HOUSTON - PROS Holdings, Inc. (NYSE: PRO), a $1 billion market cap company specializing in AI-powered SaaS solutions for pricing and selling, announced the appointment of Katie May to its Board of Directors as an independent director, effective immediately. According to InvestingPro data, the company has shown resilient revenue growth of 8.78% over the last twelve months despite challenging market conditions. May’s appointment adds significant eCommerce, digital transformation, and SaaS expertise to the board, drawing from her more than two decades of leadership experience.
May has a track record of scaling high-growth companies and has led multiple firms through successful exits, including an IPO and strategic acquisitions. Her experience spans across various sectors including SaaS, software, marketplaces, SMB, eCommerce, shipping, and digital transformation. She has also held leadership roles on nine boards, such as Pitney Bowes, Rokt Inc, and Stamps.com. Her appointment comes at a crucial time, as analysts maintain a strong buy consensus on PROS with a potential upside of 48% from current levels, based on InvestingPro analysis.
Bill Russell, PROS Non-Executive Chairman of the Board, expressed confidence in May’s ability to contribute valuable insights to the company. Andres Reiner, President and CEO of PROS, echoed this sentiment, highlighting her invaluable addition to the board as the company seeks to enhance its market position.
May herself expressed enthusiasm for joining the board, emphasizing the potential for disruption at the intersection of AI, pricing, and commerce, and her intent to drive long-term success for shareholders.
The search for the new board member was conducted by Russell Reynolds, a leading executive search firm.
PROS Holdings, Inc. offers a platform that leverages AI, analytics, and automation to help businesses optimize transactions across various channels, aiming to improve revenue growth and profitability.
The information in this article is based on a press release statement from PROS Holdings, Inc.
In other recent news, PROG Holdings reported better-than-expected fourth-quarter results with earnings per share (EPS) of $0.80, surpassing the analyst estimate of $0.77. The company’s revenue for the quarter was $623.3 million, exceeding the consensus estimate of $614.39 million and marking an 8% increase from the previous year. Despite this performance, PROG Holdings issued guidance for 2025 that fell short of Wall Street expectations, projecting full-year EPS of $3.10-$3.50, below the consensus of $3.88, and revenue of $2.52-2.59 billion, under the expected $2.62 billion. For the first quarter of 2025, the company anticipates an EPS of $0.80-$0.85 and revenue between $665-685 million, which is below analyst estimates of $0.99 EPS and $682.2 million in revenue.
CEO Steve Michaels highlighted 2024 as a successful year due to strong gross merchandise volume growth and strategic execution. However, he noted a challenging operating environment for 2025, with soft demand for consumer durable goods. Analyst reactions were mixed, with TD Cowen viewing the guidance as somewhat negative despite solid fourth-quarter results. Keybanc highlighted the bankruptcy of Big Lots as a significant headwind for the company in 2025. Investors reacted to the cautious guidance for the upcoming year, despite PROG Holdings’ continued share repurchase program, which included buying back $40.5 million of stock in the fourth quarter.
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