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), a leader in construction management software, will announce its first quarter fiscal year 2023 financial results on May 3, 2023, after the U.S. markets close. A conference call will follow at 2:00 p.m. PT to discuss the results and financial guidance. Interested parties can join the call by dialing (833) 470-1428 for domestic and (404) 975-4839 for international access. Procore's platform has been instrumental in managing over 1 million projects and facilitating $1 trillion in construction volume, showcasing its strong market presence. As a global provider, Procore continues to connect stakeholders through tailored solutions designed specifically for the construction industry.
Procore Technologies (NYSE: PCOR) has launched Procore Risk Advisors, a modern construction brokerage aimed at enhancing insurance solutions for the construction industry. This service offers exclusive A+ rated insurance programs in collaboration with Allianz Global Corporate & Specialty and Swiss Re. Procore Risk Advisors will use data-driven insights from Procore's platform to help clients secure more favorable insurance terms and pricing, rewarding clients for risk mitigation and technology adoption. This initiative aligns with Procore's goal of improving operational efficiency and safety within the construction realm.
Procore Technologies, Inc. (NYSE: PCOR) has appointed Sarah Hodges as its new chief marketing officer (CMO), effective immediately. Hodges will drive the strategic marketing plan and oversee all marketing operations worldwide to align with Procore’s financial and business goals. Recognized for her extensive experience in SaaS marketing, Hodges previously held leadership roles at Autodesk, bringing over 20 years of expertise. Procore aims to enhance its brand and expand its industry impact under her leadership. Hodges holds a marketing and communications degree from Northeastern University.
Procore Technologies, Inc. (NYSE: PCOR) reported strong financial results for Q4 and full year 2022, showcasing a 38% increase in revenue to $202 million and a year-over-year revenue growth of 40% for the full year, reaching $720 million. The company’s gross margin stood at 80% (GAAP) and 84% (non-GAAP), while short-term RPO grew 34% year-over-year, totaling $798 million. Leadership changes were announced, with Paul Lyandres transitioning to President of Fintech and Howard Fu stepping up as CFO. For 2023, Procore anticipates revenue growth of 24-25%, projecting $895-$900 million, while maintaining a non-GAAP operating margin of (6.5%) to (7.5%).
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