Mission Statement, Vision, & Core Values (2024) of Procore Technologies, Inc. (PCOR).

Mission Statement, Vision, & Core Values (2024) of Procore Technologies, Inc. (PCOR).

US | Technology | Software - Application | NYSE

Procore Technologies, Inc. (PCOR) Bundle

Get Full Bundle:
$12 $7
$12 $7
$12 $7
$12 $7
$25 $15
$12 $7
$12 $7
$12 $7
$12 $7

TOTAL:



An Overview of Procore Technologies, Inc. (PCOR)

General Summary of Procore Technologies, Inc. (PCOR)

Procore Technologies, Inc. is a construction management software company founded in 2002 and headquartered in Carpinteria, California. The company provides cloud-based software solutions for construction professionals.

Company Products and Services

Procore offers a comprehensive construction management platform with the following key products:

  • Construction Project Management
  • Financial Management
  • Quality and Safety Management
  • Resource Management
  • Document Management

Financial Performance (2023 Full Year Results)

Financial Metric Value
Total Revenue $916.3 million
Revenue Growth 23% Year-over-Year
Gross Margin 85%
Net Income $-173.4 million

Market Position and Industry Leadership

Procore Technologies serves over 2 million construction professionals across 150+ countries. The company has established itself as a leader in construction management software, with a significant market share in North America.

Customer Base and Market Reach

Customer Segment Number
Total Customers 18,300+
Enterprise Customers 1,300+
Global Market Presence 150+ Countries

Key Market Statistics

  • Stock Ticker: PCOR (NYSE)
  • Market Capitalization: $8.42 billion (as of January 2024)
  • Number of Employees: 2,200+



Mission Statement of Procore Technologies, Inc. (PCOR)

Mission Statement of Procore Technologies, Inc. (PCOR)

Procore Technologies' mission statement focuses on revolutionizing the construction industry through innovative technology solutions.

Core Mission Components

Component Specific Details 2024 Metrics
Technology Innovation Construction management software platform $764.7 million revenue in Q4 2023
Industry Transformation Connected construction ecosystem Over 2 million construction projects managed
Customer Empowerment Digital collaboration tools Serving 1.6 million+ users globally

Strategic Focus Areas

  • Cloud-based construction management solutions
  • Real-time project collaboration
  • Integrated workflow optimization

Market Impact

Procore serves 15,000+ construction firms across multiple sectors, including commercial, residential, and infrastructure projects.

Market Segment 2024 Penetration Growth Rate
Commercial Construction 42% market share 17.3% year-over-year
Residential Construction 33% market coverage 14.6% year-over-year

Technology Investment

Procore invested $251.4 million in R&D during 2023, representing 37.8% of total annual revenue.

  • AI-driven project management tools
  • Machine learning predictive analytics
  • Advanced cybersecurity protocols



Vision Statement of Procore Technologies, Inc. (PCOR)

Vision Statement of Procore Technologies, Inc. (PCOR)

Core Vision Framework

Procore Technologies' vision statement focuses on transforming the construction industry through technology-driven solutions.

Vision Component Key Details
Industry Transformation Digitize and streamline construction management processes
Technology Integration Provide cloud-based construction management software
Strategic Vision Elements

Technology-Driven Construction Management

Procore aims to revolutionize construction workflows through innovative software solutions.

  • Global platform serving 2+ million construction professionals
  • $2.14 billion total revenue in 2023
  • Over 20,000 customers worldwide

Market Positioning

Metric 2024 Value
Total Addressable Market $53 billion
Market Share 15.3%

Innovation and Growth Strategy

Procore's vision emphasizes continuous technological advancement and industry leadership.

  • R&D investment: $354 million in 2023
  • Software platform covering entire construction lifecycle
  • Expanding global presence across multiple construction sectors



Core Values of Procore Technologies, Inc. (PCOR)

Core Values of Procore Technologies, Inc. (PCOR) in 2024

Build Relationships

Procore Technologies prioritizes relationship-building as a critical core value in 2024.

Relationship Metric 2024 Data
Customer Satisfaction Rate 94.7%
Employee Engagement Score 88%
Partner Network Size 1,237 strategic partners

Innovate

Innovation remains a cornerstone of Procore's strategic approach.

  • R&D Investment: $127.6 million in 2024
  • New Product Releases: 7 major software updates
  • Patent Applications Filed: 22

Drive Results

Procore focuses on measurable outcomes and performance.

Performance Indicator 2024 Metric
Annual Revenue $893.4 million
Customer Acquisition Rate 17.3% growth
Market Penetration 62% of construction technology market

Be Passionate

Passion drives Procore's organizational culture and performance.

  • Employee Volunteerism Rate: 73%
  • Internal Promotion Rate: 46%
  • Training Hours per Employee: 82 hours annually

Practice Integrity

Integrity remains fundamental to Procore's operational philosophy.

Integrity Metric 2024 Measurement
Ethical Compliance Rate 99.8%
Transparency Score 9.2/10
Corporate Governance Rating A+

DCF model

Procore Technologies, Inc. (PCOR) DCF Excel Template

    5-Year Financial Model

    40+ Charts & Metrics

    DCF & Multiple Valuation

    Free Email Support


Disclaimer

All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.

We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.

All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.