PROS Holdings, Inc. provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally.

• Appointment- Jennifer Biry has been appointed to the Board of Directors of a prominent provider of AI-powered SaaS pricing, CPQ, revenue management, and digital offer marketing solutions. She took office on August 26, 2024. Biry joins the board as an independent director. 

• Biry, a seasoned leader with over 25 years of accounting, finance, and operational experience, is the Chief Financial and Operating Officer at McAfee, a global leader in consumer internet security. Biry joined McAfee in 2022 and is in charge of worldwide finance, strategy, M&A, IT, security, sales, customer support, and procurement operations, which account for more than $2 billion in yearly revenue. 

• The company reported Subscription revenue of $65.6 million, up 14% year on year.

• The company reported a subscription gross margin of 78% and a non-GAAP subscription gross margin of 80%, representing an increase of more than 160 basis points year on year.

• The company claimed that its operating cash flow increased by $13.0 million, or approximately 200%, year on year.

• Adjusted EBITDA is defined as GAAP net income (loss) before interest expense, provision for income taxes, depreciation, and amortization, as adjusted to remove the effects of stock-based compensation costs, severance, amortization of acquisition-related intangibles.

Acrobull UK Recommendation Based on Evaluation