Pegasystems

Pegasystems, Inc. engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. Its product Pega Infinity helps connect enterprises to their customers in real-time across channels, streamline business operations, and adapt to meet changing requirements. The company was founded by Alan Trefler in 1983 and is headquartered in Cambridge, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Pegasystems excels in Q4 2022, poised for growth amid challenges

Pegasystems demonstrates robust financial performance, strategic focus on innovation, and client-centric approach, positioning the company for continued growth and success.
While facing challenges such as vendor consolidation trends and the need for relationship-building in key markets, Pega can leverage opportunities in optimizing sales strategies and expanding market share.
Clear communication on sales reorganization impact, term license dynamics, and strategic direction will be crucial for Pega to maintain investor confidence and capitalize on its strengths and growth potential.

Pegasystems excels in Q1 2023 with strong ACV growth and AI focus

Pegasystems demonstrates robust growth in Q1 2023, emphasizing AI innovation, cloud advancements, and financial discipline. The company faces challenges in subscription transitions and revenue lag but holds opportunities in AI efficiency and market expansion.

Pegasystems reports record cash flow and eyes AI monetization

Pegasystems (PEGA) showcases strong financial performance with record free cash flow and ACV growth, focusing on Rule of 40 balance.
Confidence in AI capabilities and ongoing innovation position Pega well for future growth and enterprise solutions revolution.
Challenges lie in client caution, economic concerns, and revenue strategy optimization, while opportunities abound in AI monetization and sales efficiency enhancements.
Pega's strategic focus on generative AI, Pega Cloud, and customer outcomes sets the stage for continued success and innovation in the market.

Pegasystems reports record cash flow and strong GenAI engagement

Pegasystems reported strong financial performance with record cash flow and double-digit ACV growth, aiming for a Rule of 40 balance between growth and profit.
The company showcased robust GenAI capabilities, engaged with major clients globally, and is focused on modernizing legacy applications and generative AI solutions.
While facing challenges with customer caution on digital transformations and partner exploration of generative AI, Pegasystems is well-positioned to capitalize on opportunities in AI adoption and cloud expansion.
By addressing AI risks, streamlining resources, and emphasizing client support, Pega is poised for continued growth and innovation in the evolving AI landscape.

Pegasystems reports robust 2023 results, eyes AI growth opportunities

Pegasystems' strong financial performance in 2023 and strategic focus on GenAI innovation position the company for continued growth and market leadership.
While facing challenges such as revenue lumpiness and macro uncertainties, Pega's emphasis on operational efficiency and client-centric solutions mitigates risks and drives resilience.
Opportunities in AI demand, go-to-market transformation, and partnership engagement offer avenues for expansion and differentiation in the evolving technology landscape.
Balancing financial metrics, addressing revenue normalization, and leveraging GenAI's potential for autonomous agents underscore Pega's commitment to innovation and sustainable growth.

Pegasystems reports strong Q1 performance, eyes growth through Gen AI

Pegasystems' Q1 2024 earnings call highlighted strong financial performance, successful product launches, and a positive outlook for leveraging Gen AI capabilities.
The company's focus on Pega Cloud gross margins, GenAI Blueprint, and partnerships underscores its commitment to innovation and growth.
Challenges in monetization, ACV bookings, and maintaining margins are balanced by opportunities in partner capabilities, expansion, and automation.
Overall, Pegasystems remains well-positioned to capitalize on the momentum and drive profitability through Gen AI solutions and strategic initiatives.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Does Pegasystems (PEGA) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Pegasystems (PEGA) a Strong Momentum Stock: Buy Now?

Pegasystems achieved strong revenue growth in Q3, driven by strength in term licenses. The company's profitability and free cash flow generation were strong in 3Q23. Pegasystems' focus on aligning spending with growth drivers and cost discipline positions it for margin expansion.

Pegasystems: FCF Performance Was Solid

Specialist UK savings and lending bank expands use of Pega to triple underwriter output and accelerate mortgage offers READING, UK , Nov. 13, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change® , today announced that Shawbrook, a UK-based specialist savings and lending bank, has deployed Pega Platform™ to transform its buy-to-let mortgage underwriting process. Shawbrook continues to invest in its unique business model and best-of-both capabilities, combining the intelligent use of technology to enhance human judgment and to automate where it makes sense to do so.

Pega Helps Shawbrook Cut Mortgage Processing Times in Half

Pegasystems, Inc. (NASDAQ:PEGA ) Q3 2023 Results Conference Call October 26, 2023 8:00 AM ET Company Participants Peter Welburn - Vice President, Corporate Development and IR Alan Trefler - Founder, CEO and Chairman of the Board Kenneth Stillwell - COO and CFO Conference Call Participants Steve Enders - Citi Pinjalim Bora - JPMorgan Jake Roberge - William Blair Kevin Kumar - Goldman Sachs Rishi Jaluria - RBC Raimo Lenschow - Barclays Mark Schappel - Loop Capital Markets Joe Meares - Truist Securities Fred Havemeyer - Macquarie Blair Abernethy - Rosenblatt Securities Operator Greetings, and welcome to the Pegasystems Third Quarter 2023 Earnings Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Pegasystems, Inc. (PEGA) Q3 2023 Earnings Call Transcript

Pegasystems (PEGA) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.34 per share a year ago.

Pegasystems (PEGA) Q3 Earnings and Revenues Beat Estimates

Operating cash flow reaches $138 million through Q3 2023 (free cash flow reaches $124 million) Pega Cloud gross margin continues to improve, reaching 74% through Q3 2023 Annual contract value grows 12% year over year (10% in constant currency) CAMBRIDGE, Mass. , Oct. 25, 2023 /PRNewswire/ -- Pegasystems Inc., the low-code platform provider empowering the world's leading enterprises to Build for Change ®, released its financial results for the third quarter of 2023.

