US7055731035 - Common Stock
IT project management software company, Atlassian (NASDAQ:TEAM) will be reporting results tomorrow afternoon. Here’s what to expect.
The major indexes were mixed for the week.
Shares of enterprise workflow software provider Pegasystems (NASDAQ:PEGA) jumped 12.6% in the morning session after the company reported third-quarter earnings. While both ACV (annual contract value) and RPO (remaining performance obligations - leading revenue indicator) were ahead, revenue missed slightly. ACV and RPO tend to get more attention than reported revenue, given the nuances in Pegasystems contracts and how it sells its software. Adjusted EPS also beat. Overall, this was a mixed quarter, with some key KPIs coming in ahead of expectations.
Enterprise workflow software provider Pegasystems (NASDAQ:PEGA) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 2.9% year on year to $325.1 million. Its non-GAAP profit of $0.39 per share was 16.2% above analysts’ consensus estimates.
The company blew past second-quarter estimates.
PEGA stock results show that Pegasystems beat analyst estimates for earnings per share and beat on revenue for the second quarter of 2024.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Pegasystems (NASDAQ:PEGA) just reported results for the second quarter of 2024....
As the Q1 earnings season wraps, let's dig into this quarter's best and worst performers in the automation software industry, including Pegasystems (NASDAQ:PEGA) and its peers.
Reconsider investments in three AI stocks to sell due to vulnerabilities and strategic shifts impacting their market positions.