Procore Technologies, Inc.

Q1 2022 Earnings Conference Call

5/4/2022

spk03: that we think there is just a tremendous opportunity still ahead.
spk02: Great. Great work, guys. Thanks.
spk01: Thank you. Thank you. The final question is from the line of Merle Molina with Piper Sandler. You may proceed.
spk02: Hi, great. Yeah, just filling in for Brent here. Thanks for taking our questions. So I was just curious if you saw any significant effect on customer demand from the Omicron variant as it sort of ramped up in January and persisted through February. Where did you find that, you know, construction activity overall was more kind of insulated from that wave during those months? And then I'll have one follow-up.
spk00: So, yeah, Murr, we have not – there is no correlation. We haven't seen anything that would indicate that at all. So I don't really have much more to add.
spk02: Got it. Got it. And then, you know, you had some commentary around, you know, broad based success resonating with stakeholders, different geographies and customer sizes. Is that the same thing you're seeing as it relates to level set? Or is there a certain segment of the market where level set, you know, is kind of resonating more?
spk03: Levelset is, in general, more focused or historically has been more focused on the subcontractor and the vendor. And so what I would tell you is if the stakeholders that they service, they're continuing to see success, then we continue to be really bullish on the opportunity of what we can do by bringing the businesses together, serving newer stakeholders, as well as continuing to get deeper into their existing stakeholders.
spk02: Very helpful. Thank you. Thank you.
spk01: Thank you. There are no additional questions at this time. I will now pass it back to the management team for any closing remarks.
spk03: Thanks, everyone. Take care.
spk01: That concludes today's conference call. Thank you. You may now disconnect your line.
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