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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CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, together with The Associated General Contractors of California (AGC), today announced Project Engage: 2022 Leadership Development Program. The program includes interactive cohorts, hands-on learning experiences, and 1:1 executive coaching, with the objectives of increasing leadership capacity, elevating team engagement, and celebrating business success. This yea

Procore and The Associated General Contractors of California Launch One-of-a-Kind Culture and Leadership Development Program

TORONTO--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced that customer Cape Group is expanding its years-long relationship with Procore. Cape Group is standardizing its processes nationwide with Procore's Quality and Safety tool, Action Plans, which enables the company to digitize its inspection and test plans (ITP) and improve quality assurance. Vancouver-based Cape Group is a family-run real estate and developme

The Cape Group Improves Quality Assurance with Procore

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TORONTO--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today released Canadian-focused findings from a report developed in partnership with Dodge Data & Analytics, a leading provider of commercial construction project data. The report found both owners and contractors in Canada face a variety of challenges when it comes to project cost management, but they believe using one streamlined tool will help facilitate construction

New Survey Reveals Challenges and Opportunities for Construction Project Cost Management in Canada

With the construction industry severely under-digitized, Procore has a greenfield opportunity ahead of it.

Procore Just Delivered Another Quarter of Growth: Here's What Shareholders Need to Know

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced that the United States Minority Contractors Association (USMCA) has named Procore their 2021 Philanthropist of the Year. Procore.org, the social impact arm of Procore, began a partnership with USMCA in 2020 to provide members with free Procore product training, educational resources, and a discounted buying program for the Procore platform. “We'r

Procore Named Philanthropist of the Year by the United States Minority Contractors Association

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced that LandSouth Construction, a best-in-class builder of innovative multifamily and senior living facilities in the United States, has chosen Procore as its only construction management platform. Procore's single platform is replacing more than five current software packages, streamlining LandSouth customers' access to information and improving co

LandSouth Standardizes on Procore for Construction Management

Procore Technologies, Inc. (PCOR) CEO Tooey Courtemanche on Q3 2021 Results - Earnings Call Transcript

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Announces Third Quarter 2021 Financial Results; Revenue Accelerates to 30% Year-Over-Year Growth

Procore Announces Third Quarter 2021 Financial Results

SYDNEY--(BUSINESS WIRE)--Australia's property industry remains “remarkably resilient” with leaders focused on the challenges of growth, according to a new survey from Procore Technologies, Inc. and the Property Council of Australia. The Data Differentiator: Australian property leaders reveal how using data today can mitigate tomorrow's risk, a new report based on a July 2021 survey of 166 senior industry leaders in Australia, finds the pandemic has not significantly influenced the viability of

New Research From Procore and Property Council of Australia Examines COVID-19 Impact, Reveals Digital Investment Needed to Drive Growth

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Completes Acquisition of Levelset to Simplify Lien Management Workflows for Construction

Procore Completes Acquisition of Levelset to Simplify Lien Management Workflows for Construction

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CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Acquires LaborChart to Improve Construction Workforce Management

Procore Acquires LaborChart to Improve Construction Workforce Management

New integration expands partnership and brings together industry-leading cloud solutions for construction accounting and construction project management New integration expands partnership and brings together industry-leading cloud solutions for construction accounting and construction project management

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CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced that it will report its third quarter fiscal year 2021 financial results after the U.S. financial markets close on Thursday, November 4, 2021. In conjunction with this announcement, Procore will host a conference call on Thursday, November 4, 2021 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To access t

Procore Announces Timing of Third Quarter Fiscal Year 2021 Earnings Call

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced the winners of the 2021 Groundbreaker Awards. The Groundbreaker Awards celebrate the individuals, projects, and companies that impact and drive progress in the construction industry. “Behind every successful project, there are great people. The Groundbreaker Awards celebrate how our customers embody the highest standards of our industry on a dail

Procore Announces Winners of 2021 Groundbreaker Awards

Procore Technologies has seen stable results since the offering. This growth and growth potential are now accelerated with a bolt-on acquisition.

Procore Technologies: Building The Core

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, has announced a partnership with the National Association of Minority Contractors (NAMC), the oldest minority construction trade association in the United States. Procore's social impact arm, Procore.org, will provide free Procore product training to NAMC National Members, NAMC Regional Chapter Members, and NAMC historically Black colleges and universities partn

Procore and The National Association of Minority Contractors Partner to Provide Product Training to Members

Procore is spending 40% of its cash balance to acquire Levelset. Will it be worth it?

Here's Why Construction Platform Procore Just Made A $500 Million Acquisition

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced that TrustRadius has recognized Procore with a 2021 Tech Cares Award. This award celebrates companies that have gone above and beyond to provide strong Corporate Social Responsibility (CSR) worldwide. “We're excited to announce our second annual Tech Cares Award winners,” said TrustRadius CEO Vinay Bhagat. “The past two years have tested the tech

Procore Earns a 2021 Tech Cares Award From TrustRadius

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced platform enhancements that will deliver added flexibility and deeper insights for project teams. These innovations bring cross-platform insights with a new reports builder, and a new global workflow engine, which will improve the efficiency of estimating and bidding processes. “For almost 20 years, Procore has been working to connect everyone in

Procore Announces Preconstruction and Platform Innovations

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today released a report in partnership with Dodge Data & Analytics, a leading provider of commercial construction project data. The report found that both owners and contractors face a variety of challenges when it comes to project cost management, but they believe using one streamlined tool will help facilitate construction projects and cost management more

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