• Subscription revenue of $48.8 million, up 14% year-over-year.
• Recurring gross margin of 76%, up 500 basis points year-over-year.
HOUSTON – May 3, 2022 — PROS Holdings, Inc. (NYSE: PRO), a market-leading provider of SaaS solutions optimizing shopping and selling experiences, today announced financial results for the first quarter ended March 31, 2022.
“I’m proud of our team for delivering a strong start to 2022, evident by the fact that we more than doubled our deal count year-over-year in the first quarter,” stated CEO Andres Reiner. “Our solutions are mission critical to businesses looking to manage inflation and accelerate revenue growth in today’s economy. The innovations we’ve brought to market, coupled with the investments we’ve made in our people, position us well to capitalize on the large market opportunity in front of us.”