On Thursday, PROS Holdings, Inc., a computer programming services provider with a market capitalization of $807 million, announced the results of its annual meeting of stockholders, which took place on May 8, 2025. The company, listed on the New York Stock Exchange under the ticker (NYSE:PRO) and currently trading at $16.87, detailed several key decisions ratified by its shareholders. According to InvestingPro analysis, the company appears undervalued despite recent market challenges.
During the meeting, shareholders elected Catherine Lesjak and John Strosahl as Class III directors, and Andres Reiner as a Class I director. The Class III directors will serve until the 2028 Annual Meeting and the Class I director until the 2026 Annual Meeting, or until their respective successors are elected and qualified, or earlier in the case of death, resignation, or removal. InvestingPro data shows the company maintains a healthy gross profit margin of 66.54% and achieved revenue growth of 7.97% in the last twelve months.
Additionally, an advisory vote approved the compensation of named executive officers. Shareholders also approved amendments to the company’s Amended and Restated 2017 Equity Incentive Plan, which included an increase in the number of shares authorized for issuance by three million shares. While currently not profitable, InvestingPro analysts expect net income growth and profitability this year. Get access to 12 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
Lastly, the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified.
The total number of shares entitled to vote as of the record date, March 12, 2025, was 47,796,522. Represented at the meeting were 42,806,215 shares, amounting to approximately 89.55% of the voting power.
The company’s report is based on the filing with the Securities and Exchange Commission and reflects the decisions made by the stockholders during the annual meeting.
In other recent news, PROS Holdings Inc . reported its financial results for the first quarter of 2025, exceeding analysts’ expectations with an earnings per share (EPS) of $0.13, compared to the forecasted $0.12. The company also reported revenue of $86.3 million, slightly above the expected $85.7 million. Subscription revenue grew by 10% year-over-year, reaching $70.8 million, while total revenue increased by 7% year-over-year. Despite these positive results, the company announced that CEO Andres Reiner will retire, with Jeff Cotton set to take over. The transition might have contributed to the 2.81% decline in the company’s stock during aftermarket trading. PROS Holdings continues to focus on AI-powered pricing and selling solutions, which have driven significant customer wins across various industries. Looking forward, the company projects Q2 2025 subscription revenue between $72 million and $72.5 million, representing a 10% growth. For the full year, PROS Holdings forecasts total revenue between $360 million and $362 million, with adjusted EBITDA expected to range from $42 million to $44 million.
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