Pega Drives Record Cash Flow Through Q3 2023

CAMBRIDGE, Mass. , Oct. 11, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced it will report financial results for the third quarter of 2023 on Wednesday, October 25, 2023, after market close.

Pega to Announce Financial Results for the Third Quarter of 2023 and Host Conference Call and Webcast

Pega's world-class intelligent automation and generative AI helps financial institutions more efficiently orchestrate rising number of cases CAMBRIDGE, Mass. , Oct. 11, 2023 /PRNewswire/ -- Pegasystems Inc.  (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced the Pega Financial Crime and Alerts Investigation Management Accelerator, a new solution that helps financial institutions manage the rising number of risk alerts and more efficiently orchestrate investigations.

New Pega Accelerator Helps Financial Institutions Streamline Financial Crimes Investigations

Pega receives highest scores for B2B, B2C, and Indirect/Relationship Sales Use Cases for third consecutive year CAMBRIDGE, Mass. , Oct. 4, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced it has been recognized by Gartner, Inc., in its 2023 Gartner Critical Capabilities for Sales Force Automation Platforms (1) report.

Pega Recognized as the Highest Ranked Vendor by Gartner® in 2023 Critical Capabilities for Sales Force Automation Platforms

Baker Hughes Co

Postal Realty Trust

Carrols Restaurant Group

Herein we discuss some hot events of 2023 so far in detail along with some stocks that investors can tap to make the most of the trends.

Stocks to Tap the Hot Wall Street Stories

Latest version of market-leading disputes management solution helps banks speed case resolutions CAMBRIDGE, Mass., Sept. 26, 2023 /PRNewswire/ --  Pegasystems Inc.  (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced new enhancements in Pega Smart Dispute™ to help retail banks streamline time-consuming chargeback processes.

Pega Infuses AI into Pega Smart Dispute to Streamline Chargeback Processes

Garmin

Palo Alto Networks

Garmin returned to sales growth this past quarter. Palo Alto Networks is becoming more profitable.

3 Under-the-Radar Tech Stocks to Buy in 2023

CAMBRIDGE, Mass., Sept. 15, 2023 /PRNewswire/ -- Pegasystems Inc.  (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced a quarterly cash dividend of $0.03 per share, maintaining the company's current dividend program.

Pega Announces Quarterly Cash Dividend for Fourth Quarter of 2023

New generative AI capabilities will help businesses operationalize agility to become more autonomous enterprises CAMBRIDGE, Mass. , Sept. 13, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced the general availability of Pega Infinity™ '23.

Pega Infinity '23 Now Available to Unlock Deeper Levels of AI and Automation for Self-Optimizing Experiences

Ms. Pratt appointed as general manager of the US government sector at Pega CAMBRIDGE, Mass. , Sept. 12, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced it has appointed Jen Pratt as general manager of the US government sector.

Jen Pratt Joins Pega to Oversee Continued Success for Government Clients

Pegasystems shares rose Monday as Wedbush analysts added the enterprise software company to its Best Ideas List.  The firm also maintained its Outperform rating and $65 price target.

Pegasystems is an 'under-the-radar AI play," analyst says

While the top- and bottom-line numbers for Pegasystems (PEGA) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Pegasystems (PEGA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Pegasystems (PEGA) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.38 per share a year ago.

Pegasystems (PEGA) Lags Q2 Earnings and Revenue Estimates

Operating cash flow exceeds $110 million (Free Cash Flow exceeds $120 million) Annual contract value (ACV) grows 13% year over year Pega Cloud gross margin expands to 73% CAMBRIDGE, Mass. , July 26, 2023 /PRNewswire/ -- Pegasystems Inc., the low-code platform provider empowering the world's leading enterprises to Build for Change ®, released its financial results for the second quarter of 2023.

Pega Delivers Record Cash Flow in the First Half of 2023

Pegasystems Inc. provides a range of workflow automation software to organizations. The firm has seen strong client interest in its AI-enhanced products and plans for integration to generative AI. However, 2023's revenue growth will likely be less than 2022's growth vs. 2021, so I remain Neutral [Hold] on Pegasystems Inc. in the near term.

Pegasystems Has AI-Related Upside Potential But Customers Grow Timid

CAMBRIDGE, Mass. , July 13, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced that it will report financial results for the second quarter of 2023 on Wednesday, July 26, 2023, after market close.

Pega to Announce Financial Results for the Second Quarter of 2023 via Conference Call and Webcast

Pega honored for the second consecutive year for its dedication to disability inclusion and equality in the workplace CAMBRIDGE, Mass. , July 11, 2023 /PRNewswire/ -- Pegasystems Inc (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced it has been recognized as a Best Place to Work for Disability Inclusion in the Disability Equality Index (DEI), which is considered one of the most comprehensive benchmarking tools to measure workplace inclusion.

Pega Recognized as a Best Place to Work for Disability Inclusion in the Disability Equality Index®

Pegasystems (PEGA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Pegasystems (PEGA) Surges 14.1%: Is This an Indication of Further Gains?

An analyst at Wedbush upgraded his rating on the low-code software specialist. The analyst also increased his price target for the stock and issued some encouraging earnings targets.

Why Pegasystems Stock Is Soaring Today

Pegasystems Inc. PEGA, -0.65% stock is up 4.4% in premarket trades Wednesday after Wedbush upgraded the business software company to outperform from neutral and raised its price target to $65 a share from $50. Analyst Daniel Ives said the upgrade reflects “incrementally better field checks and an under-the-radar artificial intelligence (AI) story that is now starting to form.

News for Pegasystems Stock (PEGA)