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Sep 30, 2022
Pegasystems Q3 2022 Earnings Report
Pegasystems' Q3 2022 was its best quarter of the year, driven by prioritized go-to-market efforts promoting profitable growth.
Key Takeaways
Pegasystems reported a strong Q3 2022, with significant growth in key performance metrics despite foreign exchange headwinds. The company is making progress on improving operational discipline and driving profitable growth to achieve the Rule of 40 as they exit 2024.
Annual contract value (ACV) grew 16 percent in constant currency year over year.
Pega Cloud ACV grew 39 percent in constant currency year over year.
Total backlog grew 11 percent (18 percent in constant currency) year over year.
Q3 2022 was the best quarter of the year for Pega.
Pegasystems
Pegasystems
Pegasystems Revenue by Segment
Forward Guidance
The company is focused on profitable growth and achieving the Rule of 40 as they exit 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income