Pegasystems

Pegasystems, Inc. engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. Its product Pega Infinity helps connect enterprises to their customers in real-time across channels, streamline business operations, and adapt to meet changing requirements. The company was founded by Alan Trefler in 1983 and is headquartered in Cambridge, MA.

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Pegasystems excels in Q4 2022, poised for growth amid challenges

Pegasystems demonstrates robust financial performance, strategic focus on innovation, and client-centric approach, positioning the company for continued growth and success.
While facing challenges such as vendor consolidation trends and the need for relationship-building in key markets, Pega can leverage opportunities in optimizing sales strategies and expanding market share.
Clear communication on sales reorganization impact, term license dynamics, and strategic direction will be crucial for Pega to maintain investor confidence and capitalize on its strengths and growth potential.

Pegasystems excels in Q1 2023 with strong ACV growth and AI focus

Pegasystems demonstrates robust growth in Q1 2023, emphasizing AI innovation, cloud advancements, and financial discipline. The company faces challenges in subscription transitions and revenue lag but holds opportunities in AI efficiency and market expansion.

Pegasystems reports record cash flow and eyes AI monetization

Pegasystems (PEGA) showcases strong financial performance with record free cash flow and ACV growth, focusing on Rule of 40 balance.
Confidence in AI capabilities and ongoing innovation position Pega well for future growth and enterprise solutions revolution.
Challenges lie in client caution, economic concerns, and revenue strategy optimization, while opportunities abound in AI monetization and sales efficiency enhancements.
Pega's strategic focus on generative AI, Pega Cloud, and customer outcomes sets the stage for continued success and innovation in the market.

Pegasystems reports record cash flow and strong GenAI engagement

Pegasystems reported strong financial performance with record cash flow and double-digit ACV growth, aiming for a Rule of 40 balance between growth and profit.
The company showcased robust GenAI capabilities, engaged with major clients globally, and is focused on modernizing legacy applications and generative AI solutions.
While facing challenges with customer caution on digital transformations and partner exploration of generative AI, Pegasystems is well-positioned to capitalize on opportunities in AI adoption and cloud expansion.
By addressing AI risks, streamlining resources, and emphasizing client support, Pega is poised for continued growth and innovation in the evolving AI landscape.

Pegasystems reports robust 2023 results, eyes AI growth opportunities

Pegasystems' strong financial performance in 2023 and strategic focus on GenAI innovation position the company for continued growth and market leadership.
While facing challenges such as revenue lumpiness and macro uncertainties, Pega's emphasis on operational efficiency and client-centric solutions mitigates risks and drives resilience.
Opportunities in AI demand, go-to-market transformation, and partnership engagement offer avenues for expansion and differentiation in the evolving technology landscape.
Balancing financial metrics, addressing revenue normalization, and leveraging GenAI's potential for autonomous agents underscore Pega's commitment to innovation and sustainable growth.

Pegasystems reports strong Q1 performance, eyes growth through Gen AI

Pegasystems' Q1 2024 earnings call highlighted strong financial performance, successful product launches, and a positive outlook for leveraging Gen AI capabilities.
The company's focus on Pega Cloud gross margins, GenAI Blueprint, and partnerships underscores its commitment to innovation and growth.
Challenges in monetization, ACV bookings, and maintaining margins are balanced by opportunities in partner capabilities, expansion, and automation.
Overall, Pegasystems remains well-positioned to capitalize on the momentum and drive profitability through Gen AI solutions and strategic initiatives.

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PEGA is recommended as a buy due to growth acceleration and profitability improvement. Strong 2Q24 results show revenue growth and margin sustainability, indicating growth inflection. Market trends and PEGA's AI focus support continued growth acceleration and margin expansion, with the potential for valuation multiples to increase.

Pegasystems: At The Point Of Growth Inflection

Earnings were far better than expected. Pegasystems' annual contract value increased significantly in the quarter.

Why Pegasystems Stock Jumped Today

Pegasystems Inc (NASDAQ:PEGA ) Q2 2024 Results Conference Call July 24, 2024 8:00 AM ET Company Participants Peter Welburn - Vice President of Investor Relations Alan Trefler - Founder, CEO & Chairman of the Board Ken Stillwell - COO & CFO Conference Call Participants Steve Enders - Citi Kevin Kumar - Goldman Sachs Jacob Roberge - William Blair Pinjalim Bora - JPMorgan Rishi Jaluria - RBC Austin Cole - JMP Raimo Lenschow - Barclays Mark Schappel - The Benchmark Company Daniel Ives - Wedbush Operator Thank you for standing by my name is Celine, and I will be the conference operator today. At this time, I would like to welcome everyone to the Pegasystems 2Q 24' Earnings Call and Webcast.

Pegasystems Inc (PEGA) Q2 2024 Earnings Call Transcript

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform, today announced its latest milestone in advancing its federal agency capabilities by achieving FedRAMP® High Ready compliance and In Process status with the Department of Veterans Affairs for its Pega Cloud® for Government solution. With data breaches and malicious hacking on the rise, the federal government requires its cloud providers to uphold strict sec.

Pega Achieves In Process Status for FedRAMP's Highest Security Level for Cloud Services

The headline numbers for Pegasystems (PEGA) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Pegasystems (PEGA) Reports Q2 Earnings: What Key Metrics Have to Say

Pegasystems (PEGA) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.01 per share a year ago.

Pegasystems (PEGA) Q2 Earnings and Revenues Top Estimates

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, released its financial results for the second quarter of 2024. “Our approach to statistical AI and generative AI continues to be a significant differentiator,” said Alan Trefler, founder and CEO. “The offerings we've introduced, especially Pega GenAI Blueprint™, have captured the imagination of clients, prospects, and partners, allowing them to ide.

