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Mar 31, 2022
Pegasystems Q1 2022 Earnings Report
Pegasystems' Q1 2022 financial results were released, showcasing revenue growth and improved profitability.
Key Takeaways
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%.
Total revenue increased by 20% to $376 million.
Gross margin improved to 77%.
Non-GAAP net income increased by 112% to $50.2 million.
Annual contract value (ACV) grew by 21%.
Pegasystems
Pegasystems
Pegasystems Revenue by Segment
Forward Guidance
The press release does not contain information regarding forward guidance. Therefore, this section is left blank.
Revenue & Expenses
Visualization of income flow from segment revenue to net income