Financial Data and Key Metrics Changes - Total ACV grew 17% year-over-year, as reported, and 14% in constant currency, exceeding guidance [7] - Pega Cloud ACV increased 33% year-over-year as reported, and 28% in constant currency, a significant acceleration from last year's growth [7][10] - Free cash flow rose 45% year-over-year to $491 million, surpassing guidance by $51 million [10] - Contractually committed backlog grew 28% year-over-year, now exceeding $2 billion for the first time in Pega's history [11] Business Line Data and Key Metrics Changes - Pega Cloud backlog grew 36% year-over-year, now representing 74% of total backlog [11][12] - Net new ACV increased by 37% year-over-year in constant currency, driven by strong demand for Pega's AI solutions [9] Market Data and Key Metrics Changes - The company reported a strong global sales execution, with a disciplined and scalable sales cadence worldwide [8] - The demand for Pega's differentiated AI agents integrated into enterprise workflows has increased significantly [9] Company Strategy and Development Direction - The company is focused on a cloud-first strategy and the implementation of its Blueprint experiential sales approach [8] - Pega aims to sustain a balanced capital allocation strategy, prioritizing organic growth and product innovation [10] - The company is committed to leveraging AI to enhance business processes and improve customer experiences [19][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of ACV growth due to the strength of Pega's integration into clients' core operations [9] - The company anticipates total ACV growth of 15% and total revenue of $2 billion for 2026, marking a significant milestone [12][13] - Management highlighted the importance of transitioning from experimentation to execution in leveraging AI for business transformation [37] Other Important Information - The Supreme Court of Virginia affirmed the verdict related to a trade secret trial, eliminating a $2 billion liability [12] - The company has achieved ISO 42001 certification across its cloud services and AI solutions [10] Q&A Session Summary Question: Current deal environment and macro conditions - Management noted that the Blueprint approach reduces friction in client engagement, leading to an excitingly advanced pipeline [41] Question: Confidence in ACV guidance - Management indicated that the net retention rate is expanding while targeting new logos, contributing to confidence in achieving the 15% growth target [46] Question: Role of multi-agent systems in enterprises - Management emphasized Pega's structural advantages in orchestrating workflows across systems, allowing for reliable and predictable operations [55] Question: Impact of Blueprint on sales cycles - Early signs indicate faster pipeline build, progression, and close times due to the implementation of Blueprint [58] Question: App modernization journey with Blueprint - Management reported significant interest from clients in app modernization, with capabilities to modernize legacy systems [66] Question: Pega Cloud migration and growth - Management stated that Pega Cloud ACV is expected to grow over 30% in 2026, with consistent migration activity across the client base [70]

Financial Data and Key Metrics Changes - Total ACV grew 17% year-over-year, as reported, and 14% in constant currency, exceeding guidance [7] - Pega Cloud ACV increased 33% year-over-year as reported, and 28% in constant currency, a significant acceleration from last year's growth [7][10] - Free cash flow rose 45% year-over-year to $491 million, surpassing guidance by $51 million [10] - Contractually committed backlog grew 28% year-over-year, exceeding $2 billion for the first time in Pega's history [11] Business Line Data and Key Metrics Changes - Pega Cloud backlog now represents 74% of total backlog, indicating strong growth in cloud services [12] - Net new ACV increased by 37% year-over-year in constant currency, driven by strong demand for Pega's Predictable AI agents [9] Market Data and Key Metrics Changes - The company reported a strong demand for its services, particularly in the context of digital transformation and legacy system modernization [43][66] - The competitive landscape is shifting, with a focus on AI and automation, which Pega is well-positioned to leverage [19][86] Company Strategy and Development Direction - Pega's strategy emphasizes a cloud-first approach and the integration of AI into its platform, particularly through the Blueprint experiential sales approach [8][10] - The company aims to achieve $2 billion in total revenue for 2026, marking a significant milestone [12] - Pega is focused on organic growth, product innovation, and maintaining a strong balance sheet while returning capital to shareholders [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of ACV growth due to Pega's deep integration into clients' core operations [9] - The company anticipates continued growth in Pega Cloud revenue, expected to accelerate above 30% in 2026 [15] - Management highlighted the importance of transforming customer engagement from experimentation to execution [37] Other Important Information - Pega achieved ISO 42001 certification across its cloud services and AI solutions, enhancing its compliance credibility [9] - The company is actively working on app modernization, leveraging partnerships with firms like Accenture and AWS [66] Q&A Session Summary Question: What is the current deal environment and macroeconomic outlook? - Management noted that the Blueprint approach reduces friction in client engagement, leading to an exciting pipeline [41] Question: What gives confidence in achieving the 15% ACV growth target? - Management highlighted an expanding net retention rate and successful targeting of new logos as key factors [46] Question: How is Blueprint impacting sales cycles and deployment times? - Early signs indicate faster pipeline build and progression, with a significant reduction in training time for new staff [58][61] Question: What is the status of app modernization efforts? - Management reported strong interest from clients in app modernization, with capabilities to modernize both legacy and old Pega systems [66] Question: How is the partnership with AWS evolving? - The partnership focuses on transforming legacy workflows using Blueprint, aligning both companies' selling strategies [78]

