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Jun 30, 2022
Pegasystems Q2 2022 Earnings Report
Pegasystems' Q2 2022 financial results were released, highlighting Pega Cloud's growth to 70% of new client commitments.
Key Takeaways
Pegasystems reported a total revenue increase to $651 million in the first six months of 2022, with annual contract value growing by 14 percent (19 percent in constant currency). However, the company experienced a GAAP net loss of $286.3 million and a non-GAAP net loss of $31.4 million for the second quarter.
Total revenue increased to $651 million in the first six months of 2022.
Annual contract value grew 14 percent (19 percent in constant currency).
Total backlog of $1.1 billion as of June 30, 2022.
Pega Cloud accounted for 70% of new client commitments in the first half of 2022.
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
Pegasystems is aiming to become a Rule of 40 company in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income