, with Q4 revenue of $146 million, a 33% increase year-over-year. For the full year, revenue reached $515 million, up 29%. Gross margins stood at 80% (GAAP) and 83% (non-GAAP). The company added 588 organic customers in Q4, totaling 12,193, while achieving a gross revenue retention rate exceeding 95%. Looking ahead, 2022 revenue is projected between $661 million to $666 million. Despite operating losses, Procore remains positioned for growth with significant investments and customer demand.
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Procore Technologies, Inc. (NYSE: PCOR) will announce its fourth quarter fiscal year 2021 financial results on February 22, 2022, after the U.S. markets close. A conference call will follow at 2:00 p.m. Pacific Time to discuss the results and financial guidance, accessible via phone or on Procore's Investor Relations website. Procore, a leader in construction management software, has facilitated over 1 million projects and managed more than $1 trillion in construction volume.
Procore Technologies (NYSE: PCOR) has been named the number one construction project management software by the 2021 JBKnowledge Construction Technology Report for the fifth consecutive year. The report highlights Procore's solutions' positive impact on the construction industry, affirming its leadership in mobile solutions for daily reporting and safety management. Procore's cloud-based platform integrates over 300 applications, enhancing productivity and financial transparency across projects. With over 1 million projects and more than $1 trillion in construction volume managed, Procore continues to shape the industry's technological landscape.
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