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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 http://step.pros.com/
  • 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%.”

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