Welcome to our dedicated page for Pegasystems news (Ticker: PEGA), a resource for investors and traders seeking the latest updates and insights on Pegasystems stock.
Pegasystems Inc. (NASDAQ: PEGA) generates a steady flow of news centered on its AI-powered enterprise transformation platform, product innovation, analyst recognition, and financial performance. Investors and observers following PEGA news can see how the company positions its technology for automating workflows, personalizing customer experiences, and modernizing legacy systems for large organizations.
Recent announcements highlight new product capabilities, such as advanced agentic AI features in Pega Client Lifecycle Management (Pega CLM) for financial institutions. These updates focus on automating client onboarding, KYC processes, document processing, screening, and risk assessment across jurisdictions. Other product news covers enhancements to Pega Blueprint, the company’s AI-powered workflow design agent, including expanded privacy, security, and data sovereignty features like regional data residency, client-level file storage separation, and federated access controls.
Pegasystems also regularly reports on analyst evaluations and industry recognition. The company has announced being named a Leader in The Forrester Wave™: Real-Time Interaction Management Software and in other Forrester and Gartner reports covering AI decisioning, CRM, business orchestration and automation technologies, and process mining platforms. These stories provide context on how independent research firms view Pega’s platform capabilities.
Financial and investor-related news includes quarterly earnings releases, updates on metrics such as Annual Contract Value (ACV) and Pega Cloud ACV, and information on share repurchases and cash flow. Pegasystems also issues notices about upcoming investor conferences where its executives present, as well as dividend declarations under its quarterly cash dividend program.
Together, PEGA news items offer insight into the company’s product roadmap, AI and automation strategy, recognition from analyst firms, and ongoing financial and capital markets activity. Readers interested in enterprise software, AI decisioning, workflow automation, and legacy modernization can use this news feed to monitor Pegasystems’ latest developments.
Pegasystems Inc. announced its Q1 2023 financial results, highlighting a 15% year-over-year growth in annual contract value (ACV). The company reported a Pega Cloud gross margin of 72%, emphasizing its focus on profitable growth, which led to substantial cash generation. Despite a 14% decline in total revenue to $325.5 million from $376.3 million in the same quarter last year, the non-GAAP net income stands at $19.2 million, a 62% decrease. The diluted loss per share on a GAAP basis was $(0.25), compared to a profit last year. CEO Alan Trefler expressed optimism about client engagement and growth opportunities, while COO Ken Stillwell noted success in key financial metrics including ACV growth and free cash flow. A conference call will discuss these results further.
Pegasystems Inc. (NASDAQ: PEGA) announced a partnership with Tealium, integrating its Customer Decision Hub with Tealium's Customer Data Platform (CDP). This collaboration empowers brands to utilize first-party data and AI to enhance customer interactions across various channels while ensuring compliance with data privacy regulations like GDPR and CCPA. The new connector facilitates real-time data transfer and deepens customer insights for more personalized experiences. This initiative aligns with Pega's broader strategy of delivering AI-driven solutions that prioritize ethical data usage and improve customer engagement.
Pegasystems Inc. (NASDAQ: PEGA) announced it will release its financial results for the first quarter of 2023 on April 26, 2023, after market close. An audio-only conference call will occur at 5:00 p.m. EDT on the same day, where investors and the public can participate in a Q&A session. Interested participants can join via phone or through a webcast. A replay of the call will be accessible on the company's website. Pegasystems specializes in a low-code platform that enables enterprises to adapt to changing market demands, leveraging AI-powered decisioning and workflow automation to address business challenges effectively.
Pegasystems Inc. (NASDAQ: PEGA) announced the appointment of Dr. Christian Guttmann as Vice President of Engineering, Decisioning & AI on April 5, 2023. Dr. Guttmann, an AI expert with over 25 years of experience, previously led AI initiatives at Tietoevry and has held significant roles at IBM and British Telecom. He will oversee the AI technologies powering Pega Infinity™ and the Pega Customer Decision Hub™, enhancing the company’s AI capabilities. Guttmann's experience is expected to strengthen Pega's position in the AI industry. He is also set to present at the upcoming PegaWorld iNspire conference from June 11-13, 2023.
Pegasystems Inc. (NASDAQ: PEGA) announced enhancements to Pega Cloud on March 28, 2023, aimed at providing clients with zero downtime while operating on the latest technology. These upgrades include an improved Global Operations Center for better management, enhanced scalability for fluctuating demand, independent service updates for continuous software performance, and improved fault tolerance for automated service recovery. These developments are critical for enterprises facing economic challenges, ensuring reliable customer experiences and optimal technology utilization. The new capabilities are currently available and will be showcased at PegaWorld iNspire from June 11-13 in Las Vegas.
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