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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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.

Pega Announces Enhancements to Partner Program

The next 10 years will see a significant shift towards adoption of AI and automation to improve enterprise agility, driven by inefficiencies in legacy technologies LAS VEGAS , June 12, 2023 /PRNewswire/ -- The majority of global decision makers say they plan to fully embrace the autonomous enterprise within the next 10 years, 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 600 business decision makers worldwide on their understanding of the autonomous enterprise, their plans for implementation, and some of its drivers.

The Age of the Autonomous Enterprise is Coming, Says Research

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SAN FRANCISCO--(BUSINESS WIRE)--Abnormal has announced that Pegasystems is using Abnormal to eliminate its secure email gateway (SEG), reduce costs, and improve security.

Pegasystems Displaces SEG for Better Email Security at a Lower Cost with Abnormal Security

Built on a future-ready architecture, new AI-powered capabilities boost developer productivity, marketing effectiveness, and more CAMBRIDGE, Mass. , May 23, 2023 /PRNewswire/ -- Pegasystems Inc.  (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced Pega GenAI™ – a set of 20 new generative AI-powered boosters to be integrated across Pega Infinity™ '23, the latest version of Pega's product suite built on its low-code platform for AI-powered decisioning and workflow automation.

Pega Announces Pega GenAI to Infuse Generative AI Capabilities in Pega Infinity '23

CAMBRIDGE, Mass. , May 22, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced that an in-person Investor Session will be held at PegaWorld iNspire 2023 in Las Vegas, Nevada hosted by Ken Stillwell, COO and CFO, Pega.

Pega to Hold Investor Session at PegaWorld iNspire 2023

Nine additional Pega professionals recognized by CRN for IT channel impact and growth CAMBRIDGE, Mass. , May 22, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced that CRN ® , a brand of The Channel Company, has named Judy Buchholz, senior vice president of global partner ecosystem, Pegasystems, to its 2023 list of Channel Chiefs.

Judy Buchholz of Pega Named to CRN's 2023 Channel Chiefs List

Pegasystems has exhibited strong ACV growth and surpassed its own growth guide. PEGA's model-driven approach and integration of generative AI technology give it a competitive edge in the market.

Pegasystems: Valuation Remains Attractive At 2.8x Forward Revenue

Integrated AI-powered capabilities make it easier to continuously find and fix business process inefficiencies CAMBRIDGE, Mass. , May 9, 2023 /PRNewswire/ -- Pegasystems Inc.  (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced the launch of Pega Process Mining, which will make it easier for Pega users of all skill levels to find and fix process inefficiencies hindering their business operations.

Pega Launches Pega Process Mining with Generative AI-Ready APIs to Enable Continuous Workflow Optimization

CAMBRIDGE, Mass. , May 8, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today published its annual Impact Report.

Pega 2022 Global Impact Report Highlights Continued Commitment to Environmental, Social, and Governance Initiatives

Pegasystems Inc. (PEGA) Q1 2023 Earnings Call Transcript.

Pegasystems Inc. (PEGA) Q1 2023 Earnings Call Transcript

Pegasystems (PEGA) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.59 per share a year ago.

Pegasystems (PEGA) Misses Q1 Earnings and Revenue Estimates

Annual contract value (ACV) grows 15% year over year (constant currency) Focus on profitable growth leads to significant cash generation Pega Cloud gross margin reaches 72% CAMBRIDGE, Mass. , April 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 first quarter of 2023.

Pega's Focus on Client Success Drives Strong Results in Q1 2023

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CAMBRIDGE, Mass. , April 5, 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 first quarter of 2023 on Wednesday, April 26, 2023, after market close.

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

Dr. Guttmann appointed as VP of engineering, decisioning & AI CAMBRIDGE, Mass. , April 5, 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 Dr. Christian Guttmann as vice president of engineering, decisioning & AI.

Accomplished AI Leader Dr. Christian Guttmann Joins Pega to Accelerate Artificial Intelligence Innovations

New capabilities enable Pega clients to operate on the most current Pega solutions with zero downtime CAMBRIDGE, Mass. , March 28, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced updates to Pega Cloud ™ supported by an enhanced Global Operations Center to deliver a more scalable, reliable, and secure foundation for its suite of AI-powered decisioning and workflow automation solutions.

Pega Cloud Enhancements Improve Speed, Scalability, and Agility for Optimal Business Performance

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Industry leaders to share how they leverage Pega to transform their organizations to deliver better customer and employee experiences CAMBRIDGE, Mass. , March 21, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced keynote speakers for PegaWorld iNspire, Pega's annual conference to be held at the MGM Grand in Las Vegas, NV, from June 11-13, 2023.

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