Press Release
PROS Holdings, Inc. Reports Third Quarter 2024 Financial Results
- Subscription revenue of $67.1 million, up 12% year-over-year.
- Subscription gross margin of 78% and non-GAAP subscription gross margin of 80%, an improvement of more than 190 basis points year-over-year.
- Continued improvement in areas of profitability, including a 185% improvement in operating cash flow year-to-date.
HOUSTON–(BUSINESS WIRE)– 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, 2024.
“I’m proud of our team for delivering a strong third quarter where we exceeded the high-end of our guidance ranges across all metrics,” stated CEO Andres Reiner. “Our strong performance reflects the trust and confidence businesses have in our platform, which is why we’re winning prominent new customers and expanding our existing base, further demonstrating the value and innovation we bring to the market.”