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On Tuesday, BMO Capital analysts shared insights from their recent virtual software conference, focusing on several companies, including Dayforce. The discussion with Dayforce CFO Jeremy Johnson revealed an improved bookings environment, which is expected to boost growth momentum throughout the fiscal year 2025. Analysts noted that platform deals, managed services, and the Wallet feature are key strengths for Dayforce. Although challenges remain, financial improvements are anticipated by calendar year 2026.
The conference also featured a conversation with Samsara’s VP of Corporate Development & IR, Mike Chang. Following last week’s first-quarter report, which highlighted temporary macroeconomic challenges, the discussion explored expansion opportunities in safety, non-vehicle solutions, and international markets. A product update is expected at Samsara’s investor day later this month.
Procore was another focus of the conference, where insights were shared by Alex Geller from the investor relations team. As 2025 is a transition year for Procore, analysts expect the company’s go-to-market changes and CEO transition to be catalysts for growth. Currently trading at $67.89 with a market capitalization of $10.1 billion, the company has demonstrated strong fundamentals with an impressive 81.2% gross profit margin and 18.6% revenue growth. According to InvestingPro data, analyst price targets range from $60 to $95, reflecting mixed sentiment about the company’s transition period. The company is anticipated to provide updates on sales execution and AI developments in the fall.[Get deeper insights into Procore’s potential with InvestingPro, which offers 8 additional exclusive ProTips and a comprehensive Fair Value analysis. The platform’s research shows Procore is currently fairly valued based on its proprietary valuation model.]
Paylocity (NASDAQ:PCTY) CEO Toby Williams discussed the company’s focus on long-term consistency despite a dynamic macroeconomic environment. Management expects to issue prudent guidance for fiscal year 2026 in August, with plans for normalized margin expansion and full integration of Airbase by the end of fiscal year 2026. This outlook aligns with broader market trends tracked by InvestingPro’s advanced analytics tools, which provide comprehensive insights across the software sector.
PTC (NASDAQ:PTC) CFO Kristian Talvitie highlighted the company’s efforts to control its trajectory amid macroeconomic challenges. PTC is focusing on executing recent go-to-market changes and product innovation to drive growth beyond this year. The company is also implementing measures to enhance free cash flow generation and efficiency.
In other recent news, Procore Technologies (NYSE:PCOR) reported first-quarter earnings for 2025 that surpassed expectations, with revenue reaching $311 million, exceeding the forecasted $302.6 million. The company also posted non-GAAP earnings per share of $0.23, beating the consensus estimate of $0.18. Procore’s calculated remaining performance obligations (cRPO) were reported at $842.6 million, a 20% increase year-over-year, while total remaining performance obligations (RPO) reached $1.290 billion, showing a 28% rise compared to the previous year. Despite these strong financial results, Stifel analysts adjusted their price target for Procore from $93 to $75, maintaining a Buy rating, while Citizens JMP reaffirmed a Market Outperform rating with a $95 price target. Procore’s management acknowledged the macroeconomic environment’s uncertainties, particularly the potential impacts of tariffs, but expressed confidence in their ability to meet full-year revenue guidance. The company also highlighted its focus on AI-driven innovation and platform integration as part of its long-term growth strategy.
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