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Sep 30, 2023
Pegasystems Q3 2023 Earnings Report
Pegasystems' Q3 2023 financial performance was released, highlighted by record cash flow and double-digit ACV growth.
Key Takeaways
Pegasystems Inc. reported its Q3 2023 financial results, marked by record free cash flow in the first three quarters and double-digit growth in Annual Contract Value (ACV). The company launched Pega Infinity ’23 with advanced GenAI capabilities and emphasized balancing growth with free cash flow.
Operating cash flow reached $138 million through Q3 2023, with free cash flow reaching $124 million.
Pega Cloud gross margin continued to improve, reaching 74% through Q3 2023.
Annual contract value grew 12% year over year, or 10% in constant currency.
Launched Pega Infinity ’23, featuring advanced GenAI capabilities.
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
No forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income