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

Appian

Pegasystems to pay Appian additional $23.6 million in legal fees for willful and malicious misappropriation of trade secrets MCLEAN, Va. , Sept. 16, 2022 /PRNewswire/ -- Appian (NASDAQ: APPN) announced today that the Circuit Court for Fairfax County, Virginia entered a final judgment awarding it $2.036 billion in damages from Pegasystems Inc. (NASDAQ: PEGA) for trade secret misappropriation.

Appian: Judge Rejects Pegasystems Motion to Overturn $2 Billion Jury Verdict

Credit Union accelerates and simplifies processes to better serve members and support employees with Pega CRM solution CAMBRIDGE, Mass. , Sept. 13, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced First Tech Federal Credit Union (First Tech), the nation's ninth-largest credit union, deployed Pega Customer Service for Financial Services™ to help enhance member and employee experiences.

First Tech Federal Credit Union Uses Pega to Help Drive Efficiency Across Business Operations and Customer Experiences

CAMBRIDGE, Mass. , Aug. 16, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced the appointment of Naznine Tilak as vice president of learning, development, and diversity, equity, inclusion, and belonging (DEI&B).

Pega Appoints Naznine Tilak as Vice President of Learning, Development, and Diversity, Equity, Inclusion, and Belonging

Wilmington, Delaware--(Newsfile Corp. - August 12, 2022) - Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Pegasystems Inc. (NASDAQ: PEGA) on behalf of stockholders.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-pegasystems-inc.To contact Seth D. Rigrodsky or Gina M. Serra cost free, call or text (302) 295-5310 or email info@rl-legal.com.Rigrodsky Law, P.A.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Pegasystems Inc.

Developers of all skill levels invited to compete in creating innovative apps that help solve business and social challenges using Pega's low-code platform CAMBRIDGE, Mass. , Aug. 9, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced its 2022 Pega Community Hackathon is now open for registration.

Pega to Hold Third Annual Global Hackathon for Citizen and Professional App Makers

Pega recognized for its client-first, partner-centric strategy demonstrating pipeline growth and value delivery for clients CAMBRIDGE, Mass. , Aug. 3, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced it has received the Partner of the Year Award from Virtusa.

Pega Named 2022 Partner of the Year by Virtusa

CAMBRIDGE, Mass. , August 2, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced the appointment of Dr. Kikelomo (Dayo) Belizaire as its first chief medical officer.

Dr. Kikelomo Belizaire Joins Pega as the Company's First Chief Medical Officer

Poor second-quarter performance sent the company's shares tumbling.

Why Pegasystems Stock Fell Hard Today

Pegasystems Inc. (NASDAQ:PEGA ) Q2 2022 Earnings Conference Call July 27, 2022 5:00 PM ET Company Participants Alan Trefler - Founder and CEO Kenneth Stillwell - CFO Conference Call Participants Rishi Jaluria - RBC Steve Koenig - SMBC Nikko Vinod Srinivasaraghavan - Barclays Kevin Kumar - Goldman Sachs Joseph Meares - Truist Mark Schappel - Loop Capital Joey Marincek - JMP Securities Operator Good day, and welcome to the Pega Earnings Call. Today's conference is being recorded.

Pegasystems Inc. (PEGA) CEO Alan Trefler on Q2 2022 Results - Earnings Call Transcript

Pegasystems (PEGA) delivered earnings and revenue surprises of -1,166.67% and 19.64%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Pegasystems (PEGA) Reports Q2 Loss, Misses Revenue Estimates

New product will help application providers open new revenue streams by bringing powerful workflow-based SaaS apps to market CAMBRIDGE, Mass. , July 27, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced Pega Launchpad™ – a new cloud-based, low-code application development platform that will empower anyone to quickly build and launch B2B Software as a Service (SaaS) applications for commercialization.

Pega Introduces Pega Launchpad to Empower Users to Build and Monetize New B2B SaaS Apps

Total revenue increases to $651 million in first six months of 2022 Annual contract value grows 14 percent (19 percent in constant currency) Total backlog of $1.1 billion as of June 30, 2022 CAMBRIDGE, Mass. , July 27, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, released its financial results for the second quarter of 2022.

Client Adoption Drives Pega Cloud to 70% of New Client Commitments in First Half of 2022

Pega receives top score out of 11 vendors in current offering category CAMBRIDGE, Mass. , July 27, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced Forrester Research has named Pega a Leader in The Forrester Wave™: Core CRM Solutions, Q3 2022 report (1).

Pega Named a Leader in Core CRM Solutions by Independent Research Firm

BOSTON--(BUSINESS WIRE)--Brewer Lane Ventures (BLV), a Boston-based venture capital firm focused on investing in the future of financial services, announced today the addition of Douglas Kim as Operating Partner. David Castellani, formerly Operating Principal at Brewer Lane Ventures, has been promoted to Operating Partner as well. Douglas will partner with portfolio company founders to provide strategic guidance and execution expertise as they scale their businesses. “Douglas comes to us with 3

Brewer Lane Ventures Expands Operating Partner Team with the Addition of Douglas Kim and Promotion of David Castellani.

