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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.
Pegasystems
Pegasystems
Pegasystems Revenue by Segment
Revenue by Segment
Pega Cloud Revenue
CapyFin.comSubscription License Revenue
CapyFin.comConsulting Revenue
CapyFin.comPerpetual License Revenue
CapyFin.comMaintenance Revenue
CapyFin.com 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