CAMBRIDGE, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced it will report financial results for the fourth quarter and fiscal year 2023 on Wednesday, February 14, 2024, after market close. A conference call and audio-only webcast will be conducted at 8:00 a.m. EST on Thursday, February 15, 2024. Members of the public and investors are invited to join the call and participate in the question-and-answer ...

Annual independent report benchmarks progress on LGBTQ+ workplace equality CAMBRIDGE, Mass., Dec. 21, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced that the Human Rights Campaign Foundation has included Pega in its annual Corporate Equality Index, which serves as one of the premier benchmarks for measuring corporate policies and practices related to LGBTQ+ workplace equality. This year, Pe ...

Pegasystems, Inc. (NASDAQ:PEGA) Q3 2023 Results Conference Call October 26, 2023 8:00 AM ET Company Participants Peter Welburn - Vice President, Corporate Development and IR Alan Trefler - Founder, CEO and Chairman of the Board Kenneth Stillwell - COO and CFO Conference Call Participants Steve Enders - Citi Pinjalim Bora - JPMorgan Jake Roberge - William Blair Kevin Kumar - Goldman Sachs Rishi Jaluria - RBC Raimo Lenschow - Barclays Mark Schappel - Loop Capital Markets Joe Meares - Truist Securities Fred Ha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q _____________________________________ ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 1-11859 ____________________________ PEGASYSTEMS INC. (Exact name of Registrant as specified in its chart ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q _____________________________________ ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 1-11859 ____________________________ PEGASYSTEMS INC. (Exact name of Registrant as specified in its charter) _ ...

Pegasystems Inc. (NASDAQ:PEGA) Q1 2023 Earnings Conference Call April 26, 2023 5:00 PM ET Company Participants Kenneth Stillwell - CFO Alan Trefler - CEO Conference Call Participants Kevin Kumar - Goldman Sachs Steve Enders - Citi Richard Poland - RBC Capital Markets Pinjalim Bora - JP Morgan Steve Koenig - SMBC Nikko Joe Mearus - Truist Jake Roberge - William Blair Vinod Srinivasaraghavan - Barclays Operator Greetings, and welcome to the Pegasystems First Quarter 2023 Earnings Results. [Operator Instructio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q _____________________________________ ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2023 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 1-11859 ____________________________ PEGASYSTEMS INC. (Exact name of Registrant as specified in its charter) ...

Financial Data and Key Metrics Changes - The company reported a 16% year-over-year growth in annual contract value (ACV) in constant currency, reaching $1.1 billion, with a reported growth of 13% [18] - Non-GAAP EPS reached $0.72, an increase of over 200% year-over-year, driven by disciplined expense management, particularly in sales and marketing [19][55] - Pega Cloud gross margin improved approximately 300 basis points to 70%, attributed to increased scale and innovation in cloud architecture [19][56] Business Line Data and Key Metrics Changes - Subscription revenue exceeded $1 billion in 2022, representing 81% of total revenue, up from around 50% a few years ago [52] - Pega Cloud ACV reached $455 million, an increase of over $90 million, with over 60% of new client commitments coming from Pega Cloud deals in 2022 [53] Market Data and Key Metrics Changes - The worldwide market for low-code development technologies is projected to total $27 billion in 2023, an increase of nearly 20% from 2022 [9] - The company is focusing on existing clients, with over 90% of ACV growth expected to come from this segment in 2023 [75] Company Strategy and Development Direction - The company aims to become a Rule of 40 company, focusing on balancing ACV growth and free cash flow margin [38][64] - The strategy emphasizes digital transformation and enterprise automation, which are critical for clients in the current economic environment [24][25] - The company is enhancing its low-code platform and has introduced Pega LaunchPad, a new cloud-based low-code application development platform [32][91] Management's Comments on Operating Environment and Future Outlook - Management anticipates a challenging year in 2023 due to economic indicators but believes the company's focus on existing clients will provide resilience [26][34] - The company expects significant improvements in free cash flow in 2023 and 2024, with a projection of $150 million in free cash flow for 2023 [40][59] Other Important Information - The company announced a 4% reduction in its global workforce, expected to result in over $75 million in net savings [39] - The annual Investor Day is scheduled for June 12, 2023, during PegaWorld, where updates on strategy and financials will be provided [63] Q&A Session Summary Question: How much of the ACV growth is due to the sales reorganization? - Management noted that the sales reorganization has led to better engagement with existing clients, which is crucial for future growth [44][45] Question: What are the assumptions behind the ACV growth guidance? - The guidance reflects a cautious approach due to economic uncertainties, with expectations of longer deal cycles and lower close rates [58][92] Question: Have there been any changes in market dynamics? - Management indicated that larger companies are focusing on vendor consolidation, which could benefit Pega as clients seek to streamline their technology stack [110][116]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-K ____________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT of 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT of 1934 Commission File No. 1-11859 ____________________ PEGASYSTEMS INC. (Exact name of Registrant as specified in its charter) ____________________ (617) ...

Pegasystems Inc. (NASDAQ:PEGA) Q3 2022 Earnings Conference Call October 26, 2022 5:00 PM ET Company Participants Alan Trefler - Founder & CEO Kenneth Stillwell - COO & CFO Conference Call Participants Kevin Kumar - Goldman Sachs Steven Enders - Citi Noah Herman - JPMorgan Joe Meares - Truist Steven Koenig - SMBC Nikko Vinod Srinivasaraghavan - Barclays Joey Marincek - JMP Securities Fred Havemeyer - Macquarie Operator Good day, and welcome to the Pegasystems Third Quarter 2022 Earnings Results Conference Ca ...