– Subscription revenue of $42.4 million, up 21% year-over-year.
– Recurring revenue as a percentage of total revenue of 85%, up more than 600 basis points year-over-year.
HOUSTON – July 30, 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 second quarter ended June 30, 2020.
“Today’s environment has only accentuated the need for businesses to deliver every aspect of commerce digitally,” started CEO Andres Reiner. “We welcomed new customers this quarter and are excited to accelerate their digital selling journeys with our industry leading, AI solutions. We see an attractive, long-term market opportunity in front of us and are confident in our ability to execute upon our strategy to capture it.”