Pegasystems Earnings Reports

Pegasystems reported a 3% YoY revenue increase in Q4 2024, driven by strong growth in Pega Cloud ACV. However, GAAP net income declined by 17% due to higher expenses, though free cash flow reached a record high.

Pegasystems reported a decrease in total revenue by 3% year-over-year. However, Pega Cloud ACV grew by 30% year-over-year, and the company saw strong free cash flow in the first nine months of 2024.

Pegasystems reported strong Q2 2024 financial results, with ACV growing 13% year over year in constant currency and Pega Cloud backlog exceeding $1 billion for the first time. The company's approach to statistical AI and generative AI, particularly Pega GenAI Blueprint™, has driven deeper client engagement and identified opportunities to accelerate growth.

Pegasystems Inc. released its financial results for the first quarter of 2024, highlighting outstanding cash flow and margin expansion. Cash flow from operations and free cash flow both reached $180 million. ACV grew 9% year over year, and Pega Cloud gross margin expanded to 77%.

Pegasystems reported strong Q4 2023 results, with cash flow from operations and free cash flow exceeding $200 million for the first time. The company achieved double-digit ACV growth and a Pega Cloud gross margin of 74% for the year.

Pegasystems Inc. reported its Q3 2023 financial results, marked by record free cash flow in the first three quarters and double-digit growth in Annual Contract Value (ACV). The company launched Pega Infinity ’23 with advanced GenAI capabilities and emphasized balancing growth with free cash flow.

Pegasystems reported a 9% increase in total revenue, reaching $298.27 million. The company saw improvements in net loss, with GAAP net loss decreasing by 84% to $46.80 million and non-GAAP net income of $1.20 million. ACV grew 13% year over year, and the company achieved record cash flow in the first half of 2023.

Pegasystems reported a decrease in total revenue and GAAP net loss for Q1 2023, but highlighted ACV growth and strong cash generation. The company's focus on client engagement and profitable growth contributed to the results.

Pegasystems reported a strong finish to 2022, with total revenue of $396.47 million, a 25% increase year-over-year. The company's net income (GAAP) was $34.61 million, a significant improvement compared to the $(37.246) million loss in the same period last year. Non-GAAP net income was $68.341 million, a substantial increase from $3.051 million in the prior year. The company's annual contract value (ACV) grew 16% year over year (constant currency) and Pega Cloud gross margin reached 70%.

Pegasystems reported a strong Q3 2022, with significant growth in key performance metrics despite foreign exchange headwinds. The company is making progress on improving operational discipline and driving profitable growth to achieve the Rule of 40 as they exit 2024.

Pegasystems reported a total revenue increase to $651 million in the first six months of 2022, with annual contract value growing by 14 percent (19 percent in constant currency). However, the company experienced a GAAP net loss of $286.3 million and a non-GAAP net loss of $31.4 million for the second quarter.

Pegasystems reported a 20% increase in total revenue, reaching $376 million, and a significant improvement in gross margin to 77%. The company's annual contract value (ACV) also grew by 21%.

Pegasystems' Q4 2021 results showed strong growth with ACV exceeding $1 billion. The company is focused on becoming the enterprise standard workflow engine.

Pegasystems reported Q3 2021 financial results, with total ACV growing by 22% and subscription revenue increasing by 32% year over year. Total revenue reached $256.268 million, a 13% increase compared to the same period last year.

Pegasystems reported a strong Q2 2021 with total revenue of $325.702 million, a 43% increase year-over-year. The company's ACV grew by 22%, driven by Pega Cloud Choice, and backlog increased by 26% to over $1 billion.

Pegasystems reported an 18% increase in total revenue year over year, driven by a 56% increase in Pega Cloud revenue. Subscription revenue grew by 23%, and the company saw a substantial improvement in non-GAAP net income, which increased by 448%.

Pegasystems' Q4 2020 results showed strong growth, with total revenue exceeding $1 billion for the first time. Pega Cloud ACV grew significantly, and the company provided 2021 revenue guidance of $1.25 billion.

Pegasystems' Q3 2020 results demonstrated the company's ability to succeed during a challenging time, with subscription revenue growing and Pega Cloud ACV increasing significantly.

Pegasystems reported an 11% increase in total revenue, driven by a 56% increase in Pega Cloud ACV. The company remains confident in its long-term opportunity, with subscription revenue growing 38% year-over-year in the first half of 2020.

Pegasystems Inc. reported a solid Q1 2020 with a 25% increase in total revenue, driven by a 57% increase in Pega Cloud revenue. Total ACV grew by 21% year over year to $711 million, and the business has over 90% visibility into the 2020 revenue target.

Pegasystems Inc. reported a strong Q4 2019, with total revenue reaching $276.54 million. The company's ACV increased by 22% year over year, reaching $693 million, and backlog increased by 33% to $836 million.