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.
Digital transformation is a key focus for 53% of Australian property leaders, according to a new report from Procore Technologies and the Property Council of Australia. Conducted in July 2021 with 166 senior industry leaders, the survey highlights that the pandemic has not adversely affected the project pipeline. Leaders are more concerned with securing land and funding, and compliance remains critical for competitiveness. The report aims to guide technology investment and decision-making in the sector.
Procore Technologies Inc. (NYSE: PCOR) has acquired Levelset for approximately $500 million, including $425 million in cash and $75 million in Procore stock. This acquisition enhances Procore's construction management software by integrating lien rights management, thereby improving compliance workflows and payment processes. Procore aims to leverage the complementary data assets of both companies for future growth, as stated by CEO Tooey Courtemanche.
Procore Technologies, Inc. (NYSE: PCOR) announced the acquisition of LaborChart, a workforce management software provider for specialty contractors. This acquisition aims to enhance Procore's capabilities in managing labor costs, which are critical in construction. LaborChart's solutions will integrate with Procore's existing tools, allowing for better workforce scheduling and communication. Nearly 300 contractors currently use LaborChart, which will now be fully integrated into Procore. Financial terms were not disclosed, and the acquisition is not expected to significantly impact Procore's full-year 2021 results.
Procore Technologies, Inc. (NYSE: PCOR) will release its third quarter fiscal year 2021 financial results after U.S. markets close on November 4, 2021. A conference call is scheduled for the same day at 2:00 p.m. PT to discuss the results and provide financial guidance. Interested participants can access the call by dialing (877) 284-6233 for domestic calls or (873) 415-0281 for international calls. Procore, known for its construction management software, has facilitated over $1 trillion USD in construction volume across more than 1 million projects.
Procore Technologies, Inc. (NYSE: PCOR), a leader in construction management software, unveiled the winners of its 2021 Groundbreaker Awards, honoring innovative individuals and projects in the construction sector. The awards recognized achievements across eight categories, including sustainability and safety. The virtual ceremony featured special guest Jay Leno and highlighted 24 finalists who demonstrated exceptional standards in the industry. Notable winners included Skanska USA for sustainability and ETRO Construction for innovation. Procore continues to connect over 1 million projects on its platform, totaling over $1 trillion in construction volume.
Procore Technologies (NYSE: PCOR) has established a partnership with the National Association of Minority Contractors (NAMC) to enhance construction management capabilities for minority contractors. Through its social impact initiative, Procore.org, the company will provide free product training to NAMC members and historically Black colleges and universities. This initiative aims to improve contractor readiness in a labor-challenged industry and ensure minority contractors gain essential technology training to boost competitiveness. The collaboration seeks to foster access, advocacy, and contractor development.
Summary not available.
Procore Technologies, Inc. (NYSE: PCOR) has announced significant platform enhancements aimed at improving flexibility and insights for project teams. Key updates include a new report builder, global workflow engine, and integrations for enhanced estimating and bidding processes. The report builder will offer cross-platform insights, while the workflow engine allows custom approval workflows. Notably, the integration of Esticom’s capabilities enhances project cost estimating. These improvements are set to increase efficiency and are expected to benefit over 1 million projects managed on Procore's platform, which has seen over $1 trillion in construction volume.
Summary not available.
Procore Technologies (NYSE: PCOR) announced enhancements to its construction management software aimed at meeting global customer needs. Key updates focus on document control, data security, and collaborative management features. The platform supports over 1 million projects globally, including 90 million documents uploaded in 2020 alone. With the addition of 11 new cloud data centers, Procore enhances speed and compliance with data privacy regulations such as GDPR and the CCPA. This positions Procore as a leader in providing customizable solutions to the construction industry.