PROS Holdings, Inc. (PRO) Bundle
An Overview of PROS Holdings, Inc. (PRO)
General Summary of PROS Holdings, Inc. (PRO)
PROS Holdings, Inc. is a software company headquartered in Houston, Texas, specializing in AI-powered pricing and revenue optimization solutions. Founded in 1985, the company provides cloud-based software for pricing, quoting, and selling across various industries.
Company Products and Services
- PROS Precision Pricing
- PROS Configure Price Quote (CPQ)
- PROS Revenue Management
- PROS Real-Time Guidance Platform
Financial Performance (Q4 2023)
| Financial Metric | Amount |
|---|---|
| Total Revenue | $77.4 million |
| Annual Recurring Revenue | $308.6 million |
| Cloud Revenue | $63.4 million |
| Net Income | $-14.1 million |
Industry Leadership
PROS Holdings ranks among the top providers of AI-powered pricing and revenue optimization solutions, serving over 1,200 customers across multiple global industries including airlines, manufacturing, distribution, and travel.
Market Presence
- Publicly traded on NYSE: PRO
- Serves customers in 35+ countries
- Recognized by Gartner as a leader in Configure Price Quote software
Key Performance Indicators
| Metric | 2023 Value |
|---|---|
| Total Employees | 1,376 |
| Customer Retention Rate | 95% |
| Cloud Revenue Growth | 17% Year-over-Year |
Mission Statement of PROS Holdings, Inc. (PRO)
Mission Statement Overview
PROS Holdings, Inc. (PRO) mission statement focuses on leveraging artificial intelligence and machine learning to help businesses optimize pricing and selling strategies.
Core Mission Components
| Component | Specific Focus | Quantitative Impact |
|---|---|---|
| AI-Powered Solutions | Enterprise pricing optimization | $267.4 million revenue in 2023 |
| Digital Transformation | Cloud-based commercial solutions | 82% of revenue from cloud services |
| Customer Performance | Margin and revenue enhancement | Average 15% revenue lift for clients |
Strategic Objectives
- Deliver AI-driven commercial solutions
- Enable data-driven pricing strategies
- Support digital commerce transformation
Performance Metrics
Key performance indicators for PROS mission execution:
- Annual Recurring Revenue (ARR): $308.1 million
- Cloud Revenue Growth: 21% year-over-year
- Total Customer Base: Over 1,200 enterprises
Technology Investment
| Investment Area | 2023 Allocation |
|---|---|
| R&D Expenditure | $98.7 million |
| AI/ML Development | 42% of R&D budget |
Vision Statement of PROS Holdings, Inc. (PRO)
Vision Statement of PROS Holdings, Inc. (PRO)
Strategic Technology LeadershipPROS Holdings, Inc. aims to be the global leader in AI-powered revenue optimization solutions. As of Q4 2023, the company reported $267.9 million in annual recurring revenue, demonstrating its commitment to technological innovation.
| Revenue Metric | 2023 Value |
|---|---|
| Annual Recurring Revenue | $267.9 million |
| Cloud Revenue | $251.5 million |
PROS focuses on delivering AI-driven solutions across multiple industries, targeting key sectors:
- Travel and Transportation
- Manufacturing
- Distribution
- Services
The company's vision emphasizes continuous technological advancement in AI and machine learning platforms. In 2023, PROS invested 22.4% of total revenue ($62.3 million) into research and development.
| R&D Investment Metric | 2023 Value |
|---|---|
| R&D Expenditure | $62.3 million |
| Percentage of Revenue | 22.4% |
PROS aims to expand its global footprint, with current operations spanning North America, Europe, and Asia-Pacific regions. As of 2023, the company serves over 1,200 enterprise customers worldwide.
- Enterprise Customers: 1,200+
- Global Regions: North America, Europe, Asia-Pacific
Core Values of PROS Holdings, Inc. (PRO)
Core Values of PROS Holdings, Inc. (PRO) in 2024
Customer SuccessPROS Holdings, Inc. prioritizes customer success through advanced AI-powered solutions.
| Metric | Value |
|---|---|
| Customer Retention Rate | 92.3% |
| Average Customer Satisfaction Score | 4.7/5 |
The company maintains a strong commitment to technological advancement.
- R&D Investment: $54.2 million in 2023
- AI/Machine Learning Patents: 37 active patents
- Annual Technology Innovation Budget: $68.5 million
PROS focuses on delivering high-performance solutions with precision.
| Performance Metric | 2024 Target |
|---|---|
| Operational Efficiency | 94.6% |
| System Uptime | 99.99% |
Commitment to creating an inclusive workplace environment.
- Workforce Diversity: 45% women in leadership roles
- Minority Representation: 38% of total workforce
- Diversity Program Investment: $3.2 million annually
Maintaining highest standards of corporate governance.
| Compliance Metric | Status |
|---|---|
| Ethical Conduct Violations | 0 reported incidents |
| Corporate Governance Rating | AAA |
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