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 Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced that it will report its fourth quarter and full fiscal year 2023 financial results after the U.S. financial markets close on Thursday, February 15, 2024. In conjunction with this announcement, Procore will host a conference call on Thursday, February 15, 2024, at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial.

Procore Announces Timing of Fourth Quarter and Full Fiscal Year 2023 Earnings Call

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IPO Stock Of The Week Procore Technologies is nearing a fresh buy point, but PCOR stock has a flaw that investors should watch.

IPO Stock Of The Week: Procore Nears Breakout, But Watch Out For This Flaw

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Procore is the leading vendor in the construction industry software space. After quarters of watchful scrutiny, the company finally saw elongated sales cycles at the end of Q3 and has significantly reduced its growth expectations for this quarter and for 2024. Despite the revenue growth slowdown, the company has been able to achieve significant improvements in operating margins and free cash flow.

Procore: The Economy Is Cooling But Construction Spend Is Growing And Procore's Profitability Is Rising

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

Surging Earnings Estimates Signal Upside for Procore Technologies (PCOR) Stock

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Procore Technologies (PCOR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Procore Technologies (PCOR) Loses -26.01% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Procore Technologies, Inc. (NYSE:PCOR ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Matthew Puljiz - Vice President, Finance Tooey Courtemanche - Founder, President and Chief Executive Officer Howard Fu - Chief Financial Officer Conference Call Participants Brent Bracelin - Piper Sandler DJ Hynes - Canaccord Saket Kalia - Barclays Mike Richards - Stifel Jason Celino - KeyBanc Daniel Jester - BMO Dylan Becker - William Blair Brent Thill - Jefferies Nick Altmann - Deutsche Bank Operator [Abrupt Start] I will be your moderator today. [Operator Instructions] I would now like to pass the conference over to our host, Matthew Puljiz with Procore.

Procore Technologies, Inc. (PCOR) Q3 2023 Earnings Call Transcript

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, 2023. “We remain excited about the long-term opportunity ahead of us, as we continue to deliver technology that drives the efficiency and productivity gains that are critical for our customers in today's uncertain climate. Amidst a more challenging demand environment, we continu.

Procore Announces Third Quarter 2023 Financial Results

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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 third quarter fiscal year 2023 financial results after the U.S. financial markets close on Wednesday, November 1, 2023. In conjunction with this announcement, Procore will host a conference call on Wednesday, November 1, 2023 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance.

Procore Announces Timing of Third Quarter Fiscal Year 2023 Earnings Call

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Procore Technologies, Inc. provides construction management software globally. The company's revenue has been increasing, but operating losses remain high. Procore's growth may be impacted by lengthening sales cycles and smaller initial contract wins in the short term.

Procore Technologies Sees Pockets Of Caution And Operating Losses Remain High

CARPINTERIA, Calif.--(BUSINESS WIRE)--According to a report released today by Procore Technologies, Inc. (NYSE: PCOR) and the Associated General Contractors of America (AGC), 78% of civil and infrastructure construction firms expect their project backlog to increase or remain the same over the next year as new federal infrastructure funding ramps up. The report, Top Civil & Infrastructure Trends: Today's Industry Challenges and Opportunities, found that many firms are worried that labor sho.

78 Percent of Civil Contractors Expect Project Backlog to Increase or Remain the Same as Infrastructure Funding Kicks in, New Study by AGC and Procore Finds

Unearth Technologies, a Seattle startup that develops mapping software for the construction industry, announced Friday it was acquired by Procore Technologies, a publicly traded company based in Southern California.

Construction software company Procore acquires Seattle mapping startup Unearth

LOS ALTOS, Calif.--(BUSINESS WIRE)--Versatile, a frontrunner in construction site data collection and automation, proudly announces its integration with Procore Technologies Inc., a leading global provider of construction management software. The integration marks a significant milestone in the construction industry, simplifying the process of updating daily construction logs with accurate site progress data. Construction teams have long grappled with the time-intensive task of manually recordi.

Versatile and Procore Collaborate to Revolutionize Construction Data Management

CHICAGO--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced Procore Copilot, a new artificial intelligence-powered conversational and predictive experience that will provide customers the ability to automate time intensive, manual processes across the Procore Platform. “The true advantage of connecting all construction stakeholders on a global platform lies in the power of connected data,” said Tooey Courteman.

Procore Revolutionizes Construction Workflows with Innovative AI-Powered Copilot

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today is kicking off Groundbreak 2023, the construction industry's most innovative conference. Every year, Procore brings together thought leaders to build connections, elevate their knowledge and embrace transformation happening across the industry. “Procore's mission is to connect everyone in construction on a global platform, and that's what Groundbrea.

Procore Ignites a New Era of Digital and Cultural Transformation at Groundbreak 2023

BOSTON--(BUSINESS WIRE)--Suffolk, one of the largest and most innovative real estate and construction enterprises in the country, has announced that the company has been selected as a finalist for the prestigious 2023 Procore Groundbreaker Awards, in the categories of Project Excellence: General/Main/Head Contractor for its Boston University Center for Computing & Data Sciences, and Excellence in Innovation. The award winners in nine categories will be announced at Procore's annual Groundbr.

Suffolk Named Finalist for 2023 Procore Groundbreaker Awards

Procore Technologies is in the early stage of its opportunity to provide the construction industry with excellent cloud-based productivity tools. A poor economy can negatively impact the construction industry and Procore Technologies' results.

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