Procore Technologies

Procore Technologies, Inc. engages in the development of cloud-based construction management software. Its platform streamlines and mobilizes project communications and documentation for stakeholders such as owners, architects, engineers, and general and specialty contractors. The company was founded by Craig F. Courtemanche, Jr. and Steven C. Zahm in 2002 and is headquartered in Carpinteria, CA.

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Procore Technologies excels in Q4, eyes fintech growth opportunities

Procore Technologies' Q4 earnings call showcased strong performance, strategic leadership changes, and a focus on efficiency and growth. Despite challenges, the company remains optimistic about customer sentiment and industry trends, with a keen eye on fintech opportunities and innovative solutions.

Procore reports robust Q1 earnings, eyes Fintech opportunities for growth

Procore Technologies delivered a strong Q1 performance, with revenue growth, customer additions, and strategic initiatives driving growth and operational efficiency.
The company's leadership team is aligned on key objectives, with a focus on capitalizing on strengths, addressing challenges, and pursuing growth opportunities.
Despite cautiousness in the macro environment, Procore remains confident in meeting guidance, leveraging its diversified customer base and market positioning for future success.
Efforts in Fintech, risk management, and international market expansion position Procore for continued growth and success in the construction industry.

Procore reports robust Q2 growth, navigates customer behavior dynamics

Procore Technologies delivered strong Q2 results with revenue growth and customer expansion, showcasing resilience and innovation in the construction industry.
While facing challenges like customer sentiment-driven downgrades and margin improvement needs, Procore is focused on seizing opportunities for growth and efficiency.
The company's strategic initiatives and steady growth rate position it well for future success, supported by a belief in sustained demand for construction services.
Procore's performance, strengths, challenges, and opportunities collectively paint a picture of a company navigating industry dynamics with a focus on innovation and growth.

Procore reports robust Q3 revenue growth amidst macro challenges

Procore's Q3 showed strong revenue growth and stable customer base behavior.
Despite macroeconomic challenges, the company is focusing on efficiency and stability.
Opportunities lie in margin expansion, enterprise market stability, and cross-selling efforts.
Challenges include elongated sales cycles, increased deal scrutiny, and economic uncertainties.

Procore surpasses $1B ARR milestone, eyes growth in infrastructure

Procore's Q4 2023 performance reflects strong financial achievements and positive customer sentiment, with a focus on growth and efficiency in 2024.
The company faces challenges related to shifting customer sentiment, configurability demands, and navigating a challenging macro environment.
Opportunities lie in expanding into infrastructure projects, increasing financial suite adoption, and driving margin improvement through operational efficiency.
Procore's strategic strengths in client relationships, product focus, and operational enhancements position it well for future growth and success.

Procore Technologies excels in Q1 2024, eyes growth opportunities

Procore Technologies delivered robust Q1 results with strong revenue growth and operational performance, backed by a focus on efficiency and customer value.
While facing short-term challenges from macroeconomic headwinds and a slowdown in customer additions, Procore remains well-positioned for long-term success.
Opportunities in Procore Pay adoption, innovation through AI, and Larry Stack's leadership engagement present avenues for continued growth and market differentiation.

Procore Technologies reports strong Q2 growth amidst strategic transitions

Procore Technologies delivered a robust performance in Q2 2024, marked by strong revenue growth and strategic initiatives to drive long-term growth.
While facing challenges in churn and retention metrics, the company is proactively addressing them through a new go-to-market model and accelerated sales investments.
Maintaining revenue guidance and focusing on margin expansion reflect Procore's confidence in its ability to navigate transitions and capitalize on opportunities.
Overall, Procore's outlook remains optimistic, with a clear focus on innovation, operational optimization, and sustainable growth strategies.

Procore Technologies reports strong Q3 growth and outlines future expansion

Procore Technologies' Q3 performance reflects growth and strategic investments, with a focus on go-to-market changes and technology innovation. While challenges in margin management persist, the company is optimistic about long-term growth across global stakeholders.

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Procore Technologies, Inc. engages in the development of cloud-based construction management software. The company was founded by Craig F. Courtemanche, Jr. and Steven C. Zahm in 2002 and is headquartered in Carpinteria, CA.

Procore Technologies, Inc. (NYSE:PCOR ) Q3 2024 Earnings Call October 30, 2024 5:00 PM ET Company Participants Alexandra Geller - Head, Investor Relations Tooey Courtemanche - Founder, President and Chief Executive Officer Howard Fu - Chief Financial Officer Conference Call Participants DJ Hynes - Canaccord Joe Vruwink - Baird Luv Sodha - Jefferies Saket Kalia - Barclays Brent Bracelin - Piper Sandler Adam Borg - Stifel Dylan Becker - William Blair Jason Celino - KeyBanc Nick Altmann - Scotiabank Sameer Patel - Mizuho Operator Good evening, all and thank you all for attending the Procore Technologies Full Year ‘24 Third Quarter Earnings Call. My name is Brika, and I will be your moderator for today's call.

Procore Technologies, Inc. (PCOR) Q3 2024 Earnings Call Transcript

Procore Technologies (PCOR) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.09 per share a year ago.

