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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.
Revenue by Segment
Forward Guidance
No forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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