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.
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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.
Procore Technologies has appointed Erin Chapple, a Microsoft Executive, to its Board of Directors. Chapple, currently the Corporate Vice President of Azure Core at Microsoft, brings over two decades of experience in technology. She aims to enhance Procore's platform, facilitating better collaboration in the construction industry. Procore manages over 1 million projects with a construction volume exceeding $1 trillion. The addition of Chapple is expected to strengthen Procore's strategic roadmap and innovation in construction management.
Procore Technologies (NYSE: PCOR) announces Project Engage: 2022 Leadership Development Program in collaboration with the Associated General Contractors of California. This year-long initiative aims to enhance leadership skills, team engagement, and business success through interactive cohorts, 1:1 coaching, and immersive experiences. The program will be available to AGC members both in-person at Procore's Santa Barbara HQ and virtually. Project Engage builds on Procore's Culture Academy, initiated in 2019, focusing on cultivating healthy workplace cultures in the construction industry.
Procore Technologies, Inc. (NYSE: PCOR) has announced an expansion of its partnership with family-run developer Cape Group. The company will now implement Procore's Action Plans to standardize processes and enhance quality assurance across its projects in Canada. Cape Group reports that using Procore has accelerated project delivery by approximately 10%, resulting in significantly increased revenue. The collaboration aims to streamline operations, ensuring compliance with quality standards.
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Procore Technologies, Inc. (NYSE: PCOR) has been honored as the 2021 Philanthropist of the Year by the United States Minority Contractors Association (USMCA). This recognition celebrates Procore's commitment to diversity, equity, and inclusion through its partnership with USMCA, which offers minority contractors access to free training, educational resources, and discounted programs since 2020. The award was presented during USMCA’s 30th Annual Millennium Awards Celebration, highlighting Procore's efforts to support minority entrepreneurs in the construction industry.
Procore Technologies (NYSE: PCOR) has been selected by LandSouth Construction to replace multiple software packages with its construction management platform. This strategic move aims to enhance operational efficiency, improve financial performance, and reduce risks for LandSouth's multifamily and senior living projects. With Procore, LandSouth anticipates better collaboration, increased safety, and greater access to project data, which will help maintain client satisfaction and streamline processes in response to the industry's growing demands.
Procore Technologies, Inc. (NYSE: PCOR) reported a strong financial performance for Q3 2021, achieving a 30% year-over-year revenue growth with total revenue reaching $132 million. The company added 456 new customers, bringing its total to 11,605. Despite a GAAP operating margin of (38%), Procore's operating cash flow stood at $15.1 million, with free cash flow of $6.5 million. Looking ahead, Procore expects Q4 revenue between $136 million and $138 million, reflecting ongoing investments in recent acquisitions Levelset and LaborChart.