Procore Technologies (PCOR) Q3 Earnings and Revenues Surpass Estimates

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $pcor--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced financial results for the third quarter ended September 30, 2024. “We have made good progress on our go-to-market transition we announced last quarter,” said Tooey Courtemanche, Founder, President, and CEO of Procore. “We believe this evolution will position us to become a multi-billion revenue company, while building deep and lasting pa.

Procore Announces Third Quarter 2024 Financial Results

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $pcor--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced that it will report its third quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, October 30, 2024. In conjunction with this announcement, Procore will host a conference call on Wednesday, October 30, 2024 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance.

Procore Announces Timing of Third Quarter Fiscal Year 2024 Earnings Call and Announces Date for 2024 Investor Day

I recommend a 'Buy' rating for Procore due to its robust revenue growth, expanding margins, and undervaluation relative to Autodesk. Procore's financials showcase rapid revenue growth, expanding gross margins, and strong cash generation, despite not yet achieving GAAP profitability. The company's valuation is attractive, with Procore trading at a lower EV/Revenue multiple than Autodesk.

Procore Technologies: Strong Growth, Expanding Margins, And Relative Undervaluation

Procore's growth has been impacted by rising interest rates, but a falling rate environment could boost user sentiment and increase software spending in the construction space. Procore probably has the broadest platform in the construction industry, and with new entries into payments, genAI, and a push into the channel, it has new unforecasted growth drivers. The company's sales force reorganization may cause short-term disruption, but it is expected to drive long-term growth and deeper customer engagement.

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Procore recently announced strategic changes to their go-to-market operating model, which will impact revenue growth and operating margins in the near term. The company is focused on creating an operating model which will lead to stronger customer relationships, specifically in international markets. Despite short-term challenges, Procore's financial performance remains strong with revenue growth, high customer retention, and a solid balance sheet.

Procore Technologies: Opportunity For The Long-Term

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CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced that it will host an investor call with Chief Revenue Officer, Larry Stack, on Friday, August 16, 2024 at 1:00 p.m. (Pacific time) to address questions from shareholders following its Q2 FY2024 earnings call. To access this webinar, please email ir@procore.com. About Procore Procore Technologies, Inc. (NYSE: PCOR) creates software for pe.

Procore Announces Investor Call with CRO Larry Stack

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Procore's Q2 revenue was $284 million, surpassing management's guidance. Non-GAAP operating margin reached 17.6%, outperforming expectations by 5.6 percentage points.

Procore's Q2 Revenue Tops Guidance, but It's Stil Posting Bottom-Line Losses

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Procore Technologies, Inc. (NYSE:PCOR ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Matthew Puljiz - SVP, Finance and Investor Relations Tooey Courtemanche - Founder, CEO , President & Chairman Howard Fu - CFO Conference Call Participants Dylan Becker - William Blair & Company Saket Kalia - Barclays Jason Celino - KeyBanc Capital Markets Alexei Gogolev - JPMorgan Nick Altmann - Scotiabank Robert Trout - Macquarie Brent Thill - Jefferies Andrew Sherman - TD Cowen Operator Good afternoon, everyone. I would like to thank you for attending the Procore Technologies' Full-Year 2024 Q2 Earnings Call.

Procore Technologies, Inc. (PCOR) Q2 2024 Earnings Call Transcript

Procore Technologies (PCOR) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.02 per share a year ago.

Procore Technologies (PCOR) Q2 Earnings and Revenues Top Estimates

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced financial results for the second quarter ended June 30, 2024. “We are in the early innings of transforming one of the largest and least digitized industries in the world,” said Tooey Courtemanche, Founder, President, and CEO of Procore. “I am excited about the future of Procore as we embark on the next phase of our journey by connecting.

Procore Announces Second Quarter 2024 Financial Results

Procore Technologies (PCOR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Procore Technologies (PCOR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Procore Technologies (PCOR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Procore Technologies (PCOR) Beat Estimates Again in Its Next Earnings Report?

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced the launch of the process to authorize its platform and solutions with the Federal Risk and Authorization Management Program (FedRAMP®). Procore's launch of the FedRAMP authorization process highlights a dedication to delivering the highest standards of security and data compliance for federal customers and contractors. Procore has been.

Procore Launches FedRAMP Authorization Process to Provide Federal Customers with Enhanced Cloud Security

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced that it will report its second quarter fiscal year 2024 financial results after the U.S. financial markets close on Thursday, August 1, 2024. In conjunction with this announcement, Procore will host a conference call on Thursday, August 1, 2024 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To ac.

Procore Announces Timing of Second Quarter Fiscal Year 2024 Earnings Call

Procore Technologies is recommended as a buy due to its potential to gain market share in the digitizing construction industry. PCOR's cloud-native platform targets a large market with room for growth, especially as the industry transitions to digital solutions. PCOR's new payment module and unlimited user pricing model are expected to support its growth and increase platform stickiness.

Procore Technologies: Well-Positioned To Benefit From The Construction Industry Digitization Trend

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today is kicking off Innovation Summit 2024, announcing a series of product advancements to help customers improve collaboration throughout the construction lifecycle. Procore has spent the last two decades building one of the leading enterprise-grade construction management platforms for customers all around the world, from preconstruction to closeout.

Procore Unveils Latest Product Advancements at Innovation Summit 2024

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