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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LOS ANGELES, CA / ACCESSWIRE / February 8, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ:PEGA) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Pegasystems board breached its fiduciary duties to shareholders.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Pegasystems Inc. and Encourages Investors to Contact the Firm

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced that Judy Buchholz, senior vice president of global partner ecosystem at Pega, has been named to the 2024 CRN® Channel Chiefs list by CRN®, a brand of The Channel Company, for the second consecutive year. This annual list recognizes the IT vendor and distribution executives who are driving strategy and setting the channel agenda for.

Pega's Judy Buchholz Recognized as 2024 CRN ® Channel Chief

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced recent accolades recognizing client successes, product innovation, and a culture of excellence. These wins reflect Pega's continued innovation, leadership, and commitment to fostering better experiences for its people, clients, and partners. Clients and Products: Anthem Awards – Pega was named a bronze winner in the responsible tech.

Pega's Clients, Culture, and Market Leadership Recognized for Continued Excellence

Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced it will report financial results for the fourth quarter and fiscal year 2023 on Wednesday, February 14, 2024, after market close.

Pega to Announce Financial Results for the Fourth Quarter and Fiscal Year 2023 and Host Conference Call and Webcast

LOS ANGELES, CA / ACCESSWIRE / January 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ:PEGA) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Pegasystems board breached its fiduciary duties to shareholders.

IMPORTANT INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Pegasystems Inc. and Encourages Investors to Contact the Firm

PHILADELPHIA , Jan. 22, 2024 /PRNewswire/ -- Investor protection law firm Kaskela Law LLC announces that it is investigating Pegasystems Inc. (NASDAQ: PEGA) on behalf of the company's long-term investors. Recently an amended securities fraud complaint was filed against Pegasystems on behalf of certain investors who purchased shares of the company's stock between June 16, 2020 and May 9, 2022.

PEGA INVESTIGATION ALERT: Kaskela Law LLC Announces Shareholder Investigation of Pegasystems Inc. (NASDAQ: PEGA) and Encourages Long-Term PEGA Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ:PEGA) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Pegasystems board breached its fiduciary duties to shareholders.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Pegasystems Inc. and Encourages Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ:PEGA) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Pegasystems board breached its fiduciary duties to shareholders.

IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Pegasystems Inc. and Encourages Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ:PEGA) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Pegasystems board breached its fiduciary duties to shareholders.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Pegasystems Inc. and Encourages Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / December 29, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ:PEGA) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Pegasystems board breached its fiduciary duties to shareholders.

IMPORTANT INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Pegasystems Inc. and Encourages Investors to Contact the Firm

Annual independent report benchmarks progress on LGBTQ+ workplace equality CAMBRIDGE, Mass. , Dec. 21, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced that the Human Rights Campaign Foundation has included Pega in its annual Corporate Equality Index, which serves as one of the premier benchmarks for measuring corporate policies and practices related to LGBTQ+ workplace equality.

Pega Earns High Marks in Human Rights Campaign Foundation's 2023 Corporate Equality Index for Second Consecutive Year

LOS ANGELES, CA / ACCESSWIRE / December 20, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ:PEGA) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Pegasystems board breached its fiduciary duties to shareholders.

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Pegasystems Inc. and Encourages Investors to Contact the Firm

PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating potential legal claims on behalf of Pegasystems Inc. (NASDAQ: PEGA) long-term shareholders. Recently an amended securities fraud complaint was filed against Pegasystems on behalf of certain investors who purchased shares of the company's stock between June 16, 2020 and May 9, 2022. According to the complaint, during that time period Pegasystems and certain of its senior executives and employees “engaged in a syste.

PEGASYSTEMS INVESTIGATION NOTICE: Kaskela Law LLC Announces Investigation of Pegasystems Inc. (PEGA) and Encourages Long-Term Investors to Contact the Firm

CAMBRIDGE, Mass. , Dec. 15, 2023 /PRNewswire/ -- Pegasystems Inc.  (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced a quarterly cash dividend of $0.03 per share, maintaining the company's current dividend program.

Pega Announces Quarterly Cash Dividend for First Quarter of 2024

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LOS ANGELES, CA / ACCESSWIRE / December 14, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ:PEGA) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Pegasystems board breached its fiduciary duties to shareholders.

IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Pegasystems Inc. and Encourages Investors to Contact the Firm

Pega's AI and automation-powered customer service solution helps service teams work smarter to create optimal experiences during every interaction CAMBRIDGE, Mass. , Dec. 13, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced it has been named a Leader in the Gartner Magic Quadrant for the CRM Customer Engagement Center (1) for the 11th consecutive time.

Pegasystems Named a Leader in Gartner® Magic Quadrant™ for the CRM Customer Engagement Center for 11th Consecutive Time

LOS ANGELES, CA / ACCESSWIRE / December 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ:PEGA) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Pegasystems board breached its fiduciary duties to shareholders.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Pegasystems Inc. and Encourages Investors to Contact the Firm

Does Pegasystems (PEGA) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Pegasystems (PEGA) a Strong Momentum Stock: Buy Now?

Pegasystems achieved strong revenue growth in Q3, driven by strength in term licenses. The company's profitability and free cash flow generation were strong in 3Q23. Pegasystems' focus on aligning spending with growth drivers and cost discipline positions it for margin expansion.

Pegasystems: FCF Performance Was Solid

Specialist UK savings and lending bank expands use of Pega to triple underwriter output and accelerate mortgage offers READING, UK , Nov. 13, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change® , today announced that Shawbrook, a UK-based specialist savings and lending bank, has deployed Pega Platform™ to transform its buy-to-let mortgage underwriting process. Shawbrook continues to invest in its unique business model and best-of-both capabilities, combining the intelligent use of technology to enhance human judgment and to automate where it makes sense to do so.

Pega Helps Shawbrook Cut Mortgage Processing Times in Half

Pegasystems, Inc. (NASDAQ:PEGA ) Q3 2023 Results Conference Call October 26, 2023 8:00 AM ET Company Participants Peter Welburn - Vice President, Corporate Development and IR Alan Trefler - Founder, CEO and Chairman of the Board Kenneth Stillwell - COO and CFO Conference Call Participants Steve Enders - Citi Pinjalim Bora - JPMorgan Jake Roberge - William Blair Kevin Kumar - Goldman Sachs Rishi Jaluria - RBC Raimo Lenschow - Barclays Mark Schappel - Loop Capital Markets Joe Meares - Truist Securities Fred Havemeyer - Macquarie Blair Abernethy - Rosenblatt Securities Operator Greetings, and welcome to the Pegasystems Third Quarter 2023 Earnings Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Pegasystems, Inc. (PEGA) Q3 2023 Earnings Call Transcript

Pegasystems (PEGA) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.34 per share a year ago.

Pegasystems (PEGA) Q3 Earnings and Revenues Beat Estimates

Operating cash flow reaches $138 million through Q3 2023 (free cash flow reaches $124 million) Pega Cloud gross margin continues to improve, reaching 74% through Q3 2023 Annual contract value grows 12% year over year (10% in constant currency) CAMBRIDGE, Mass. , Oct. 25, 2023 /PRNewswire/ -- Pegasystems Inc., the low-code platform provider empowering the world's leading enterprises to Build for Change ®, released its financial results for the third quarter of 2023.

Pega Drives Record Cash Flow Through Q3 2023

CAMBRIDGE, Mass. , Oct. 11, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced it will report financial results for the third quarter of 2023 on Wednesday, October 25, 2023, after market close.

News for Pegasystems Stock (PEGA)