Procore Technologies: Cashing In On Potential Infrastructure Gold Rush

  • Procore surpasses $1 billion in ARR in FY 2023.
  • PCOR’s stock has seen ups and downs since going public, currently trading slightly below debut price.
  • Enactment of IRA, infrastructure bills, and CHIPS act could lead to a construction “gold rush”, accelerating demand for PCOR offerings.

Procore Technologies, Inc. (NYSE:PCOR) is a construction management software company that offers a cloud-based platform to help construction companies manage their projects more efficiently. The platform includes tools for project management, quality and safety, financial management, and more. In FY 2023, PCOR surpassed the $1 billion