PROS Holdings Inc. said its normalized net income for the first quarter came to a loss of 42 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 34 cents per share.

The per-share loss increased 39.8% year over year from 30 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $12.7 million, compared with a loss of $8.8 million in the prior-year period.

The normalized profit margin fell to negative 33.5% from negative 20.2% in the year-earlier period.

Total revenue declined 13.2% year over year to $37.9 million from $43.7 million, and total operating expenses came to $55.9 million, compared with $55.4 million in the prior-year period.

Reported net income came to a loss of $20.6 million, or a loss of 68 cents per share, compared to a loss of $14.1 million, or a loss of 48 cents per share, in the prior-year period.