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.

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Expands into the Middle East & North Africa Through Strategic Partnership with Existing Investor, Mubadala

Procore Expands into the Middle East & North Africa Through Strategic Partnership with Existing Investor, Mubadala

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Earns Top Honors for Five Key Categories in G2 2021 Summer Report

Procore Earns Top Honors for Five Key Categories in G2 2021 Summer Report

TORONTO--(BUSINESS WIRE)---- $PCOR--ELEVATE Chooses Procore as Its Construction Management Platform

ELEVATE Chooses Procore as Its Construction Management Platform

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Enhances its Preconstruction Solution for Better Cost and Risk Management

Procore Enhances its Preconstruction Solution for Better Cost and Risk Management

TORONTO--(BUSINESS WIRE)---- $PCOR--Mass Timber Specialist Adera Adopts Procore Construction Management Platform

Mass Timber Specialist Adera Adopts Procore Construction Management Platform

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore continues Asia Pacific expansion, enters Southeast Asia

Procore Continues Asia Pacific Expansion, Enters Southeast Asia

Chase Coleman (Trades, Portfolio), founder of Tiger Global Management and one of Julian Robertson (Trades, Portfolio)'s former “tiger cubs,” disclosed a 7.43% stake in newly public Procore Technologies Inc. ( PCOR , Financial) earlier this week.

Chase Coleman Builds Stake in Procore Technologies

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), today announced that it has been recognized by TrustRadius as a Top Rated Construction Product. The Top Rated Product Awards are based purely on reviews; there is no paid placement, and analyst opinions do not influence the rankings. Since 2016, the TrustRadius Top Rated Product Awards have become an industry standard for unbiased recognition of B2B technology products. With a TrustRadius score of 8.8 out of 10 and o

Procore Earns a 2021 Top Rated Construction Product Award From TrustRadius

TORONTO--(BUSINESS WIRE)--Procore Technologies, Inc., a leading provider of construction management software, today published the results of a new survey that found Canadian construction managers who can access real-time insights into performance are estimated to be saving 4.5 hours each week. The study, What Gets Measured Gets Managed, focuses on the Canadian results of a survey that also included results from organizations in the United Kingdom and Ireland, France, Germany, the Netherlands an

Canadian Construction Managers are Estimated to Save 4.5 Hours a Week and Companies CAD$446K a Year Through Access to Real-Time Data: Procore Survey

Despite jumping more than 30% on its first trading day, Procore still might be worth a look.

Procore Just Went Public: Is It a Buy?

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced the closing of its initial public offering of 10,410,000 shares of its common stock, including the full exercise by the underwriters of their option to purchase 940,000 additional shares of common stock, at a price to the public of $67.00 per share. The shares are listed for trading on the New York Stock Exchange under the ticker symbol “PCOR.” G

Procore Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

Procore Technologies aims to improve the safety, efficiency and efficacy of the construction industry. The potential is huge given the size of the industry and old-fashioned practices.

Procore Technologies - Improving The Construction Site

Oatly

Following some turmoil in the IPO market, three IPOs and one direct listing entered the public markets this past week. SPAC activity picked up considerably, with seven blank check IPOs raising $1.3 billion.

U.S. IPO Weekly Recap: Oatly And Procore Shine In A 3 IPO, 1 Direct Listing Week

Strong stock market debuts by oat milk maker Oatly Group AB and construction software firm Procore Technologies eased investor concerns on Thursday that U.S. initial public offerings (IPOs) could suffer a bout of volatility.

Oatly, Procore debuts calm U.S. IPO jitters

Procore is thus being valued like a high-growth, high-margin software company, but it is not one that anticipates a rapid ramp to profitability.

Investors help Procore build a decacorn valuation in public debut

Today, the PCOR stock IPO is making headlines in the markets, as investors flock to this innovative tech name in the construction space. The post PCOR Stock IPO: 8 Things to Know as Procore Technologies Starts Trading appeared first on InvestorPlace.

PCOR Stock IPO: 8 Things to Know as Procore Technologies Starts Trading

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc., a leading provider of construction management software, today announced the pricing of its initial public offering of its common stock at a price of $67.00 per share. Procore is offering 9,470,000 shares of its common stock. The shares are expected to begin trading on the New York Stock Exchange on May 20, 2021 under the symbol “PCOR” and the offering is expected to close on May 24, 2021, subject to customary closing conditions.

Procore Announces Pricing of Initial Public Offering

Squarespace

There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat milk.

News for Procore Technologies Stock (PCOR)