Lost Money on Oracle Corporation(ORCL)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky [Accessibility Statement] Skip NavigationNEW YORK, Feb. 11, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Oracle Corporation ("Oracle" or the "Company") (NYSE: ORCL) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Oracle investors who were adversely affected by alleged securities fraud between June 12, 2025 and December 16, 2025 ...

Financial Data and Key Metrics Changes - Total Annual Contract Value (ACV) grew 17% year-over-year, with a 14% increase in constant currency, surpassing guidance [5][10] - Pega Cloud ACV increased by 33% year-over-year as reported, and 28% in constant currency, significantly up from last year's growth of 18% as reported and 21% in constant currency [5][10] - Free cash flow rose 45% year-over-year to $491 million, exceeding guidance by $51 million [8][10] - Contractually committed backlog grew 28% year-over-year, now exceeding $2 billion for the first time in Pega's history [9][10] Business Line Data and Key Metrics Changes - Pega Cloud backlog represented 74% of total backlog, with a 36% year-over-year increase [9][10] - Net new ACV increased by 37% year-over-year in constant currency, driven by strong demand for Pega's AI agents [7][10] Market Data and Key Metrics Changes - The company noted a strong demand for its AI solutions integrated into enterprise workflows, indicating a positive market response [6][10] - The competitive landscape is shifting, with Pega positioned as a leader in enterprise transformation through its unique offerings [16][20] Company Strategy and Development Direction - The company is focused on a cloud-first strategy and the integration of AI through its Blueprint platform, which has transformed its sales approach [6][10] - Pega aims to achieve $2 billion in total revenue for 2026, marking a significant milestone for the firm [10][11] - The company is committed to disciplined capital allocation, prioritizing organic growth and product innovation [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of ACV growth due to the strength of Pega's integration within clients' core operations [7][10] - The company anticipates continued acceleration in Pega Cloud revenue, projecting growth above 30% in 2026 [13][10] - Management highlighted the importance of transitioning from experimentation to execution in leveraging AI for business transformation [36][10] Other Important Information - The Supreme Court of Virginia affirmed a verdict that eliminated a $2 billion liability for the company, positively impacting its financial outlook [9][10] - The company has authorized an additional $1 billion in share buyback capacity, reflecting confidence in cash flow durability [11][10] Q&A Session Summary Question: What is the current deal environment and how is it affecting 2026 outlook? - Management noted that the Blueprint approach reduces friction in client engagement, leading to an advanced pipeline [40][41] Question: What gives confidence in achieving the 15% ACV growth target? - The company highlighted consistent growth rates and an expanding net retention rate, alongside successful targeting of new logos [44][45] Question: How is the app modernization journey progressing with Blueprint? - Management indicated significant interest from clients in app modernization, with expectations for success stories to emerge in the near future [66][10] Question: What is the status of the partnership with AWS? - The partnership is aligned on transforming legacy workflows, leveraging both AWS and Pega's tools for effective modernization [77][10]

