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.
Procore Technologies Inc (PCOR) provides cloud-based construction management software that modernize project coordination and operational workflows. This news hub offers investors and industry professionals centralized access to official updates and market developments impacting the company.
Track critical announcements including quarterly earnings, product enhancements, strategic partnerships, and leadership changes. Our curated feed ensures timely updates on Procore’s SaaS platform evolution and its role in construction technology innovation.
Key coverage areas include financial performance metrics, new module releases, and industry-specific initiatives. Users gain insights into how Procore addresses construction sector challenges through digital transformation and collaborative technology solutions.
Bookmark this page for streamlined monitoring of PCOR’s market position and operational milestones. Combine regular checks with portfolio reviews to maintain informed perspectives on this construction technology leader.
Procore Technologies, Inc. (NYSE: PCOR) has announced that The Shaw Group Ltd. is adopting its construction management platform to enhance communication and real-time safety monitoring on projects. The Shaw Group aims to digitize its operations, facilitating operational efficiency and improved employee safety. The integration will enable real-time reporting of safety issues and provide a unified information source, improving access for all stakeholders. Procore's Analytics will later assist in monitoring project financial health, ensuring schedules and costs remain aligned.
Procore Technologies, Inc. (NYSE: PCOR) reported second quarter earnings for 2021, showcasing a 27% year-over-year revenue growth to $122.8 million. The GAAP gross margin stood at 79%, while the non-GAAP gross margin reached 84%. Although operating margins were negative at (121%) for GAAP and (4%) for non-GAAP, the company added 481 new customers, bringing the total to 11,149. Procore also announced plans for revenue between $125 million and $127 million for Q3 and $496 million to $499 million for the full year.
Procore Technologies, Inc. (NYSE: PCOR) has launched its global ERP Connector platform and four new Procore-built accounting integrations. This platform enables real-time financial insights by connecting project financial data directly to users’ enterprise resource planning systems. Over 50% of companies still use spreadsheets for ERP workflows, which can lead to inefficiencies. Procore addresses this gap by allowing customers to choose from nine accounting connectors, enhancing collaboration and operational efficiency. The new integrations facilitate accurate data synchronization, minimizing manual entry and potential errors.
Procore Technologies, Inc. (NYSE: PCOR) will release its Q2 fiscal year 2021 financial results after market close on August 5, 2021. Following the announcement, a conference call is scheduled at 3:00 p.m. Pacific Time to discuss the results and future guidance. Procore is a leader in construction management software, with over 1 million projects and more than $1 trillion in construction volume on its platform. The call can be accessed via phone or through a live webcast on the company's Investor Relations page.
Procore Technologies (NYSE: PCOR) has been selected as the construction management platform by ELEVATE Build, a boutique firm specializing in high-end commercial spaces. ELEVATE aims to enhance operational efficiency and customer service while reducing administrative costs by approximately $45,000 CAD annually with Procore's comprehensive features. The partnership highlights Procore's commitment to innovation, as ELEVATE continues to explore new functionalities to streamline its operations. Procore has powered over 1 million projects globally, showcasing its strong presence in the construction management software industry.
Procore Technologies, Inc. (NYSE: PCOR) has introduced an enhanced Preconstruction solution at the Procore Innovation Summit. This platform streamlines project data management, significantly reducing costs associated with project rework, which was estimated at over $500 billion in 2018. The solution integrates estimating, bidding, and financial tools, enabling improved budget accuracy and collaboration among project teams. Procore's acquisition of Esticom enhances this functionality, allowing for automated budget creation and AI-assisted takeoffs. The company emphasizes the importance of design coordination to mitigate cost risks.
Procore Technologies (NYSE: PCOR) announces a partnership with Adera Development Corporation, a leader in sustainable mass timber construction. Adera selected Procore's platform for managing the complex Crest project, enhancing efficiency by 30% during framing and achieving savings of $1,500 per unit. Procore’s tools enabled better tracking, scheduling, and communication with stakeholders. Adera plans to integrate Procore’s financial tools for future projects, showcasing a commitment to agile innovation in construction.
Procore Technologies (NYSE: PCOR) is expanding into Southeast Asia, with Singapore as its new regional hub. Following strong growth in Australia and New Zealand, Procore aims to meet rising demand for its mobile-first construction management software in ASEAN. Key hires include Chris Yio as Head of ASEAN and Clare Wharrier as Senior Director - Global Channel. With over 1 million projects and $1 trillion in construction volume managed on its platform, Procore seeks to enhance digital capabilities in the construction sector while launching operations in the Middle East and North Africa.
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