Pros Holdings (PRO) Tops Q4 EPS by 7c, Revenues Beat; Offers Q1 & FY19 Revenue Guidance Above Consensus
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PROS Holdings, Inc. Reports Fourth Quarter and Full Year 2018 Financial Results
February 7, 2019 4:15 PM ESTSubscription revenue of $95.2 million, up 57% for the full year 2018. Subscription gross margins of 68% and non-GAAP subscription margin of 71% in the fourth quarter, up more than 850 basis points year-over-year. Cash flow provided by operating activities of $15.2 million and free cash flow of $14.1 million in the fourth quarter, contributing to a full year 2018 free cash flow improvement of $29.0 million year-over-year.
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