Procore Tech Q3: Strong Revenue, Mixed Customer Growth

Procore Technologies, a construction software provider, exceeded Wall Street expectations with Q3 earnings of $338.9 million, a 14.5% year-over-year increase. Non-GAAP profit of $0.42 per share was nearly 30% higher than estimates. However, customer growth slowed with only 122 new customers, totaling 17,623, raising concerns about expanding their base. Despite positive financials, the stock reacted positively, trading up 4.7% to $74.88.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.