Procore Technologies, Inc. (NYSE:PCOR) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET

Company Participants

Matthew Puljiz - Vice President, Finance

Tooey Courtemanche - Founder, President and Chief Executive Officer

Howard Fu - Chief Financial Officer

Conference Call Participants

DJ Hynes - Canaccord

Saket Kalia - Barclays

Adam Borg - Stifel

Sterling Auty - Moffett Nathanson

Luv Sodha - Jefferies

Matt Broome - Mizuho

Josh Tilton - Wolfe Research

Brent Bracelin - Piper Sandler

Nick Altmann - Scotiabank

Kash Rangan - Goldman Sachs

Jason Celino - KeyBanc

Tim Grieves - Loop Capital Markets

Operator

Good afternoon. Thank you for attending the Procore Technologies 2023 Q2 Earnings Call. My name is Matt, and I’ll be your moderator for today’s call. [Operator Instructions] I would now like to pass the conference over to our host, Matthew Puljiz, VP of Finance.

Matthew Puljiz

Alright. Thanks. Good afternoon, everyone. Welcome to Procore’s 2023 Second Quarter Earnings Call. I am Matthew Puljiz, VP of Finance. With me today are Tooey Courtemanche, Founder, President and CEO; and Howard Fu, CFO.

Further disclosure of our results can be found in our press release issued today, which is available on the Investor Relations section of our website. and our periodic reports filed with the SEC. Today’s call is being recorded, and a replay will be available following the conclusion of the call.

Comments made on this call may include forward-looking statements regarding our financial results, products, customer demand, operations and macroeconomic and geopolitical conditions. You should not rely on forward-looking statements as predictions of future events. All forward-looking statements are subject to risks, uncertainties and assumptions and are based on management’s current expectations and views as of today, August 2, 2023.

Procore undertakes no obligation to update any forward-looking statements to reflect new information or unanticipated events, except as required by law. And if this call is replayed reviewed after today, the information presented during the call may not contain current or accurate information. Therefore, these statements should not be relied upon as representing our views as of any subsequent date. We’ll also refer to certain non-GAAP financial measures to provide additional information to investors. A reconciliation of non-GAAP to GAAP measures is provided in our press release.

And with that, here is Tooey.

Tooey Courtemanche

Thanks, Matt and thank you, everyone, for joining us today. I am proud of the results that we delivered this quarter despite the challenges we continue to see in the demand environment.