近日，浙江省经济和信息化厅正式公布浙江省数字经济发展优秀案例名单，麒麟信安与中共浙江省委党 校联合打造的"浙江省委党校信创云桌面"案例成功入选。这是该案例继斩获国家工信部示范案例后，再 度斩获省级重磅嘉奖，实现国家级、省级双重权威认可，彰显了麒麟信安在云计算领域的过硬创新实力 与卓越应用成效。 该方案大幅提升党校教学管理效能，管理员通过黄金镜像可完成一次适配、学员批量复用，结合党校教 学周期特点，实现学员结业后信息自动清除，保障数据安全的同时，高效解决身份认证、桌面部署与回 收等难题。此外，低功耗云终端替换传统高功率PC，搭配后台批量关机管控，大幅降低电能消耗与运 维、数据恢复成本，实现节能环保与降本增效双赢。 目前，麒麟信安信创云桌面解决方案已在国内多个重点项目落地见效，为各行业信创转型与数智化升级 树立了示范样板。未来，麒麟信安将持续深耕场景化创新，推出更多贴合行业需求的解决方案，助力各 类用户在数字经济高质量发展道路上稳步前行。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：山上 据悉，此次省级优秀案例评选，旨在深入推进数字经济创新提质"一号发展工程"，深化国家数字经济创 新发展试验区建设，加 ...

智通财经APP获悉，全球领先游戏引擎开发商Unity Software(U.US)周二公布2025年第四季度财报，在市 场深陷"AI 削弱传统软件价值"的疑虑中，Unity 用一份核心指标双杀预期的战报给出了有力回击。受AI 驱动的Vector业务连续三个季度实现中双位数环比增长及Create业务创两年最佳表现推动，公司季度营 收首次站上5亿美元关口。 数据显示，公司Q4总营收为5.031亿美元，超越市场一致预期的4.8895亿美元;每股收益(EPS)为0.24美 元，较分析师预期值0.21美元高出0.03美元。 核心业务拆解：AI 并非挑战者，而是增长引擎 公司高管发表了乐观言论。Unity总裁兼首席执行官马特·布朗伯格表示："第四季度业绩再次轻松超越指 引上限。Vector展现迅猛增长动能，该业务已连续三个季度实现中双位数环比营收增长，同时Create业 务也创下逾两年来最快增速。" "随着Vector展现迅猛增长动能，Unity 6引擎采用速度达到我们历史上最高水平，公司成为下一代交互 娱乐核心基础设施的战略目标正愈发清晰。" 盈利能力方面，Q4 GAAP 净亏损显著收窄至 8900 万美元，亏损率优化 ...

Economic Indicators - The U.S. non-farm payroll employment increased by 130,000 jobs in January, significantly higher than the expected increase of 70,000 jobs, following a downwardly revised increase of 48,000 jobs in December [2][23] - The unemployment rate decreased to 4.3 percent in January from 4.4 percent in December, contrary to expectations that it would remain unchanged [2][24] Market Reactions - Major U.S. index futures are indicating a higher open, driven by the positive employment report, which may lead to upward movement in stocks after a mixed performance in the previous session [1][3] - The Dow Jones Industrial Average rose by 52.27 points (0.1 percent) to 50,188.13, while the S&P 500 fell by 23.01 points (0.3 percent) to 6,941.81, and the Nasdaq dropped by 136.20 points (0.6 percent) to 23,102.47 [4] Retail Sales - U.S. retail sales were flat in December, unchanged from the previous month, despite expectations for a 0.4 percent increase, indicating a pause in consumer spending after strong sales in October and November [5][6] - Excluding motor vehicle and parts dealers, retail sales remained virtually unchanged in December, with a slight increase of 0.4 percent in November [6] Sector Performance - Housing stocks experienced a significant increase, with the Philadelphia Housing Sector Index rising by 3.4 percent, attributed to a decrease in treasury yields [8] - Utilities and commercial real estate stocks also performed well, with the Dow Jones Utility Average increasing by 1.9 percent and the Dow Jones U.S. Real Estate Index climbing by 1.3 percent [8] - Conversely, brokerage stocks fell sharply, with the NYSE Arca Broker/Dealer Index declining by 2.5 percent [9] Commodity and Currency Markets - Crude oil futures rose by $1.52 to $65.48 per barrel, while gold prices increased by $42.60 to $5,073.60 per ounce [11] - The U.S. dollar traded at 153.59 yen, down from 154.38 yen, and at $1.1865 against the euro, compared to $1.1894 previously [11]

Company Developments - Microsoft officially launched the next-generation high-performance AI inference chip Maia200 on January 26, 2026, utilizing TSMC's 3nm process, significantly enhancing performance compared to the previous generation, and has begun deployment in data centers in the central United States, with plans to expand to the western regions [1] - Microsoft received approval to build 15 new data centers in Wisconsin to support computational power expansion and AI business demands [1] Financial Performance - Microsoft released its Q2 FY2026 financial report on January 28, 2026, focusing on the growth rate of Azure cloud services, capital expenditure levels, and the impact of AI investments on profits, with LongPort analysis highlighting that the surge in capital expenditure and AI monetization progress are key factors in assessing Microsoft's long-term cost structure [2] Business Progress - Microsoft plans to preview free AI features in March 2026, including enhancements to Copilot Chat and Agent Mode for Outlook, Word, Excel, and PowerPoint, allowing users to access improved AI assistant functionalities without a paid license [3]

