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Mar 31, 2021
Pegasystems Q1 2021 Earnings Report
Pegasystems' first quarter performance in 2021 was marked by increased digital transformation demand and significant growth in Pega Cloud revenue.
Key Takeaways
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%.
Total ACV grew by 20%, driven by Pega Cloud Choice.
Pega Cloud ACV increased by 55% to $282 million.
Total Backlog increased by 30% year over year.
Subscription revenue growth aligns with total ACV growth, indicating the business strategy is working.
Revenue by Segment
Forward Guidance
The company expects clients will remain on their accelerated digital transformation path and is well-positioned to support those efforts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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