Pros Holdings (PRO) Tops Q1 EPS by 1c, Beats on Revenues; Offers FY18 Revenue Outlook

Pros Holdings (NYSE: PRO) reported Q1 EPS of ($0.19), $0.01 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $47.9 million versus the consensus estimate of $46.06 million.

• Subscription revenue up 72% year-over-year.
• Total revenue up 19% year-over-year.
• Free cash flow improvement of $6.4 million year-over-year.

CEO Andres Reiner stated, “We started the year with strong momentum in 2018, and I’m really excited by the opportunity in front of us. Companies are realizing they need to offer their customers a fast, frictionless and digital buying experience to win, and they are turning to our real-time platform and AI capabilities to power their shift to the digital era. The momentum that we’re seeing in our market contributed to our strong first quarter and gives us confidence to improve our revenue outlook for the year.”

GUIDANCE:

Pros Holdings sees FY2018 revenue of $188-191 million, versus the consensus of $189 million.

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

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