PROS Holdings, Inc. Reports Third Quarter 2020 Financial Results
– Subscription revenue of $127.6 million for the first nine months of 2020, up 22% year-over-year.
– Q3 recurring revenue as a percentage of total revenue of 86%, up more than 300 basis points year-over-year.
HOUSTON – October 29, 2020 — PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced financial results for the third quarter ended September 30, 2020.
“I’m proud of how our team is executing and rallying to help our customers win in their markets during these difficult times,” stated CEO Andres Reiner. “Buyers are continuing to shift to digital, self-serve channels, and our latest innovations and AI solutions are enabling companies to deliver an optimized, omnichannel experience wherever their customers want to buy. Our digital selling technology is more important than ever, and we’re focused on delivering on our mission of helping people and companies outperform.”