The construction software company said during the week’s earnings webcast it did not see much evidence of an economic slowdown. “We saw some cautiousness on construction volume commitments for work that hasn’t yet been awarded,” CEO Tooey Courtemanche said during the webcast. He said that only impacted a small portion of customers up for renewal. Procore lost $63.4 million for the most recently ended quarter, down from $71.4 million in red ink a year ago. Revenue was $213.5 million, compared to $159.5 million in last year’s corresponding period. Overall, Procore call an increase in volume for it customers, whose pricing is based on the volume they run through the company’s software platform.  CFO Paul Lyandres reported no major updates and what was term “lower-than-expected productivity” in Procore’s international operations during the fourth-quarter webcast. That difficulty was attributed to internal operational issues and indicated it is looking at the leadership there. “We continue to make improvements,” says Lyandres. “This is one of those things that is not going to be fixed overnight.” However, he hopes for performance by year’s end.

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