This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

PROS Holdings, Inc. Reports Second Quarter 2013 Financial Results

Stocks in this article: PRO

PROS Holdings, Inc. (NYSE: PRO), a big data software company, today announced financial results for the second quarter ended June 30, 2013.

Total revenue for the second quarter of 2013 was $35.5 million and represented an increase of 26% over the second quarter of 2012.

CEO Andres Reiner stated, “We are pleased with our results this quarter, which exceeded guidance. Our solid performance reflects increasing recognition among executives that big data is an untapped source for sales growth. PROS is in a strong and differentiated position to deliver on the promise of big data, and we will continue to invest in innovation to drive further value for our customers and continued preference for PROS.”

For the quarter ended June 30, 2013, GAAP operating income was $0.8 million, compared with $2.0 million in the second quarter of 2012. GAAP net income for the second quarter was $0.6 million, or $0.02 per share, compared with $1.0 million, or $0.04 per share, in the second quarter of 2012.

For the quarter ended June 30, 2013, non-GAAP operating income was $4.9 million, compared with $4.4 million in the second quarter of 2012. Non-GAAP net income for the second quarter of 2013 was $3.5 million, or $0.12 per share, compared with $2.8 million, or $0.10 per share, in the second quarter of 2012.

2013 Business Highlights

  • Announced PROS Step™, the company's latest big data application innovation designed to help mid-size companies meet sales targets and outperform in their markets. Step provides pricing and selling recommendations, powered by data science, in a cloud-based, self-serve model that's easy to set up and use. Learn more at
  • Experienced record attendance at PROS Outperform big data conference in Brussels where guests heard many examples from customers of the value delivered by PROS solutions, including 3663, Hewlett Packard, Johnson & Johnson Depuy, Novozymes and Volvo Trucks.
  • Won the 2013 Microsoft Application Development Partner of the Year Award recognizing PROS exceptional innovation for big data solutions delivered on the Microsoft platform.

Executive Vice President and Chief Financial Officer Charles Murphy stated, “We are pleased with our second quarter performance with revenue increasing 26% period over period. Our strong revenue performance through the first half of the year, especially given the challenging macroeconomic environment, reflects that our investments are showing returns and our growth strategies are working, enabling us to capture the opportunity for our real-time Big Data solutions. We continue to believe full year revenue growth will be approximately 23%.”

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs