Procore Just Delivered Another Quarter of Growth: Here's What Shareholders Need to Know [The Motley Fool]
Procore Technologies, Inc. (PCOR)
Company Research
Source: The Motley Fool
Procore Technologies(NYSE:PCORFollowing an IPO, companies can experience a lot of volatility due to either quick or disappointing growth. Earnings season tends to bring further fluctuations in a company's stock price. Procore's stock has only grown nearly 5% year to date, but here's why this quarter should have investors excited about what's ahead.Image source: Getty Images.By the numbersBefore getting into some of the new initiatives at Procore, it's worth taking a look at the company's recent financial results. During the third quarter, it generated $32 million in revenue, a 30% increase from the same period a year prior and $5 million above the high end of its own guidance. Procore also added 456 net new customers during the quarter for a total customer count of ,605.Since it charges its customers based on their annual construction volume (ACV), and not on a per-seat basis like many software companies, investors also have to keep an eye on the construction industry at large. In the
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PCOR
News
- Skyhigh Security Announces New AI Innovations at RSA Conference 2024 [Yahoo! Finance]Yahoo! Finance
- KPA Flex Software Enhances Construction Safety and Compliance with Advanced Features [Yahoo! Finance]Yahoo! Finance
- Down -12.51% in 4 Weeks, Here's Why You Should You Buy the Dip in Procore Technologies (PCOR) [Yahoo! Finance]Yahoo! Finance
- What To Expect From Toast's (TOST) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Olo (OLO) To Report Earnings Tomorrow: Here Is What To Expect [Yahoo! Finance]Yahoo! Finance
PCOR
Earnings
- 5/1/24 - Beat
PCOR
Sec Filings
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- 5/3/24 - Form 4
- PCOR's page on the SEC website