Press Release
PROS Holdings, Inc. Reports Third Quarter 2023 Financial Results
- PROS raises its revenue and profitability outlook for the full year 2023 after exceeding the Company’s Q3 guidance ranges across all metrics.
- Subscription revenue of $60.0 million, up 16% year-over-year.
- Total revenue of $77.3 million, up 10% year-over-year.
- Subscription gross margin of 76% and non-GAAP subscription gross margin of 78%, up 135 basis points year-over-year.
HOUSTON – October 31, 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 third quarter ended September 30, 2023.
“We delivered a strong third quarter, exceeding our guidance ranges across all metrics, delivering 16% subscription revenue growth and more than $17 million of improvement to free cash flow year-over-year,” stated CEO Andres Reiner. “We are delivering on our growth objectives while driving incredible improvements to our operational efficiency, a testament to our team’s relentless focus on achieving our goal of being a rule of 40 company by 2026.”