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Dec 31, 2019
Pegasystems Q4 2019 Earnings Report
Pegasystems reported strong Q4 results, marking the end of a solid year, with expectations for continued growth in the new decade.
Key Takeaways
Pegasystems Inc. reported a strong Q4 2019, with total revenue reaching $276.54 million. The company's ACV increased by 22% year over year, reaching $693 million, and backlog increased by 33% to $836 million.
Total ACV increased 22% year over year, reaching $693 million.
Total Backlog increased by 33% to $836 million.
Pega Cloud ACV grew 54% in 2019.
Pega Cloud Backlog was up 41% to $422 million.
Pegasystems
Pegasystems
Pegasystems Revenue by Segment
Forward Guidance
Pegasystems provided guidance for the year 2020, with revenue expected to be $1.1 billion and non-GAAP EPS of $0.20.
Revenue & Expenses
Visualization of income flow from segment revenue to net income