Group 1 - Market professionals believe that the recent sell-off in software stocks has been excessive, creating new buying opportunities at lower prices [1][4] - Morgan Stanley strategists noted the potential for a rebound in the software market due to overly pessimistic expectations regarding AI disruption and strong fundamentals [1] - Jefferies found that 42% of the software stocks they cover are trading at or near historical undervaluation levels, indicating potential for a strong rebound [4] Group 2 - The S&P North American Software Index's expected price-to-earnings ratio recently fell below 20 for the first time, currently around 23, significantly lower than its long-term average of 34 [1] - A notable ETF tracking the software industry experienced a 15% drop over eight trading days but rebounded by 7.2%, with retail investors showing record buying activity [4] Group 3 - Companies like Microsoft, Snowflake, ServiceNow, Salesforce, and Palantir Technologies have been mentioned as long-term winners that have also suffered during the sell-off [5] - Snowflake's stock dropped 27% in a short period, but it is positioned favorably within the AI ecosystem, having signed significant partnerships with OpenAI and Anthropic [6] Group 4 - Concerns about AI coding replacing existing software packages have contributed to the negative sentiment in the software market, with recent market declines linked to new AI tools released by companies like Anthropic and Alphabet [8] - Despite the uncertainty, industry research predicts a 14.1% earnings growth rate for the software and services sub-sector by 2026, which is higher than the expected growth rate for the S&P 500 [8] Group 5 - Some companies, like Monday.com and S&P Global, have faced disappointing earnings forecasts, leading to significant stock price declines [9] - However, the overall performance of software companies in the current earnings season has been strong, with 10 companies exceeding earnings expectations, indicating that the negative trend may not be severe enough to deter investors [9]

Group 1: SpaceX and xAI Merger Discussion - The potential merger of SpaceX and xAI is being considered ahead of SpaceX's anticipated IPO in 2026, drawing parallels to Elon Musk's previous merger of SolarCity with Tesla [1][2] - Analysts suggest that combining SpaceX with xAI could enhance its attractiveness to investors, especially in a competitive IPO market where many capital-intensive companies are vying for attention [1][4] - There is skepticism about the actual merger occurring, with some analysts viewing the current interactions between Musk's companies as resource exchanges rather than formal mergers [4][6] Group 2: Investment Sentiment and Market Dynamics - The current market environment is characterized by a rush to IPO among AI companies, with significant capital available, which may delay the need for these companies to go public [6][7] - Investors are questioning the sustainability of business models for companies like SpaceX and xAI, which are not yet profitable and are burning cash [6][7] - The sentiment around Tesla is that it is primarily an investment in Elon Musk's vision rather than just its automotive products, which could lead to a shift in investor interest if more options become available [9] Group 3: Tech Earnings Insights - Meta and Microsoft reported earnings with contrasting market reactions; Meta's strong ad revenue growth was well-received, while Microsoft's heavy CapEx spending raised concerns about its valuation [11][12] - Analysts believe that Microsoft's significant investment in AI could be a positive indicator, but the market is uncertain about the long-term implications of such spending [12][13] - Meta's revenue is heavily reliant on advertising, and its ability to maintain user engagement is crucial for its financial performance [15][16] Group 4: SaaS Market Trends - The SaaS market is experiencing significant declines, with many stocks down over 30%, prompting discussions about potential investment opportunities [26] - Companies like Netflix and The Trade Desk are highlighted as potential picks, with Netflix's management being trusted to navigate current challenges despite its mature status [26][28] - The Trade Desk is seen as having potential for recovery despite recent operational challenges, particularly as ad spending is expected to rise in midterm election years [28][29] Group 5: Company-Specific Insights - Axon Enterprise is viewed as a long-term investment despite high valuations and potential near-term earnings concerns, with expectations for continued growth in its market [30][31] - Toast is recognized for its strong management and unique market position in the restaurant software space, although macroeconomic concerns could impact its valuation [32][34] - Salesforce is considered a solid investment due to its potential to leverage AI for incremental improvements, despite facing increased competition [35]