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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
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