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Mar 31, 2023
Pegasystems Q1 2023 Earnings Report
Pegasystems' Q1 2023 results were driven by a focus on client success.
Key Takeaways
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.
Annual contract value (ACV) grew 15% year over year (constant currency).
Focus on profitable growth led to significant cash generation.
Pega Cloud gross margin reached 72%.
The team delivered well on ACV growth, free cash flow, and backlog.
Revenue by Segment
Forward Guidance
The press release does not contain specific forward guidance. It mentions the company's progress against its 2023 goals and excitement about becoming a Rule of 40 company.
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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