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Mar 31, 2024
Pegasystems Q1 2024 Earnings Report
Pegasystems reported strong cash flow and margin expansion.
Key Takeaways
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%.
Cash flow from operations and free cash flow both reached $180 million.
Annual contract value (ACV) grows 9% year over year.
Pega Cloud gross margin expands to 77%.
Released Pega GenAI Blueprint™, a revolutionary technology.
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
Given our financial strength and differentiated GenAI capabilities, we are in a great position to accelerate profitable growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income