PROS Holdings, Inc. Reports First Quarter 2023 Financial Results
- Subscription revenue of $56.0 million, up 15% year-over-year.
- Subscription gross margin of 75% and non-GAAP subscription gross margin of 78%, up over 150 basis points year-over-year.
- Driven by PROS outperformance in the first quarter, the company is improving its growth and profitability outlook for the full year of 2023.
HOUSTON – May 2, 2023 — PROS Holdings, Inc. (NYSE: PRO), a leading provider of AI-powered SaaS pricing, CPQ, revenue management, and digital offer marketing solutions, today announced financial results for the first quarter ended March 31, 2023.
“I’m proud of our team for delivering a strong start to 2023 where we drove 15% subscription revenue growth and 75% improvement to adjusted EBITDA year-over-year,” stated CEO Andres Reiner. “We continue to lead the industry in AI that drives measurable ROI for our customers. As a result of our outperformance in the first quarter, we are raising our 2023 full year guidance across all metrics.”