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), a leading global provider of construction management software, today announced that it has been recognized by TrustRadius as a Top Rated Construction Product. Since 2016, the TrustRadius Top Rated Awards have become the B2B's industry standard for unbiased recognition of technology products. “We've spent the last 20 years building a platform that helps our customers manage risk and grow their businesses,” said Tooey C

Procore Earns a 2022 Top Rated Construction Product Award From TrustRadius

Procore Technologies Inc. (NYSE:PCOR ) Q1 2022 Earnings Conference Call May 4, 2022 5:00 PM ET Company Participants Matthew Puljiz - VP of IR Craig Courtemanche - Founder, Chairman, CEO & President Paul Lyandres - CFO & Treasurer Conference Call Participants Dylan Becker - William Blair Saket Kalia - Barclays Adam Borg - Stifel Kash Rangan - Goldman Sachs Brent Thill - Jefferies Matthew Broome - Mizuho Securities Jason Celino - KeyBanc Mauro Molina - Piper Sandler Operator Good afternoon. Thank you for attending today's Procore Technologies FY '22 Q1 Earnings Call.

Procore Technologies Inc. (PCOR) CEO Craig Courtemanche on Q1 2022 Results - Earnings Call Transcript

SYDNEY--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the opening of its new Asia-Pacific headquarters in Sydney. The continued investment in the region follows significant local demand, with business nearly doubling across Asia Pacific from 2020 to 2021. Five years since opening its first office in Australia, the investment in a new, larger space demonstrates Procore's ongoing commitment to Sydney as its

Procore Opens New Asia-Pacific Headquarters in Historic Sydney Building Following Sustained Local Growth

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, 2022. “Our excellent first quarter performance reflects the strong project backlogs our customers are seeing and our impressive execution,” said Tooey Courtemanche, Founder, President and CEO of Procore. “I'm proud of the value we are delivering to all stakeholders as we continue work

Procore Announces First Quarter 2022 Financial Results

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced Joy Durling as its first-ever chief data officer. Joy will lead Procore's data-as-a-product strategy, as well as all information technology, data intelligence, and product and information security. She will join Procore's executive leadership team and report to founder, President and CEO, Tooey Courtemanche. Most recently, Joy served as ex

Procore Appoints Joy Durling as Chief Data Officer

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 2022 financial results after the U.S. financial markets close on Wednesday, May 4, 2022. In conjunction with this announcement, Procore will host a conference call on Wednesday, May 4, 2022 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To access th

Procore Announces Timing of First Quarter Fiscal Year 2022 Earnings Call

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced a new integration with Building Transparency, a nonprofit organization with the mission to enable broad and swift action to address the construction industry's role in climate change. The integration enables Procore users to leverage the Embodied Carbon in Construction Calculator (EC3) in an effort to drive sustainability across the global

Procore Announces Integration of Embodied Carbon in Construction Calculator to Drive Sustainability Across the Construction Industry Globally

LONDON--(BUSINESS WIRE)--Procore Technologies, Inc., a leading global provider of construction management software, today announced that Kier Group Plc, the major UK construction and infrastructure services company, has selected its enterprise-ready platform solution to enhance and standardise operations across its construction business and projects. This agreement will support Kier's ambitions to be a digital-first business. As a leading regional builder in the UK, Kier Construction delivers s

Kier Invests in Procore to Support Its Digital-first Ambitions

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today released the results of its 2022 Customer Return On Invest (ROI) report. The report explores how the Procore platform is helping customers tackle the most daunting challenges in the industry, including sustainability, safety and the labor shortage by analyzing responses from 2,600+ customers across North and South America, Asia and Europe. Key takea

Procore's Annual ROI Report Reveals Significant Customer Benefits Surrounding Sustainability, Safety, and the Labor Shortage in Construction

Founded in 2002, Procore Technologies Incorporated is a leading provider of construction management software for medium- and large-scale construction companies.

Procore Technologies: Historical Sustainable Growth To Continue

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PARIS--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announces its launch in France as part of continued global expansion and growth. The launch will advance the opportunity for Procore's unified, connected platform to enable owners, general contractors and specialty contractors to build smarter by accelerating collaboration, streamlining communication and providing real-time visibility into their project performan

Procore Expands Into France to Continue Regional Growth Across Europe

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Procore might not be a software giant today, but it has plenty of green grass ahead of it.

This Software Company Is Taking Construction Into the Digital Age

TORONTO--(BUSINESS WIRE)--Procore Technologies Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that Dexel has selected Procore as its construction management platform. Dexel, a division of Lawen Group, is a design-build multi-family residential developer that operates exclusively in Halifax. The vision of the family-owned firm is to help shape the future of the Halifax Regional Municipality for generations. Dexel was an early adopter of Building

Multi-residential Developer Dexel Adopts Procore to Replace Point Solutions With a Single Platform

Procore Technologies, Inc. (PCOR) CEO Tooey Courtemanche on Q4 2021 Results - Earnings Call Transcript

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced financial results for the fourth quarter and full year ended December 31, 2021. “Our deep commitment to the construction industry continues to drive efficiency, sustainability and growth for our clients,“ said Tooey Courtemanche, Founder, President and CEO of Procore. “Our excellent fourth quarter results reflect the strength of our techno

Procore Announces Fourth Quarter and Full Year 2021 Financial Results

Procore Technologies (PCOR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Procore Technologies (PCOR) This Earnings Season?

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Piper Sandler analyst reveals his top two cloud stocks

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that it has been named to the G2 2022 Best Software Awards. Ranking #49 on the Best Software Products list, Procore is the only dedicated construction technology software included. Additionally, Procore ranked #53 on the Global Sellers list. G2's annual Best Software Awards ranks the world's best software companies and products based on au

Procore Earns Spot on G2's 2022 Best Software Awards for Best Software Products

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that it will report its fourth quarter fiscal year 2021 financial results after the U.S. financial markets close on Tuesday, February 22, 2022. In conjunction with this announcement, Procore will host a conference call on Tuesday, February 22, 2022 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To

Procore Announces Timing of Fourth Quarter Fiscal Year 2021 Earnings Call

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that it has been ranked as the number 1 construction project management software by the 2021 JBKnowledge Construction Technology Report. Since 2012, JBKnowledge has surveyed thousands of construction professionals annually to provide a better understanding of the latest industry tech trends and insights. For the fifth consecutive year, Pro

Industry Continues to Rank Procore Project Management Software #1 in 2021 JBKnowledge Construction Technology Report

Procore is a secular winner in a massive sector. Now is an opportune time to buy as the company's end markets will strongly benefit from the reopening.

Procore's Estimates Are Low And Valuation Undemanding Given Prospects

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CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced the appointment of Erin Chapple to its Board of Directors. Chapple serves at Microsoft (NASDAQ: MSFT) as the Corporate Vice President of Azure Core, a public cloud computing platform. She has held this position since March 2021 and has been with Microsoft for more than two decades. In her current role, Chapple delivers globally available compute,

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