Pega received the highest possible score of 100 for its dedication to disability inclusion and equality in the workplace CAMBRIDGE, Mass. , July 20, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced it has earned the top score on the Disability Equality Index (DEI), which is recognized as one of the most robust disability inclusion assessment tools.

Pega Recognized as Best Place to Work for Disability Inclusion and Earns Top Score in the Disability Equality Index®

Recent accolades demonstrate Pega's excellence in delivering meaningful outcomes for employees, clients, and partners CAMBRIDGE, Mass. , July 19, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced recent awards recognizing its product innovation, culture, and market excellence.

Pega Recognized for Technology Innovation, Workplace Equality, and Industry Excellence

New York, New York--(Newsfile Corp. - July 18, 2022) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Pegasystems Inc. (NASDAQ: PEGA) alleging that the Company violated federal securities laws.This lawsuit is on behalf of all persons and entities that purchased PEGA common stock between May 29, 2020 and May 9, 2022, inclusive.Lead Plaintiff Deadline: July 18, 2022No obligation or cost to you.Learn more about...

PEGA ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of July 18, 2022 in the Class Action Filed on Behalf of Pegasystems Inc. Limited Shareholders

LOS ANGELES , July 18, 2022 /PRNewswire/ --  The Schall Law Firm , a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ: PEGA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 29, 2020 and May 9, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before July 18, 2022.

DEADLINE TODAY: The Schall Law Firm Encourages Investors in Pegasystems Inc. with Losses of $500,000 to Contact the Firm

NEW YORK , July 18, 2022 /PRNewswire/ -- Attention Pegasystems Inc. ("PEGA") (NASDAQ: PEGA) shareholders: The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of all persons and entities that purchased PEGA common stock between May 29, 2020 and May 9, 2022, inclusive.

CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind PEGA Investors of a Lead Plaintiff Deadline of July 18, 2022

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming July 18, 2022 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Pegasystems Inc. (“PEGA” or the “Company”) (NASDAQ: PEGA) common stock between May 29, 2020 and May 9, 2022, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate. On May 29, 2020, PEGA was sued by CRM software competitor, Appian Corpo

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Pegasystems Inc. (PEGA)

Los Angeles, California--(Newsfile Corp. - July 15, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ: PEGA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between May 29, 2020 and May 9, 2022, inclusive (the...

MONDAY DEADLINE REMINDER: The Schall Law Firm Encourages Investors in Pegasystems Inc. with Losses of $500,000 to Contact the Firm

NEW YORK , July 15, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Pegasystems Inc. (NASDAQ: PEGA). To receive updates on the lawsuit, fill out the form: https://claimyourloss.com/securities/pegasystems-inc-loss-submission-form/?id=29829&from=4 This lawsuit is on behalf of all persons and entities that purchased PEGA common stock between May 29, 2020 and May 9, 2022, inclusive.

PEGA SHAREHOLDER ALERT: Jakubowitz Law Reminds PEGA Shareholders of a Lead Plaintiff Deadline of July 18, 2022

NEW YORK , July 14, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Pegasystems Inc. (NASDAQ: PEGA) between May 29, 2020 and May 9, 2022, both dates inclusive (the "Class Period"), of the important July 18, 2022 lead plaintiff deadline. SO WHAT: If you purchased PEGA securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

PEGA MONDAY DEADLINE: ROSEN, A TOP RANKED FIRM, Encourages Pegasystems Inc. Investors With Losses Over $100K to Secure Counsel Before Important July 18 Deadline in Securities Class Action - PEGA

San Francisco, California--(Newsfile Corp. - July 14, 2022) - Hagens Berman urges Pegasystems Inc. (NASDAQ: PEGA) investors with over $100k losses to submit your losses now. A securities fraud class action has been filed and investors with significant losses may have the opportunity to lead the case.Class Period: May 29, 2020 - May 9, 2022Lead Plaintiff Deadline: July 18, 2022Visit: https://www.hbsslaw.com/investor-fraud/PEGAContact An Attorney Now: PEGA@hbsslaw.com844-916-0895Pegasystems Inc. (PEGA) Securities Fraud Class Action: Th

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Pegasystems Inc. (PEGA) Investors with Over $100k Losses to Contact Firm's Attorneys Before July 18th Deadline in Securities Fraud Class Action

NEW YORK , July 14, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Pegasystems Inc. ("PEGA" or the "Company") (NASDAQ: PEGA) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of PEGA investors who were adversely affected by alleged securities fraud.

News for Pegasystems Stock (PEGA)