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)--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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Procore Technologies (PCOR) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -12.51% in 4 Weeks, Here's Why You Should You Buy the Dip in Procore Technologies (PCOR)

Procore Technologies, Inc. (NYSE:PCOR ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Matthew Puljiz - Vice President of Finance Tooey Courtemanche - Founder, President & Chief Executive Officer Howard Fu - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Dylan Becker - William Blair Brent Bracelin - Piper Sandler Brent Thill - Jefferies Ken Wong - Oppenheimer Aaron Kimson - Citizens JMP Operator Good afternoon. Thank you for attending today's Procore Technologies, Inc. Fiscal Year '24 Q1 Earnings Call.

Procore Technologies, Inc. (PCOR) Q1 2024 Earnings Call Transcript

Procore Technologies (PCOR) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.01 per share a year ago.

Procore Technologies (PCOR) Q1 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 first quarter ended March 31, 2024. “The highly complex and collaborative nature of our industry underscores the importance of our mission to connect everyone in construction on a global platform,” said Tooey Courtemanche, Founder and CEO of Procore. “Our trusted, innovative platform mirrors what the industry ne.

Procore Announces First Quarter 2024 Financial Results

Procore Technologies (PCOR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Procore Technologies (PCOR) Upgraded to Buy: Here's Why

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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 report its first quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, May 1, 2024. In conjunction with this announcement, Procore will host a conference call on Wednesday, May 1, 2024 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To access.

Procore Announces Timing of First Quarter Fiscal Year 2024 Earnings Call

Procore Technologies is a leading provider of cloud-based construction management software and is led by a strong founder-led CEO. The company has been growing revenue and client count, but is still unprofitable, and its stock is down since going public. Procore operates in the construction industry, which is one of the largest and least digitized industries, presenting a significant opportunity for growth.

Procore Technologies: A Promising Founder-Led Company With Large Opportunity

Procore Technologies (PCOR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Procore Technologies (PCOR) Upgraded to Buy: Here's What You Should Know

Founded in 2002 by current CEO Craig Courtemanche, Procore's construction software business is expected to top $1.1 billion in revenue this year.

How Procore's CEO Built A Billion-Dollar Construction Software Business

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Here is how Procore Technologies (PCOR) and The Real Brokerage Inc. (REAX) have performed compared to their sector so far this year.

Has Procore Technologies (PCOR) Outpaced Other Business Services Stocks This Year?

Procore Technologies (PCOR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Procore Technologies, Inc. (PCOR) Hits Fresh High: Is There Still Room to Run?

Procore presents a compelling investment opportunity in the under-digitized construction industry with its product portfolio addressing pain points and enhancing productivity. Procore's fintech initiatives, including Procore Pay, present a significant opportunity to enhance shareholder value by addressing payment delays and streamlining processes within the construction industry. Procore Pay has the potential to generate over $1 billion in revenue by 2028.

Procore: A Fintech-Infused Growth Story

Procore Technologies (PCOR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why Procore Technologies (PCOR) Might be Well Poised for a Surge

All You Need to Know About Procore Technologies (PCOR) Rating Upgrade to Buy

Procore surpasses $1 billion in ARR in FY 2023. PCOR's stock has seen ups and downs since going public, currently trading slightly below debut price. Enactment of IRA, infrastructure bills, and CHIPS act could lead to a construction "gold rush", accelerating demand for PCOR offerings.

Procore Technologies: Cashing In On Potential Infrastructure Gold Rush

Procore Technologies Inc. NYSE: PCOR is a construction management software platform serving civil, commercial and residential markets. It helps manage workflows, costs and communication between owners, project managers and contractors from conception to completion.

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