Pegasystems Inc Stock Price, News & Analysis

Pegasystems Inc. (NASDAQ: PEGA) has announced a quarterly cash dividend of $0.03 per share, maintaining its dividend program. This dividend for Q2 2023 will be payable on April 17, 2023, to shareholders of record as of April 3, 2023. The decision to keep the dividend reflects the company's commitment to providing returns to its shareholders while continuing to empower enterprises with its low-code platform for business transformation.

Pegasystems Inc. (NASDAQ: PEGA) announced on March 7, 2023, enhancements to the Pega Foundation for Healthcare, aimed at improving access to care for healthcare organizations. The upgrades include increased interoperability, AI-powered decision-making, and responsive benefits to streamline complex processes. These advancements address new procedural changes affecting 16 million individuals due to the transition from the COVID-19 public health emergency by enabling timely payment authorizations and patient care management. The solution is designed to improve customer engagement and operational efficiency while reducing costs.

Pegasystems (NASDAQ: PEGA) announced plans to enhance its Pega Infinity platform with new generative AI capabilities, which are set to launch in Q3 2023. These features will enable users to execute tasks using simple natural language prompts, significantly boosting productivity across various applications, from development to customer engagement. The integration aims to refine processes such as application development and operational insights while ensuring a secure enterprise environment. This move is expected to accelerate digital transformation for clients, with demonstrations planned at PegaWorld iNspire in June 2023.

Pegasystems Inc. (NASDAQ: PEGA) has been recognized as a Leader in Forrester Research's Q1 2023 report on Robotic Process Automation (RPA). The company achieved the highest score in the automation design and development criterion and received top marks in governance, security, pricing flexibility, and partner ecosystem. Pega's RPA solutions enhance automation efficiency, enabling businesses to automate repetitive tasks with speed and accuracy. This accolade further solidifies Pega's standing in the industry, following its previous recognitions in related automation categories. Pega continues to invest in scalable automation solutions to better serve its clients.

Pegasystems Inc. (NASDAQ: PEGA) announced a collaboration with Shawbrook Bank to enhance its unsecured loan process using Pega Platform™. This transformation improved processing time by 75%, saving 1,500 hours each month, thereby elevating the customer experience. The bank's initiative reflects its commitment to applying technology intelligently while maintaining a strong human touch. The next phase of implementation will target efficiencies in 'buy-to-let' mortgage applications and digitizing account opening processes. This partnership showcases Pega's capabilities in streamlining financial operations and enhancing customer service.

Pegasystems Inc. reported a strong performance for Q4 and full-year 2022, highlighting a 16% year-over-year growth in Annual Contract Value (ACV) and a 70% gross margin for Pega Cloud. Total revenue increased by 25% to $396 million in Q4 and 9% to $1.32 billion for the year. Notably, subscription revenue surpassed $1 billion. The company anticipates an 11%-13% growth in ACV for 2023, with projected free cash flow reaching $150 million. Despite a GAAP net loss of $345 million, non-GAAP metrics showed significant improvement, including a diluted EPS of $0.82 for Q4.

Pegasystems (NASDAQ: PEGA), a leading low-code platform provider, announced that Ken Stillwell, COO and CFO, will present at several upcoming investor conferences. The conferences include the JMP Securities Technology Conference on March 6, 2023, KeyBanc Capital Markets 2023 Emerging Technology Summit on March 8, 2023, and the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2023. All presentations will take place in San Francisco, CA. Archives of the presentations will be available on Pega's Investors page for a limited time.

Pegasystems Inc. (NASDAQ: PEGA) will report its financial results for Q4 and fiscal year 2022 on February 15, 2023, after market close. The company is inviting public participation in a conference call and audio-only webcast at 5:00 p.m. EST on the same day. Investors can access the call via phone or a webcast link available on the company’s website. A replay of the call will be accessible shortly after. Pegasystems aims to deliver AI-powered decisioning and workflow automation to help organizations navigate their business challenges.