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Jun 30, 2020
Pegasystems Q2 2020 Earnings Report
Pegasystems' financial results for Q2 2020 were released, showing resilience amidst the global pandemic.
Key Takeaways
Pegasystems reported an 11% increase in total revenue, driven by a 56% increase in Pega Cloud ACV. The company remains confident in its long-term opportunity, with subscription revenue growing 38% year-over-year in the first half of 2020.
Total ACV increased by 21% to $738 million, driven by Pega Cloud Choice™.
Pega Cloud ACV grew by 56% to $211 million.
Pega Cloud Backlog increased by 26%.
First Half Pega Cloud Revenue grew by 55%.
Revenue by Segment
Forward Guidance
The press release does not contain forward guidance. Therefore, this section is empty.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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