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.
PROS Holdings, Inc. (PRO) provides AI-powered SaaS pricing and selling solutions for intelligent commerce. Its PROS Platform uses predictive AI, real-time analytics and automation to support pricing, revenue management, offer marketing, CPQ, and omnichannel shopping and selling experiences.
Company news has centered on PROS Platform product availability, including PROS Smart Price Optimization and Management on SAP Store, integrations with SAP S/4HANA Cloud and SAP Business Technology Platform, customer adoption, strategic partnerships, quarterly operating results, investor presentations, material agreements, governance matters and the completed merger that ended its NYSE-listed public-company status.
PROS Holdings (NYSE: PRO) has announced a five-year strategic alliance with Microsoft, enhancing its existing relationship. This go-to-market agreement aims to boost the adoption of digital selling technologies, leverage AI, and optimize sales processes through PROS Smart Configure Price Quote and Microsoft Dynamics 365. Gartner predicts that by 2025, 75% of B2B sales organizations will embrace AI-powered selling solutions. The collaboration seeks to provide companies with seamless digital experiences, improving customer engagement and revenue consistency.
PROS (NYSE: PRO) announces that Royal Brunei Airlines has chosen its Revenue Management Essentials+ (RME+) solution to enhance revenue management and digital transformation strategies. RME+ utilizes AI-powered demand forecasting to optimize revenue across regional and long-haul traffic. This partnership positions RB to strengthen its competitive advantage in a challenging market, aligning with its growth plans. PROS aims to fulfill RB's commercial objectives through innovative revenue management capabilities.
PROS, a SaaS solutions provider, has updated its financial outlook for Q4 and full year 2021. The company projects Q4 total revenue between $64.0 and $64.5 million, representing a 6% increase year-over-year. However, full year revenue is expected to decline by 1% to between $250.4 and $250.9 million. Subscription revenue for Q4 is forecasted at $46.0 to $46.5 million, up 8% year-over-year. The company plans to release full financial results on February 10, 2022.
PROS (NYSE: PRO), a SaaS provider, announced the granting of equity awards totaling 332,004 shares via time-based restricted stock units (RSUs) to induce 13 EveryMundo employees to join the company following its acquisition of EveryMundo, LLC. Founders Seth Cassel and Anton Diego received 141,884 RSUs each, while 11 other employees were granted a total of 48,236 RSUs. The awards, approved by PROS's Compensation and Leadership Development Committee, vest over four years and are exempt from shareholder approval under NYSE guidelines.
PROS announced the acquisition of EveryMundo for $80 million in cash and $10 million in stock. EveryMundo specializes in digital offer marketing, enhancing brands' engagement and customer experience. The acquisition aims to improve PROS' omnichannel sales capabilities, allowing brands to directly reach their customers and lower costs associated with intermediaries. The deal is expected to strengthen PROS' market position and expand its technology offerings, though integration challenges and other risks are acknowledged.
PROS (NYSE: PRO), a leading SaaS provider, has been selected by Emirates SkyCargo, one of the largest air cargo carriers globally, to enhance their digitalization and omnichannel sales. This partnership will implement PROS Smart Price Optimization and Smart Configure Price Quote, enabling dynamic pricing and quoting capabilities tailored for real-time market demands. The move aims to address increasing customer expectations and improve overall service efficiency, positioning PROS as a crucial player in the evolving air cargo landscape.
PROS Holdings, Inc. (NYSE: PRO) announced a virtual investor fireside chat during its Outperform 2021 conference, scheduled for November 17, 2021, at 2:30 p.m. ET. The chat, moderated by Belinda Overdeput, will include a customer panel featuring executives from USG Corporation, United Airlines, Goodman Manufacturing, and WESCO, followed by a panel of PROS executives. The Outperform 2021 event starts on November 16, 2021, offering insights for pricing and selling professionals. Archived webcasts will be available for those who cannot attend.
PROS Holdings, Inc. (NYSE: PRO) reported its Q3 2021 financial results, demonstrating a 2% year-over-year revenue increase to $62.7 million. Subscription revenue also grew by 5% to $44.1 million. Despite a minor gross profit decrease of 1%, the operating loss narrowed to $(15.8) million, and net loss improved to $(17.5) million. The company received accolades, including being named a leader in Gartner's Magic Quadrant and IDC's MarketScape, while forecasting total revenue between $63.0 million and $64.0 million for Q4 2021.
PROS (NYSE: PRO) announced the appointments of Ajay Damani as Executive Vice President of Software Engineering and Sunil John as Chief Product Officer. These industry veterans aim to drive AI innovation through the PROS Platform, targeting a $30B addressable market. Damani, with 20 years at PROS, will oversee engineering, while John, with 16 years of experience, will lead product management and data science efforts. Their leadership is expected to enhance PROS's technological capabilities while advancing customer-centric solutions.
PROS (NYSE: PRO), a SaaS provider, has been recognized as a Leader in Gartner’s 2021 Magic Quadrant for Configure, Price and Quote (CPQ) Application Suites. This recognition is attributed to PROS' innovative product vision and extensive CPQ capabilities. The Gartner report noted a 14.1% growth in the CPQ market, reaching approximately $1.44 billion in 2020. PROS aims to use this recognition to bolster its commitment to AI-driven sales automation, enhancing omnichannel sales experiences. The PROS Platform's AI features support dynamic pricing, cost modeling, and demand forecasting.