Pega GenAI Excitement Accelerates Growth in Q2 2024

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced recent industry recognition for its efforts to foster an inclusive, caring culture and provide a full range of benefits for employees. Pega understands its people are the driving force behind its growth, innovation, and client-first commitment, and strives to create a culture that empowers and supports all employees so they can cont.

Pega Recognized by Leading Industry Programs for Inclusive Culture and Comprehensive Benefits

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CAMBRIDGE, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced it will report financial results for the second quarter of 2024 on Wednesday, July 24, 2024, after market close. A conference call and audio-only webcast will be conducted at 8:00 a.m. EDT on Thursday, July 25, 2024. Members of the public and investors are invited to join the call and participate in the question and answer session b.

Pega to Announce Financial Results for the Second Quarter of 2024 and Host Conference Call and Webcast

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CAMBRIDGE, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today published its annual Impact Report. The report provides a view into Pega's 2023 progress, developments, and contributions in its ESG (Environmental, Social, and Governance) programs. 2023 was a year of change with the emergence of generative AI and continued shifts in the way people work. Pega's latest Impact Report demonstrates our ability t.

Pega 2023 Global Impact Report Highlights Continued Commitment to Environmental, Social, and Governance Initiatives

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CAMBRIDGE, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced a quarterly cash dividend of $0.03 per share, maintaining the company's current dividend program. The Q3 2024 dividend will be paid on July 15, 2024, to shareholders of record as of July 1, 2024. About Pega Pega provides a powerful platform that empowers the world's leading organizations to unlock business-transforming outcomes with.

Pega Announces Quarterly Cash Dividend for Third Quarter of 2024

SAN DIEGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Pegasystems Inc. Securities Settlement: UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS In re PEGASYSTEMS INC. SECURITIES LITIGATION   No. 1:22-cv-11220-WGY   SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION TO: ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED THE COMMON STOCK OF PEGASYSTEMS INC. (“PEGA”) BETWEEN JUNE 16, 2020 AND MAY 9, 2022, INCLUSI.

Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the Pegasystems Inc. Securities Litigation

LAS VEGAS--(BUSINESS WIRE)--The rapid rise of creative ‘right-brain' generative AI has opened the door to greater adoption of the more analytical ‘left-brain' AI decisioning solutions by global businesses, according to new research from Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider. The study, conducted by research firm Savanta, was unveiled at PegaWorld® iNspire, the company's annual conference in Las Vegas. It surveyed more th.

Gen AI Inspiring Greater Enterprise Adoption of Other AI Types, Says Research

LAS VEGAS--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced an expansion of its Pega GenAI™ capabilities to connect to Amazon Web Services (AWS) and Google Cloud's Large Language Models (LLMs). The additions are designed to allow Pega clients to effectively leverage the integration of generative AI technologies powered by AWS and Google Cloud into the decisions and workflows within Pega Platform. T.

Pega to Expand GenAI Framework with Google Cloud & AWS, to Allow for Enterprise Generative AI Choice

LAS VEGAS--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced the winners of the 2024 Pega Partner Innovation Awards at its annual PegaWorld® iNspire user conference. The awards recognize Pega partners with an ability to deliver exceptional client outcomes through Pega's low-code platform for AI-powered decisioning and workflow automation. Pegasystems partners with a global ecosystem of best-in-class.

Pega Honors Partners at PegaWorld 2024 for Driving Success and Accelerating Growth

LAS VEGAS--(BUSINESS WIRE)---- $PEGA #CorporateLearning--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today at PegaWorld® iNspire launched Pega GenAI Socrates™– a first-of-its-kind generative AI tutor that dynamically teaches core Pega skills to clients and partners. In a radical departure from traditional online corporate learning, Pega GenAI Socrates fosters an interactive dialogue that constantly adapts to each student's vertical industry, skill level,.

Pega Transforms Corporate Learning with Pega GenAI Socrates

LAS VEGAS--(BUSINESS WIRE)---- $PEGA #AppDesign--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today at PegaWorld® iNspire introduced a powerful set of new enhancements and an improved user interface for Pega GenAI Blueprint™ – the revolutionary app design-as-a-service tool that empowers organizations to reimagine their mission-critical workflows. These new features make innovation easy so anyone can go from app idea to functional app design expone.

Pega Enhances the Power of Pega GenAI Blueprint to Accelerate Transformational App Design

LAS VEGAS--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced the recipients of the Pega Industry Awards at its annual conference, PegaWorld iNspire, taking place this week in Las Vegas. The awards program recognizes organizations and individuals using Pega's technology to drive exemplary digital transformation and customer engagement. The Pega Industry Awards recognize organizations and individuals.

Pega Industry Awards Honor Outstanding Organizations and Individuals Driving Industry-Transforming Innovation

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced that an in-person Investor Session will be held at PegaWorld iNspire 2024 at the MGM Grand in Las Vegas, Nevada, hosted by Ken Stillwell, COO and CFO, Pega. The Investor Session is scheduled for Monday, June 10, 2024, at 12:00 p.m. PDT (3:00 p.m. EDT) and will be available live via webcast at https://app.webinar.net/94m85OY0lKa. A r.

Pega to Hold Investor Session at PegaWorld iNspire 2024

LONDON--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced a strengthened relationship with HMRC, the UK's tax authority. HMRC signed a new five-year agreement that expands their use of Pega software and underscores Pega's commitment to supporting HMRC's digital transformation journey. Pega software has been used by the Authority to simplify and personalise customer experience for many years. The new.

Pega Extends Relationship with HMRC Through Customer Engagement Enterprise Agreement

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