Welcome to our dedicated page for Pros Holdings news (Ticker: $PRO), a resource for investors and traders seeking the latest updates and insights on Pros Holdings stock.
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PROS Holdings, a leading provider of AI-powered SaaS solutions, announced their participation in the Needham Technology, Media, & Consumer Conference in May 2024. The CFO and Head of Investor Relations will attend a Fireside Chat on May 15, 2024, with a live webcast available on their Investor Relations page.
PROS Holdings, Inc. reported strong first-quarter 2024 financial results with subscription revenue reaching $64.3 million, up 15% year-over-year. The company also saw improvements in subscription gross margin, total gross margin, and non-GAAP gross margin. With a positive outlook for the future, PROS exceeded guidance ranges across all metrics, driving 15% subscription revenue growth and a near 300% improvement in adjusted EBITDA. Recent business highlights include the launch of the PROS Copilot for Sales Plugin in partnership with Microsoft and the addition of several new customers and the expansion of the PROS Platform within existing customers. Todd McNabb was appointed as Chief Revenue Officer to lead PROS global go-to-market team. The company's financial outlook for the second quarter and full year 2024 shows positive growth in total revenue, subscription revenue, non-GAAP earnings per share, adjusted EBITDA, and free cash flow.