Pros Holdings (PRO) Misses Q2 EPS by 36c

Pros Holdings (NYSE: PRO) reported Q2 EPS of ($0.68), $0.36 worse than the analyst estimate of ($0.32). Revenue for the quarter came in at $37 million versus the consensus estimate of $35.7 million.

CEO Andres Reiner stated, “We are pleased with our strong performance in the first two quarters of 2016, with ACV bookings up 40% midway through the year. We are thrilled to help more customers outperform as we continue to drive our transformation to the cloud and deliver market-leading innovation. Based on our increasing momentum, we expect to start delivering quarterly sequential revenue growth, beginning in the fourth quarter. Reaching this important milestone in our cloud transformation is a testament to our PROS team worldwide and customer enthusiasm for our cloud solutions.”

GUIDANCE:

Pros Holdings sees Q3 2016 EPS of ($0.36)-($0.34), versus the consensus of ($0.30). Pros Holdings sees Q3 2016 revenue of $35-36 million, versus the consensus of $38.4 million.

Pros Holdings sees FY2016 revenue of $150-153 million, versus the consensus of $151.4 million.

For earnings history and earnings-related data on Pros Holdings (PRO) click here.

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