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Sep 30, 2024
Pegasystems Q3 2024 Earnings Report
Pegasystems' Q3 2024 financial results were released, highlighting ACV growth and strong free cash flow.
Key Takeaways
Pegasystems reported a decrease in total revenue by 3% year-over-year. However, Pega Cloud ACV grew by 30% year-over-year, and the company saw strong free cash flow in the first nine months of 2024.
Annual Contract Value (ACV) grew 16% year over year (14% in constant currency)
Pega Cloud ACV grew 30% year over year (26% in constant currency)
Cash flow from operations reached $251 million in the first nine months of 2024
Free cash flow hit $246 million in the first nine months of 2024
Revenue by Segment
Forward Guidance
No specific 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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