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.
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PROS Holdings, Inc. (NYSE: PRO) will host its Analyst Day on May 23, 2023, during the Outperform 2023 conference in Denver, CO. The event, scheduled from 1:30 p.m. to 3:30 p.m. MT, will feature a panel of PROS customers and presentations by the executive management team, followed by a live Q&A session. Investors can register for the event either in-person or virtually through the company's website. A discounted registration rate of $395 is available for investors attending additional sessions of the conference, which starts on May 22, 2023. PROS is recognized for its AI capabilities in CPQ and price optimization, helping businesses like Cargill and Siemens achieve significant efficiency gains and revenue improvements.
PROS (NYSE: PRO) is set to release its financial results for Q1 2023 on May 2, 2023, after the U.S. markets close. A conference call will follow at 4:45 p.m. ET to discuss these results and the company's outlook. Investors can access the call at 1-877-407-9039 or view the webcast on the PROS website. PROS is recognized for its market-leading AI capabilities in CPQ and price optimization, reportedly delivering significant efficiency gains and revenue improvements for its customers. Notable clients include major brands like Cargill, HP, and Siemens. PROS aims to leverage its advanced AI to process over 2 trillion transactions annually.
PROS Holdings, Inc. (NYSE: PRO) announced brand ambassadors Mina Harigae and J.J. Spaun for 2023, featuring the PROS logo on their golf apparel. Harigae, starting her 14th LPGA season, aims to build on her successful 2022, including a runner-up finish at the U.S. Women’s Open. Spaun, a 2022 PGA TOUR winner, expresses pride in aligning with PROS values. Chief Marketing Officer Grad Conn emphasizes the brand's commitment to equity and inclusion. PROS is recognized for its AI-driven CPQ and price optimization, boasting significant efficiency and revenue gains for clients. The partnership aims to enhance brand visibility in professional golf.
PROS Holdings, Inc. (NYSE: PRO) reported strong financial results for Q4 and FY 2022, with subscription revenue reaching $204.0 million, a 15% year-over-year increase. The company achieved a 73% subscription gross margin, reflecting a growth of over 500 basis points. Despite a net loss of $82.2 million for FY 2022, adjusted EBITDA turned positive in the second half. For Q1 2023, the company forecasts total revenue between $70.4 million and $71.4 million, with subscription revenue expected to rise by 11%.
PROS aims for positive adjusted EBITDA and free cash flow in 2023, positioning itself to capitalize on market opportunities.
PROS (NYSE: PRO) will release its financial results for Q4 and full year 2022 on February 9, 2023, after U.S. markets close. A conference call to discuss these results and the business outlook will also be held the same day at 4:45 p.m. ET. PROS is recognized for its advanced AI capabilities in CPQ and price optimization, delivering significant efficiencies and revenue improvements to top brands. The company's solutions process over 2 trillion transactions annually, demonstrating its robust market presence and operational effectiveness.
PROS Holdings, Inc. (NYSE: PRO) has been recognized as a Leader in Gartner's 2022 Magic Quadrant for Configure, Price and Quote (CPQ) Application Suites for the second consecutive year. This acknowledgment highlights the company's focus on innovation in the CPQ space, as expressed by CEO Andres Reiner. Gartner notes that Leaders excel in execution through successful customer deployments and high satisfaction scores. Additionally, PROS ranked among the top vendors in sales use cases, showcasing its strength in delivering omnichannel experiences.
PROS Holdings, Inc. (NYSE: PRO) reported Q3 2022 financial results with subscription revenue reaching $51.8 million, a 17% increase year-over-year. Total revenue grew 12% to $70.3 million. Subscription gross margin improved to 73%, while non-GAAP subscription gross margin rose to 77%, up over 500 basis points.
The company welcomed new clients including ABB and GE Healthcare, and expects to achieve an adjusted EBITDA of $(22.5) to $(21.5) million for the full year, raising guidance for total revenue and subscription revenue.