PROS Holdings, Inc. Reports Fourth Quarter and Full Year 2019 Financial Results
- Total revenue of $250.3 million, up 27% for the full year 2019.
- Subscription revenue of $141.2 million, up 48% year-over-year.
- Subscription gross margins of 70% and non-GAAP subscription margin of 73%, up 6 percentage points year-over-year.
HOUSTON – February 6, 2020 — PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced financial results for the fourth quarter and full year ended December 31, 2019.
“We are excited by the continued strong momentum in our business as we have achieved a 48% subscription revenue CAGR over the past four years,” stated CEO Andres Reiner. “We enter this decade excited about our market opportunity and committed to our mission of helping people and companies outperform as we power sales in the digital era.”
CFO Stefan Schulz said, “In 2019 we accelerated our total revenue growth rate to 27% while improving our non-GAAP recurring gross margins to 76%. Our AI innovations are more efficiently helping customers drive their digital selling transformations. We have strong momentum coming into 2020 and remain on track to achieve our long-term growth objective.”