- Subscription revenue of $30.4 million, up 45% year-over-year.
- Subscription gross margins of 68% and non-GAAP subscription margin of 71% in the first quarter, up more than 750 basis points year-over-year.
HOUSTON, April 25, 2019 - PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced financial results for the first quarter ended March 31, 2019.
“I’m incredibly pleased with our strong start to 2019,” stated CEO Andres Reiner. “We are seeing a tailwind in our market as companies are creating strategic initiatives around AI and digital transformation. Our sales funnel is growing as companies are seeking out our AI solutions to transform how they sell in the digital economy, and our strong market momentum contributed to more than a 40% increase in year-over-year deal volume. The strength of our people and product strategy has positioned us exceptionally well to take advantage of the attractive market opportunity in front us.”