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