US7055731035 - Common Stock
PEGASYSTEMS INC
NASDAQ:PEGA (10/29/2024, 4:50:22 PM)
After market: 80.99 0 (0%)80.99
+0.69 (+0.86%)
Pegasystems, Inc. engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. The company is headquartered in Cambridge, Massachusetts and currently employs 5,406 full-time employees. Its Pega Infinity is a software portfolio, which helps connect enterprises to their customers in real-time across channels. Its applications and platform intersect with and encompass several software markets, including Customer Relationship Management; Digital Process Automation, including Business Process Management, Workflow, and Dynamic Case Management; Low-code application development platforms, including Multi-experience Development Platforms; Robotic Process Automation; Business Rules Management Systems; Decision Management, including predictive and adaptive analytics, and the Vertical-Specific Software market of industry solutions and packaged applications. The firm offers various services and support through its Global Client Success, Global Service Assurance and Client Support, and Pega Academy groups.
PEGASYSTEMS INC
One Main Street
Cambridge MASSACHUSETTS 02142
P: 16173749600
CEO: Alan Trefler
Employees: 5406
Website: https://www.pega.com/
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.
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