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.

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Procore Technologies (PCOR) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.10 per share. This compares to loss of $0.19 per share a year ago.

Procore Technologies (PCOR) Beats Q2 Earnings and Revenue Estimates

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced financial results for the second quarter ended June 30, 2023. “I'm proud of the results we delivered this quarter as we continued to work toward our vision of improving the lives of everyone in construction,” said Tooey Courtemanche, founder, president and CEO of Procore. “We're delivering solutions that help the construction industry find.

Procore Announces Second Quarter 2023 Financial Results

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced it will host its 2023 Investor Day on Wednesday, September 20, 2023 from 9:00 a.m. to 12:00 p.m. Central Time. The event will be held in-person in conjunction with Groundbreak 2023, Procore's leading construction technology conference, taking place at the McCormick Place Conference Center in Chicago, Illinois. Virtual participation for Inv.

Procore to Host 2023 Investor Day on September 20, 2023

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) Expected to Beat Earnings Estimates: Should You Buy?

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Procore's cloud-based tools, aimed at improving workflow inefficiencies, stand to capitalize on the growing demand and anticipated increase in global construction spending. Real-time data aggregation and analysis offered by Procore could automate complex workflows, providing a competitive advantage and increased transparency in the construction industry. Recommend a "hold" due to the company's overvaluation, unprofitability due to high SG&A expenses, and risks associated with fluctuations in construction spending, heightened competition, and reliance on third-party services.

Procore Technologies: Attractive Growth Potential, But Concerns Remain

Does Procore Technologies (PCOR) have what it takes to be a top stock pick for momentum investors? Let's find out.

Procore Technologies (PCOR) is a Great Momentum Stock: Should You Buy?

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CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that it will report its second quarter fiscal year 2023 financial results after the U.S. financial markets close on Wednesday, August 2, 2023. In conjunction with this announcement, Procore will host a conference call on Wednesday, August 2, 2023 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 2023 Earnings Call

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Procore Technologies is under the radar for focusing on the construction industry, which receives less attention from investors than other industries like technology or healthcare. Zscaler is a company that focuses on aspects of cybersecurity that the average person may not understand very well; therefore, it has fallen off many investors' radar screens.

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Procore has demonstrated substantial financial progress, as its revenue soared to $214 million, reflecting a year-over-year growth of 34%, while also achieving an impressive gross margin of 85%. Procore has a well-diversified customer base, ensuring that a crisis in a single sector, such as the office sector, won't substantially impact their operations. Procore is thoroughly dedicated to broadening its user base and enhancing platform engagement.

Procore Technologies, Inc. Sustains Momentum, Amplifying Its Construction Network's Reach And Scale

TORONTO--(BUSINESS WIRE)--Procore's construction industry benchmark report examines the adoption of technologies, industry sentiment, challenges and opportunities, and more.

Majority of Canadian Construction Firms Express Confidence about Market Conditions: Procore Survey

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR #PoweredByProcore--Procore Technologies, Inc., a leading global provider of construction management software, released its construction industry benchmark report How We Build Now: Technology and Industry Trends Shaping U.S. and Canadian Construction. Procore partnered with Censuswide to investigate how general contractors, business owners and specialty contractors view the industry today. Gathering insights from more than 1,000 construction professionals, the report examines.

Significant Digital Transformation Underway as Research on U.S. and Canadian Construction Sector Suggests a Data-driven Future

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I upgraded my rating from Hold to Buy given the strong 1Q23 results and an upward revision of FY23 guidance. PCOR's large customer backlog and exposure to thriving construction sub-sectors provide insulation against short-term demand fluctuations and weaker market segments. The company's path towards breakeven profitability and continued growth in the untapped construction industry support my optimistic outlook.

Procore Technologies: Pulled Forward Profitability Timeline

The global construction industry offers a significant opportunity for software companies like Procore to drive digital transformation. PCOR's construction management platform is considered best-in-class and is expected to gain market share.

Procore: Current Levels Provide A Compelling Opportunity

The consensus price target hints at a 33.2% upside potential for Procore Technologies (PCOR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in Procore Technologies (PCOR)? Wall Street Analysts Think 33.21%

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced two leadership appointments, effective May 8. After four years as chief financial officer (CFO) and treasurer at Procore, Paul Lyandres is stepping into the newly-created president of fintech role to lead the Fintech organization at Procore. After two years as Procore's senior vice president (SVP) of finance, Howard Fu is assuming the role.

Procore Announces Two Leadership Appointments

Shares of Procore Technologies Inc (NYSE: PCOR) were seen trading up nearly 10% today after a Goldman Sachs analyst turned bullish on the construction management software company.

Buy Procore shares for a 41% return in 12 months: Goldman Sachs

Procore Technologies, Inc. (NYSE:PCOR ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Matthew Puljiz - VP of Finance and Investor Relations Tooey F. Courtemanche - Founder, President and Chief Executive Officer Paul Lyandres - Chief Financial Officer Howard Fu - Senior Vice President of Finance Conference Call Participants Dylan Becker - William Blair DJ Hynes - Canaccord Saket Kalia - Barclays Brent Bracelin - Piper Sandler Brent Thill - Jefferies Adam Borg - Stifel Ken Wong - Oppenheimer Kash Rangan - Goldman Sachs Matthew Broome - Mizuho Securities Jason Celino - KeyBanc Capital Markets Operator Good afternoon, everyone.

Procore Technologies, Inc. (PCOR) Q1 2023 Earnings Conference Call Transcript

Procore Technologies (PCOR) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to loss of $0.15 per share a year ago.

Procore Technologies (PCOR) Beats Q1 Earnings and Revenue Estimates

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced financial results for the first quarter ended March 31, 2023. “I'm proud of the team's hard work in delivering our first quarter results,” said Tooey Courtemanche, founder, president and CEO of Procore. “Looking ahead, our focus remains on solving the biggest challenges for construction and delivering a platform that helps our customers bu.

Procore Announces First Quarter 2023 Financial Results

Procore's Q4 performance was impressive, characterized by substantial revenue growth and robust gross margins. The platform offers a wide range of features that are specifically designed to assist contractors and owners.

Procore: A Leading Construction Management Company With No Signs Of Slowing Down

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that it will report its first quarter fiscal year 2023 financial results after the U.S. financial markets close on Wednesday, May 3, 2023. In conjunction with this announcement, Procore will host a conference call on Wednesday, May 3, 2023 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance.

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