* not meaningful Pega Delivers Best Quarter of the Year in Q3 2022 • Annual contract value (ACV) grows 16 percent in constant currency year over year • Pega Cloud ACV grows 39 percent in constant currency year over year • Total backlog grows 11 percent (18 percent in constant currency) year over year CAMBRIDGE, Mass. — October 26, 2022 — Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, released its financial results for the third qua ...

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, 2022 OR (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) One Main Street, Cambridge, MA 02142 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of ...

Pegasystems Investor Presentation Q2 2022 NASDAQ: PEGA pegainvestorrelations@pega.com July 27, 2022 Safe Harbor Statement Certain statements contained in this presentation may be construed as "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Words such as expects, anticipates, intends, plans, believes, will, could, should, estimates, may, targets, strategies, intends to, projects, forecasts, guidance, likely, and usually or variations of such words and other si ...

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. At this time, I would like to ...

FORM 10-Q _____________________________________ ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ For the quarterly period ended June 30, 2022 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 2022 Earnings Conference Call April 28, 2022 5:00 PM ET Company Participants Alan Trefler - Founder, Chief Executive Officer & Chairman of the Board Kenneth Stillwell - Chief Operating Officer & Chief Financial Officer Conference Call Participants Pinjalim Bora - JPMorgan Steve Koenig - SMBC Nikko Rishi Jaluria - RBC Joseph Meares - Truist Vinod Srinivasaraghavan - Barclays Mark Schappel - Loop Capital Joey Marincek - JMP Securities Fred Havemeyer - Macquarie Operator Good ...

Revenue Growth - Subscription revenue increased by 21% to $307.6 million in Q1 2022, compared to $254.9 million in Q1 2021[105] - Total revenue for Q1 2022 was $376.3 million, a 20% increase from $313.5 million in Q1 2021[105] - Annual contract value (ACV) rose by 21% since March 31, 2021, reflecting strong demand for subscription services[97] - Remaining performance obligations (backlog) increased by 20% since March 31, 2021, indicating expected future revenue growth[100] Profitability and Expenses - Gross profit for Pega Cloud grew by 40% to $63.4 million in Q1 2022, up from $45.3 million in Q1 2021[106] - Selling and marketing expenses increased by 9% to $162.2 million, representing 43% of total revenue[107] - Research and development expenses rose by 14% to $71.5 million, accounting for 19% of total revenue[107] - Operating cash flow was $15.1 million in Q1 2022, down from $21.7 million in Q1 2021[114] Cash and Financial Position - Cash held by U.S. entities decreased to $251.6 million as of March 31, 2022, from $274.8 million at the end of 2021[114] - Total cash, cash equivalents, and marketable securities decreased from $362,779 thousand to $332,172 thousand[115] - The company has no outstanding borrowings under its $100 million senior secured revolving credit agreement as of March 31, 2022[119] Legal and Foreign Currency - The company incurred $17.4 million in legal fees and related expenses in the three months ended March 31, 2022, due to proceedings outside of ordinary business[117] - The company reported a foreign currency loss of $7,937 thousand for the three months ended March 31, 2022, compared to a loss of $7,522 thousand in the same period of 2021[129] - A hypothetical 10% strengthening of the U.S. dollar would have resulted in a 3% decrease in revenue for the three months ended March 31, 2022[127] Shareholder Returns - The company intends to pay a quarterly cash dividend of $0.03 per share, with total dividend payments to stockholders amounting to $2,454 thousand for the three months ended March 31, 2022[122][123] - The company has a remaining stock repurchase authority of $60 million as of March 31, 2022, with $22,583 thousand repurchased during the three months ended March 31, 2022[120][121] Other Financial Metrics - The effective income tax benefit rate was 95% for Q1 2022, compared to 73% in Q1 2021[112] - The transition to subscription-based software sales is impacting billings and cash collections, with subscription licenses generally billed over the contract term[116] - The company’s contractual obligations total $830,214 thousand as of March 31, 2022, including convertible senior notes and purchase obligations[124] - The increase in interest income in the three months ended March 31, 2022, was primarily due to increases in market interest rates[115]

Financial Data and Key Metrics Changes - Annual Contract Value (ACV) grew over 20% year-over-year, surpassing $1 billion for the first time [27][7] - Total revenue reached $1.21 billion for the full year, representing a 19% year-over-year growth [27][42] - Subscription revenue grew 24% year-over-year, accounting for almost 80% of total revenue in 2021 [27][43] - Remaining Performance Obligation (RPO) reached $1.3 billion, an increase of 25% year-over-year [29][41] - Non-GAAP EPS was $0.22, marking a significant improvement over the previous year [29][36] Business Line Data and Key Metrics Changes - Subscription revenue made up nearly 80% of total revenue, indicating a successful transition to a subscription model [27][43] - Term license backlog grew by 45%, highlighting the lumpiness in revenue recognition under the client cloud model [28][42] Market Data and Key Metrics Changes - Gartner predicts continued growth in enterprise software spending, driven by organizations upgrading to Software-as-a-Service [13] - IDC forecasts investment in digital transformation software to grow about 25% annually through 2024 [13] Company Strategy and Development Direction - The company aims to be the leading low-code software platform for workflow automation and AI-powered decisioning [14][15] - The Cloud Choice approach allows clients to use Pega Cloud services or run software on their preferred cloud, aligning with multi-cloud trends [15][38] - The company is focused on enhancing client relationships and expanding into new verticals such as manufacturing and technology services [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the market opportunity for digital transformation and the company's ability to capitalize on it [13][37] - The company anticipates total revenue of $1.46 billion to $1.49 billion for 2022, representing a 20% to 23% year-over-year increase [44] - Non-GAAP EPS guidance for 2022 is between $0.75 and $1, indicating a solid improvement [45] Other Important Information - The company has a strong partner ecosystem that is crucial for client adoption and success [10][90] - The departure of the President of Global Client Engagement is noted, but management is confident in the existing team's capabilities [24][66] Q&A Session Summary Question: Guidance on revenue growth and margin expansion - Management indicated that while they expect margin expansion, achieving the Rule of 40 by 2023 may not be feasible due to sales productivity challenges [50][52] Question: Pega Cloud growth and revenue recognition - Management clarified that there are no unique revenue recognition issues with Pega Cloud, and growth rates are expected to converge as clients manage their own solutions [54][56] Question: Demand function and top-of-funnel activity - Management reported robust demand and activity in the customer base, driven by the need for digital transformation [64][65] Question: Changes in sales organization post-leadership change - Management confirmed that the strategy remains unchanged and the existing team is capable of executing the planned initiatives [66][78] Question: Impact of term activity on revenue recognition - Management explained that significant term arrangements going into backlog impacted revenue for the current period, but this is a normal aspect of enterprise selling [70][72] Question: Partner influence on deals - Management stated that over 75% to 80% of deals are influenced by partners, reflecting a strong engagement strategy [89][90]

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, 2021 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) ____________________ (Stat ...

Pegasystems Investor Presentation Q3 2021 10/27/21 NASDAQ: PEGA pegainvestorrelations@pega.com PEGA Safe Harbor Statement Certain statements contained in this presentation may be construed as "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Words such as expects, anticipates, intends, plans, believes, will, could, should, estimates, may, targets, strategies, intends to, projects, forecasts, guidance, likely, and usually or variations of such words and other si ...