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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Latest innovations in Pega's software bring a new level of intelligence to low code, helping users increase productivity and make better decisions CAMBRIDGE, Mass. , Oct. 18, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced the latest edition of its  Pega Infinity™ software suite to help transform how organizations quickly deploy apps, create smarter workflows, and deliver better experiences for employees and customers.

Pega Expands AI Capabilities so Enterprise Users can Work Faster and Smarter to Drive Real Results

CAMBRIDGE, Mass. , Oct. 12, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform that builds agility into the world's leading organizations, today announced that it will report financial results for the third quarter of 2022 on Wednesday, October 26, 2022, after market close.

Pega to Announce Financial Results for the Third Quarter of 2022 via Conference Call and Webcast

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CAMBRIDGE, Mass. , Oct. 5, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced Pega Government LLC, a new corporate entity uniquely positioned to service the product requirements and compliance demands for United States government clients.

Pega Establishes New Government Entity to Better Serve US Federal and Defense Agencies

Latest release helps users of any skill level quickly automate tedious tasks CAMBRIDGE, Mass. , Oct. 4, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced the latest release of Robot Studio, the robotic process automation (RPA) low-code authoring environment for Pega's intelligent automation platform.

Pega helps make it fast and simple to build RPA bots with its revamped low-code Robot Studio

Organizations realize they must invest in transformational solutions to optimize the customer experience or risk losing out to competitors CAMBRIDGE, Mass. , Oct. 3, 2022 /PRNewswire/ -- Business leaders are doubling down on pre-emptive customer service technology to help meet the demands of less loyal and more digital savvy customers, according to new research by Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations.

Businesses Move to Combat Waning Customer Loyalty with Pre-Emptive Service Technology, Says Pega Study

Pega receives highest product scores for B2B, B2C, and Indirect/Relationship Sales Use Cases CAMBRIDGE, Mass. , Sept. 27, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced it has been recognized by Gartner, Inc., in its 2022 Gartner Critical Capabilities for Sales Force Automation (1) report.

Pega Recognized as the Highest Ranked Vendor by Gartner® in 2022 Critical Capabilities for Sales Force Automation

Investors ran from tech stocks on a down week for the market.

Why Pegasystems Stock Fell This Week

Organizations can maximize their data by easily integrating Pega's AI with top CDPs from Adobe, Celebrus, and ZineOne CAMBRIDGE, Mass. , Sept. 20, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced Pega Customer Data Connectors that enable clients to easily connect their existing customer data platforms (CDPs) and other signal providers to Pega Customer Decision Hub™.

Pega Introduces Pega Customer Data Connectors for Deeper, AI-Powered Data Analysis and Better Customer Outcomes

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CAMBRIDGE, Mass., Sept. 16, 2022 /PRNewswire/ --  Pegasystems Inc.  (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, 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 2022

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Pegasystems to pay Appian additional $23.6 million in legal fees for willful and malicious misappropriation of trade secrets MCLEAN, Va. , Sept. 16, 2022 /PRNewswire/ -- Appian (NASDAQ: APPN) announced today that the Circuit Court for Fairfax County, Virginia entered a final judgment awarding it $2.036 billion in damages from Pegasystems Inc. (NASDAQ: PEGA) for trade secret misappropriation.

Appian: Judge Rejects Pegasystems Motion to Overturn $2 Billion Jury Verdict

Credit Union accelerates and simplifies processes to better serve members and support employees with Pega CRM solution CAMBRIDGE, Mass. , Sept. 13, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced First Tech Federal Credit Union (First Tech), the nation's ninth-largest credit union, deployed Pega Customer Service for Financial Services™ to help enhance member and employee experiences.

First Tech Federal Credit Union Uses Pega to Help Drive Efficiency Across Business Operations and Customer Experiences

CAMBRIDGE, Mass. , Aug. 16, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced the appointment of Naznine Tilak as vice president of learning, development, and diversity, equity, inclusion, and belonging (DEI&B).

Pega Appoints Naznine Tilak as Vice President of Learning, Development, and Diversity, Equity, Inclusion, and Belonging

Wilmington, Delaware--(Newsfile Corp. - August 12, 2022) - Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Pegasystems Inc. (NASDAQ: PEGA) on behalf of stockholders.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-pegasystems-inc.To contact Seth D. Rigrodsky or Gina M. Serra cost free, call or text (302) 295-5310 or email info@rl-legal.com.Rigrodsky Law, P.A.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Pegasystems Inc.

Developers of all skill levels invited to compete in creating innovative apps that help solve business and social challenges using Pega's low-code platform CAMBRIDGE, Mass. , Aug. 9, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced its 2022 Pega Community Hackathon is now open for registration.

Pega to Hold Third Annual Global Hackathon for Citizen and Professional App Makers

Pega recognized for its client-first, partner-centric strategy demonstrating pipeline growth and value delivery for clients CAMBRIDGE, Mass. , Aug. 3, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced it has received the Partner of the Year Award from Virtusa.

Pega Named 2022 Partner of the Year by Virtusa

CAMBRIDGE, Mass. , August 2, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced the appointment of Dr. Kikelomo (Dayo) Belizaire as its first chief medical officer.

Dr. Kikelomo Belizaire Joins Pega as the Company's First Chief Medical Officer

Poor second-quarter performance sent the company's shares tumbling.

Why Pegasystems Stock Fell Hard Today

Pegasystems Inc. (NASDAQ:PEGA ) Q2 2022 Earnings Conference Call July 27, 2022 5:00 PM ET Company Participants Alan Trefler - Founder and CEO Kenneth Stillwell - CFO Conference Call Participants Rishi Jaluria - RBC Steve Koenig - SMBC Nikko Vinod Srinivasaraghavan - Barclays Kevin Kumar - Goldman Sachs Joseph Meares - Truist Mark Schappel - Loop Capital Joey Marincek - JMP Securities Operator Good day, and welcome to the Pega Earnings Call. Today's conference is being recorded.

Pegasystems Inc. (PEGA) CEO Alan Trefler on Q2 2022 Results - Earnings Call Transcript

Pegasystems (PEGA) delivered earnings and revenue surprises of -1,166.67% and 19.64%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Pegasystems (PEGA) Reports Q2 Loss, Misses Revenue Estimates

New product will help application providers open new revenue streams by bringing powerful workflow-based SaaS apps to market CAMBRIDGE, Mass. , July 27, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced Pega Launchpad™ – a new cloud-based, low-code application development platform that will empower anyone to quickly build and launch B2B Software as a Service (SaaS) applications for commercialization.

Pega Introduces Pega Launchpad to Empower Users to Build and Monetize New B2B SaaS Apps

Total revenue increases to $651 million in first six months of 2022 Annual contract value grows 14 percent (19 percent in constant currency) Total backlog of $1.1 billion as of June 30, 2022 CAMBRIDGE, Mass. , July 27, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, released its financial results for the second quarter of 2022.

Client Adoption Drives Pega Cloud to 70% of New Client Commitments in First Half of 2022

Pega receives top score out of 11 vendors in current offering category CAMBRIDGE, Mass. , July 27, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced Forrester Research has named Pega a Leader in The Forrester Wave™: Core CRM Solutions, Q3 2022 report (1).

Pega Named a Leader in Core CRM Solutions by Independent Research Firm

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