Daniela Campo Gomez's questions to Procore Technologies Inc (PCOR) leadership • Q4 2024
Question
Daniela Campo Gomez of UBS asked about the Q4 operating margin coming in below guidance while the 2025 guide was raised, questioning if one-time expenses are complete.
Answer
CFO Howard Fu explained the Q4 margin was impacted by deliberate, one-time decisions to accelerate spending while the business showed strong momentum. He advised not to anchor on the Q4 result, confirming these were unique pull-forwards and reiterated the commitment to continued margin expansion in both fiscal 2025 and 2026.