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Jun 30, 2021
Procore Q2 2021 Earnings Report
Procore's Q2 2021 financial results were strong, with revenue accelerating to 27% year-over-year growth.
Key Takeaways
Procore Technologies reported strong second-quarter results, with revenue increasing by 27% year-over-year to $122.8 million. The company added 481 net new customers, bringing the total customer count to 11,149. Procore also completed its initial public offering and acquired INDUS.AI.
Revenue was $122.8 million, an increase of 27% year-over-year.
Added 481 net new customers in the second quarter, ending with a total of 11,149 customers.
GAAP gross margin was 79% and non-GAAP gross margin was 84%.
Successfully completed initial public offering on May 24, 2021, raising $665.1 million net of underwriting discounts and commissions.
Procore
Procore
Forward Guidance
Procore is providing the following guidance for the third quarter and full year 2021: