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 appointed Joy Durling as its first chief data officer. She will oversee the company's data-as-a-product strategy, information technology, data intelligence, and security. Durling previously served as executive vice president and CIO at Vivint, where she led data-driven innovations and platform scaling for public transition. Procore's CEO, Tooey Courtemanche, emphasized Durling's experience and vision for leveraging data to enhance customer value and competitive advantage in the construction industry.
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.
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.
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.
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.
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