Procore Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022
November 02, 2022 at 04:05 pm EDT
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Procore Technologies, Inc. provided earnings guidance for the fourth quarter and full year of 2022. For the quarter, the company expects revenue is expected to be in the range of $189 million to $191 million, representing year-over-year growth of 29% to 31%.
For the year, the company expects revenue is expected to be in the range of $707 million to $709 million, representing year-over-year growth of 37% to 38%.
Procore Technologies, Inc. is a global provider of cloud-based construction management software. The Company is focused on connecting and empowering the construction industryâs stakeholders, such as owners, general contractors, specialty contractors, architects, and engineers, to collaborate and access its capabilities from any location on any Internet-connected device. Its five integrated product categories, such as Preconstruction, Project Execution, Workforce Management, Financial Management, and Construction Intelligence automate workflows, provide real-time visibility, offer advanced analytics, and support collaboration across key stages of the construction project lifecycle. Each of its products can be accessed from the office or the jobsite on computers, smartphones, and tablets, enabling users to work wherever the job requires. Its open application programming interfaces and its application marketplace allow customers to integrate its products with their internal systems.
PROCORE TECHNOLOGIES, INC. 
