PEGA(US:PEGA)2025-02-13 18:26Financial Performance Highlights - Total Annual Contract Value (ACV) grew by 9% year-over-year, reaching $1372 million[5], or 11% in constant currency[5] - Pega Cloud ACV experienced significant growth of 18% year-over-year, reaching $652 million[5], or 21% in constant currency[6] - Operating cash flow increased by 59% to $346 million[6][9] - Free cash flow increased by 68% to $338 million[6][10] - Total revenue increased by 5% to $1497180 thousand[11] Revenue Breakdown - Pega Cloud revenue increased by 21% to $558734 thousand[11] - Subscription revenue increased by 7% to $1280140 thousand[11] Profitability - GAAP net income increased by 46% to $99189 thousand[11] - Non-GAAP net income increased by 29% to $270542 thousand[11] Backlog - Total backlog increased by 11% to $1623492 thousand[47] - Subscription services backlog increased by 17% to $1127159 thousand[47] 2025 Guidance - The company projects ACV growth of 12%[6][13] - Revenue is projected to be $1600 million[13][52] - Free cash flow is projected to be $440 million[6][13][52]