Item 2.02. Results of Operations and Financial Condition.
On November 5, 2009, PROS Holdings, Inc ("the Company") issued a press
release announcing financial results for its third quarter ended September 30,
2009. A copy of the press release, dated as of November 5, 2009, is furnished as
Exhibit 99.1 to this Current Report on
Form 8-K.
Use of Non-GAAP Financial Information
The Company provides non-GAAP measures of operating results per share in the
attached press release. The presentation is intended to be a supplemental
measure of performance and typically excludes stock-based compensation and
certain one time charges that impact the comparability of one quarter to
another. The presentation is not intended to replace or to be displayed more
prominently than the Company's GAAP measures. The Company appreciates that
investors also need to analyze the Company's results on a GAAP basis, so a
reconciliation of the adjustments to GAAP results for the periods is included in
the attached press release. In addition, an explanation of the ways in which the
Company's management uses these non-GAAP measures to evaluate its business, the
substance behind the Company's management's decision to use these non-GAAP
measures, and the substantive reasons why the Company's management believes that
these non-GAAP measures provide useful information to investors are included in
the attached press release.
The information in the this Current Report, including the exhibits attached
hereto, shall not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section. The information contained herein and in the
accompanying exhibit shall not be incorporated by reference into any
registration statement or other document filed with the Securities and Exchange
Commission by the Company, whether made before or after the date hereof,
regardless of any general incorporation language in such filing, except as shall
be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press release dated November 5, 2009.
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