earnings
confidence high
sentiment positive
materiality 0.70
Procore Q2 revenue $284M (+24% YoY); non-GAAP op margin 17.6%, a record
PROCORE TECHNOLOGIES, INC.
2024-Q2 EPS reported
-$0.12
revenue$553,775,000
- Revenue of $284M, up 24% year-over-year.
- GAAP gross margin 83%; non-GAAP gross margin 87%.
- GAAP operating margin (5%); non-GAAP operating margin 17.6%, a record high.
- Operating cash inflow $59M; free cash inflow $47M.
- CEO cites early stages of digitizing construction; CFO highlights improved operating leverage.