Loading...
•
Dec 31, 2022
Pegasystems Q4 2022 Earnings Report
Pegasystems' Q4 2022 financial results were released, highlighting improved profitability and surpassing $1 billion in subscription revenue.
Key Takeaways
Pegasystems reported a strong finish to 2022, with total revenue of $396.47 million, a 25% increase year-over-year. The company's net income (GAAP) was $34.61 million, a significant improvement compared to the $(37.246) million loss in the same period last year. Non-GAAP net income was $68.341 million, a substantial increase from $3.051 million in the prior year. The company's annual contract value (ACV) grew 16% year over year (constant currency) and Pega Cloud gross margin reached 70%.
Total revenue increased by 25% year-over-year, reaching $396.47 million.
Net income (GAAP) improved to $34.61 million, compared to a loss of $(37.246) million in the same period last year.
Non-GAAP net income saw a significant increase to $68.341 million.
Annual contract value (ACV) grew 16% year over year (constant currency).
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
Pegasystems provided guidance for the year ended December 31, 2023, with revenue expected to be $1.4 billion and free cash flow expected to be $150 million.
Positive Outlook
- Annual contract value growth of 11% - 13%
- Revenue of $1.4 billion
- Diluted earnings per share of $0.02
- Cash provided by operating activities of $139 million
- Free cash flow of $150 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income