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's world-class intelligent automation and generative AI helps financial institutions more efficiently orchestrate rising number of cases 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 the Pega Financial Crime and Alerts Investigation Management Accelerator, a new solution that helps financial institutions manage the rising number of risk alerts and more efficiently orchestrate investigations.

New Pega Accelerator Helps Financial Institutions Streamline Financial Crimes Investigations

Pega receives highest scores for B2B, B2C, and Indirect/Relationship Sales Use Cases for third consecutive year CAMBRIDGE, Mass. , Oct. 4, 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 recognized by Gartner, Inc., in its 2023 Gartner Critical Capabilities for Sales Force Automation Platforms (1) report.

Pega Recognized as the Highest Ranked Vendor by Gartner® in 2023 Critical Capabilities for Sales Force Automation Platforms

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Herein we discuss some hot events of 2023 so far in detail along with some stocks that investors can tap to make the most of the trends.

Stocks to Tap the Hot Wall Street Stories

Latest version of market-leading disputes management solution helps banks speed case resolutions CAMBRIDGE, Mass., Sept. 26, 2023 /PRNewswire/ --  Pegasystems Inc.  (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced new enhancements in Pega Smart Dispute™ to help retail banks streamline time-consuming chargeback processes.

Pega Infuses AI into Pega Smart Dispute to Streamline Chargeback Processes

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CAMBRIDGE, Mass., Sept. 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 Fourth Quarter of 2023

New generative AI capabilities will help businesses operationalize agility to become more autonomous enterprises CAMBRIDGE, Mass. , Sept. 13, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced the general availability of Pega Infinity™ '23.

Pega Infinity '23 Now Available to Unlock Deeper Levels of AI and Automation for Self-Optimizing Experiences

Ms. Pratt appointed as general manager of the US government sector at Pega CAMBRIDGE, Mass. , Sept. 12, 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 appointed Jen Pratt as general manager of the US government sector.

Jen Pratt Joins Pega to Oversee Continued Success for Government Clients

Pegasystems shares rose Monday as Wedbush analysts added the enterprise software company to its Best Ideas List.  The firm also maintained its Outperform rating and $65 price target.

Pegasystems is an 'under-the-radar AI play," analyst says

While the top- and bottom-line numbers for Pegasystems (PEGA) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Pegasystems (PEGA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Pegasystems (PEGA) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.38 per share a year ago.

Pegasystems (PEGA) Lags Q2 Earnings and Revenue Estimates

Operating cash flow exceeds $110 million (Free Cash Flow exceeds $120 million) Annual contract value (ACV) grows 13% year over year Pega Cloud gross margin expands to 73% CAMBRIDGE, Mass. , July 26, 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 second quarter of 2023.

Pega Delivers Record Cash Flow in the First Half of 2023

Pegasystems Inc. provides a range of workflow automation software to organizations. The firm has seen strong client interest in its AI-enhanced products and plans for integration to generative AI. However, 2023's revenue growth will likely be less than 2022's growth vs. 2021, so I remain Neutral [Hold] on Pegasystems Inc. in the near term.

Pegasystems Has AI-Related Upside Potential But Customers Grow Timid

CAMBRIDGE, Mass. , July 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 it will report financial results for the second quarter of 2023 on Wednesday, July 26, 2023, after market close.

Pega to Announce Financial Results for the Second Quarter of 2023 via Conference Call and Webcast

Pega honored for the second consecutive year for its dedication to disability inclusion and equality in the workplace CAMBRIDGE, Mass. , July 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 has been recognized as a Best Place to Work for Disability Inclusion in the Disability Equality Index (DEI), which is considered one of the most comprehensive benchmarking tools to measure workplace inclusion.

Pega Recognized as a Best Place to Work for Disability Inclusion in the Disability Equality Index®

Pegasystems (PEGA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Pegasystems (PEGA) Surges 14.1%: Is This an Indication of Further Gains?

An analyst at Wedbush upgraded his rating on the low-code software specialist. The analyst also increased his price target for the stock and issued some encouraging earnings targets.

Why Pegasystems Stock Is Soaring Today

Pegasystems Inc. PEGA, -0.65% stock is up 4.4% in premarket trades Wednesday after Wedbush upgraded the business software company to outperform from neutral and raised its price target to $65 a share from $50. Analyst Daniel Ives said the upgrade reflects “incrementally better field checks and an under-the-radar artificial intelligence (AI) story that is now starting to form.

Pegasystems stock rises after Wedbush upgrade to outperform

CAMBRIDGE, Mass., June 16, 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 Third Quarter of 2023

Research highlights confidence in AI to improve customer experience even as broader trust issues linger LAS VEGAS , June 13, 2023 /PRNewswire/ -- Consumers have confidence in artificial intelligence (AI) as a tool for transforming their customer experiences but have growing concerns over AI's increased prevalence in other disciplines, according to new research from  Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®. The study, conducted by research firm Savanta and unveiled at PegaWorld® iNspire , the company's annual conference in Las Vegas, surveyed 5,000 consumers worldwide on their views around AI, its continued evolution, and the ways in which they interact with the technology.

Study Finds Consumers Conflicted on Use of Artificial Intelligence

New option gives Pega Cloud clients multi-cloud flexibility LAS VEGAS , June 13, 2023 /PRNewswire/ --  Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today at PegaWorld® iNspire announced the availability of its Pega Cloud™ solutions on Google Cloud  as a fully managed as-a-service offering. This provides Pega Cloud clients with a highly scalable and secure cloud solution to manage and drive Pega's low-code platform for AI-powered decisioning and workflow automation solutions across their organization.

Pega Cloud Now Available For Deployment on Google Cloud

Innovations will help enterprises accelerate development, optimize processes, and create effortless experiences for employees and customers LAS VEGAS , June 12, 2023 /PRNewswire/ --  Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced at the PegaWorld® iNspire annual conference the latest edition of its Pega Infinity™ software suite with new features that will accelerate low-code development, continuously optimize existing processes, and create effortless experiences for employees and customers alike. These new capabilities will help organizations on their path toward becoming an autonomous enterprise so they can innovate faster, increase productivity, and personalize customer experiences while reducing costs and manual work.

Pega Infinity '23 Enhanced with New AI and Automation Capabilities to Power the Autonomous Enterprise

Eleventh annual awards honor partners' most strategic digital transformation for clients LAS VEGAS , June 12, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced the winners of the 2023 Pega Partner Innovation Awards at its annual PegaWorld® iNspire user conference. The awards recognize Pega partners with an outstanding ability to deliver exceptional client outcomes through Pega's low-code platform for AI-powered decisioning and workflow automation.

Pega Honors Partners at PegaWorld 2023 for Driving Success and Accelerating Growth

PegaWorld's annual awards ceremony honors clients using Pega solutions to drive positive business outcomes. LAS VEGAS , June 12, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced the recipients of the Pega Industry Awards at its annual conference, PegaWorld iNspire, taking place this week in Las Vegas.

Pega Industry Awards Recognize Exceptional Organizations and Individuals Revolutionizing Customer Engagement Through Digital Innovation

Updated framework aims to fuel partner services growth and improve project delivery for better client outcomes LAS VEGAS , June 12, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced at PegaWorld® iNspire new enhancements to Pega Partners – the Pega program dedicated to qualifying partners to help clients rapidly accelerate their digital transformation initiatives when working with skilled partners. The updates to the program will provide clients with greater choice of partner capabilities in how they extend, expand, and evolve their Pega Platform™ investments.

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