Pros Holdings Stock Price, News & Analysis

PROS Holdings (NYSE: PRO) announced that President and CEO Andres Reiner plans to retire. Reiner will remain in his position during the search for his successor and serve as an advisor for 12 months afterward to ensure a smooth transition. The Board of Directors has initiated its succession plan and engaged a national executive search firm to find the next CEO. The company emphasizes its strong leadership team and positioning for continued market innovation and sustainable growth.

PROS Holdings (NYSE: PRO) reported strong Q3 2024 results with subscription revenue reaching $67.1 million, up 12% year-over-year. Total revenue increased 7% to $82.7 million. The company achieved significant profitability improvements, including a subscription gross margin of 78% and non-GAAP subscription gross margin of 80%. Notable was the 185% improvement in operating cash flow year-to-date. The company posted a net income of $0.2 million, compared to a loss of $13.9 million in Q3 2023. For Q4 2024, PROS expects total revenue between $84.1-$85.1 million and subscription revenue of $68.5-$69.0 million.

PROS Holdings (NYSE: PRO) has announced PROS Smart Rebate Management as part of its latest Platform release. This AI-powered solution automates and streamlines rebate management processes, integrating with existing pricing and selling capabilities. The platform includes features for rebate programs management, attainment tracking, accruals and settlements, claims management, and approval workflows.

The solution aims to help businesses deliver optimized offers at quote time across all sales channels, maximizing conversion and profitability. It addresses the challenge of manual rebate calculations through spreadsheets by providing an automated, unified approach to managing rebates within the context of a complete platform.

PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered SaaS solutions for pricing, CPQ, revenue management, and digital offer marketing, has announced its schedule for releasing third quarter 2024 financial results. The company will disclose its financial performance for the quarter ending September 30, 2024, after U.S. financial markets close on Tuesday, October 29, 2024.

Following the release, PROS will host a conference call at 4:45 p.m. ET on the same day to discuss the results and business outlook. Interested parties can access the call via phone or webcast. A replay of the call will be available until November 5, 2024.

PROS Holdings, Inc. (NYSE: PRO) has announced the appointment of Jennifer Biry to its Board of Directors, effective August 26, 2024. Biry, who joins as an independent director, brings over 25 years of accounting, finance, and operational experience to the role. She currently serves as the Chief Financial and Operating Officer for McAfee, overseeing global finance, strategy, M&A, IT, security, sales, customer service, and procurement operations, responsible for over $2B in annual revenue.

Prior to McAfee, Biry held the position of Chief Financial Officer at WarnerMedia from 2020-2022 and various leadership roles at AT&T Communications. PROS Non-Executive Chairman Bill Russell and President and CEO Andres Reiner expressed enthusiasm about Biry's appointment, citing her valuable experience as the company scales and pursues AI-driven market opportunities.

PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered SaaS solutions for pricing, CPQ, revenue management, and digital offer marketing, has announced its participation in two investor conferences in August 2024. The company will be represented at the KeyBanc Capital Markets Technology Leadership Forum in Vail, CO on August 6, with a fireside chat featuring Sunil John (Chief Product Officer) and Belinda Overdeput (Head of Investor Relations). Additionally, PROS will participate in the Oppenheimer 27th Annual Technology, Internet, & Communications Conference virtually on August 13, with Stefan Schulz (CFO) and Belinda Overdeput presenting in a fireside chat. Live webcasts and archives of both events will be available on the company's Investor Relations page.

PROS Holdings, Inc. (NYSE: PRO) reported strong Q2 2024 financial results, exceeding guidance across all metrics. Highlights include:

- Subscription revenue of $65.6 million, up 14% year-over-year
- Total revenue of $82.0 million, an 8% increase
- Non-GAAP subscription gross margin of 80%, improving by over 160 basis points
- Operating cash flow improved by $13.0 million, or nearly 200%

The company welcomed new customers and expanded adoption within existing ones. PROS won Microsoft's Global ISV Partner of the Year Award and achieved top results in G2's Summer 2024 Reports. The outlook for Q3 2024 includes total revenue of $81.5 to $82.5 million and subscription revenue of $65.8 to $66.3 million.

PROS (NYSE: PRO), a leading provider of AI-powered SaaS solutions, will release its financial results for Q2 2024 on July 30, 2024, after the U.S. markets close. The company will also host a conference call at 4:45 p.m. ET on the same day to discuss the results and business outlook. Interested parties can join the call by dialing 1-877-407-9039 (toll-free) or 1-201-689-8470. Webcasts of the live and archived calls will be available on the company’s website. A telephone replay will be available until August 6, 2024, using the pass code 13747137.

PROS Holdings (NYSE: PRO), a leader in AI-powered SaaS solutions, has been awarded the 2024 Microsoft Global ISV Partner of the Year Award. Recognized for its excellence in AI innovation and strategic collaboration with Microsoft, PROS has demonstrated significant contributions to the delivery of enhanced cloud solutions. President and CEO Andres Reiner emphasized the company's 18+ year partnership with Microsoft, highlighting ongoing joint development initiatives aimed at advancing digital transformation and growth for customers. This accolade underscores PROS's commitment to leveraging AI and Microsoft's Cloud Platform to provide competitive advantages. The award was part of the annual Microsoft Partner of the Year Awards, which received over 4,700 nominations from more than 100 countries. The winners will be celebrated at the MCAPS Start for Partners digital event in July and at Microsoft Ignite in November.