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Sep 30, 2020
Pegasystems Q3 2020 Earnings Report
Pegasystems' financial results for Q3 2020 were released, showing resilience and success in a challenging environment.
Key Takeaways
Pegasystems' Q3 2020 results demonstrated the company's ability to succeed during a challenging time, with subscription revenue growing and Pega Cloud ACV increasing significantly.
Pega Cloud ACV increased by 57% to $232 million.
Total ACV grew by 21% to $777 million.
Backlog increased by 38% to $838 million.
Pega Cloud mix grew to 66% of new client commitments in Q3 2020.
Pegasystems
Pegasystems
Pegasystems Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income