Procore Technologies Sees Q4 Revenue $247M-$249M Vs $248.4M Est.; FY23 Revenue $937M-$939M Vs $924.13M Est.
Portfolio Pulse from Benzinga Newsdesk
Procore Technologies has provided its Q4 and FY23 outlook. The company expects Q4 revenue to be between $247M-$249M, representing a YoY growth of 22%-23%. For FY23, the revenue is expected to be in the range of $937M-$939M, indicating a YoY growth of 30%. Non-GAAP operating margin for Q4 and FY23 is expected to be 2%-3% and 0.5%-1% respectively.
November 01, 2023 | 8:27 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Procore Technologies' Q4 and FY23 revenue outlook exceeds estimates, indicating strong growth. This could positively impact the company's stock in the short term.
Procore's revenue outlook for Q4 and FY23 is higher than estimates, indicating strong performance and growth. This positive outlook could increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100