Procore Q1 revenue $214M (+34% YoY); CFO transition to Howard Fu

PROCORE TECHNOLOGIES, INC.

2023-Q1 EPS reported -$0.45 revenue$213,526,000

Revenue $214M, up 34% YoY; GAAP gross margin 81%, non-GAAP 85%.
GAAP operating margin (32%), non-GAAP operating margin (2%); operating cash inflow $29M, free cash inflow $19M.
CFO Paul Lyandres becomes President of Fintech; Howard Fu assumes CFO role effective next week.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PROCORE TECHNOLOGIES, INC. reported the first quarter ended March 31, 2023 results: revenue $214 million.

Period: the first quarter ended March 31, 2023
Revenue: $214 million
Result: reported results

Exact text from the filing

Revenue was $214 million, an increase of 34% year-over-year.

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Source: SEC EDGAR

accession 0001628280-23-015204

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