Pegasystems Inc Stock Price, News & Analysis

Pegasystems Inc. (NASDAQ: PEGA) unveiled its Next-Best-Action Customer Journeys, an AI-driven capability that enhances conventional customer interactions by utilizing intelligent decisioning and propensity modeling. This innovation is designed to address the shortcomings of traditional marketing by dynamically adapting messages based on individual customer behavior and context. The Pega Customer Decision Hub now integrates journey data and real-time scoring to optimize customer experiences across multiple channels. This capability is part of the Pega Infinity™ suite and is available now.

Pegасystems Inc. (NASDAQ: PEGA) announced that DKB Service GmbH, a subsidiary of Deutsche Kreditbank AG, has implemented the Pega Platform™ to enhance back-office efficiency. The initiative aims to standardize and automate processes, reducing customer processing times and allowing employees to focus on higher-value tasks. DKBS plans to increase its customer base by 100% in three years while maintaining staff levels. The platform integrates seamlessly with existing systems, enabling easy scaling and low-code software development by employees, thus supporting digital transformation.

Pegaworld, the software innovator, has announced that COO and CFO Ken Stillwell will present at two upcoming investor conferences. The first is the Credit Suisse 25th Annual Technology Conference on November 30, 2021, at 2:30 PM MT (4:30 PM ET). The second is the Barclays Global Technology, Media and Technology Conference on December 7, 2021, at 8:00 AM ET (5:00 AM PT). Both presentations will be accessible via Pega's Investors page with archived versions available for a limited time.

Pegasystems (NASDAQ: PEGA) has signed the United Kingdom Armed Forces Covenant, committing to support service personnel, reservists, veterans, and military families. This initiative aims to ensure fair treatment for these individuals and highlights Pega's commitment to employing service leavers. The signing will foster a better working environment and offer benefits like flexible leave for servicemembers' families. Key figures, including Vice Admiral Nick Hine and Hayden Stafford, emphasized the importance of recognizing the contributions of military personnel within the corporate sphere.

Pegasystems Inc. reveals in a recent study that IT departments will undergo significant transformation over the next five years. Conducted by iResearch across 10 countries, the survey found that 51% of IT leaders lack confidence in their teams' ability to drive change. Moreover, 58% reported wasted investments ranging from $1 million to $10 million on ineffective solutions. However, the study also highlights opportunities for increased value through decentralization, improved skills, and a more collaborative environment, which could enhance decision-making and operational efficiency.

Pegasystems Inc. (NASDAQ: PEGA) has been recognized by Gartner in its 2021 reports for Enterprise Low-Code Application Platforms and Multiexperience Development Platforms. Pega achieved the highest score for the Business Workflow Automation Use Case among 12 vendors and ranked in the top three across all evaluated Use Cases. In the MXDP report, Pega led in key areas like Conversational App Development. These accolades reinforce Pega's commitment to innovative solutions that enhance user engagement and business agility.

Pegasystems Inc. (NASDAQ: PEGA) will present at the RBC Capital Markets' Global Technology, Internet, Media, and Telecom Conference on November 16, 2021, at 8:00 a.m. EST. Ken Stillwell, COO and CFO, will lead the presentation.
A live webcast can be accessed on the Investors page of Pega's website, with an archive available for a limited time after the event.

Pega offers innovative software that helps businesses streamline operations and enhance customer service through real-time AI and automation.

Pegaystems Inc. (NASDAQ: PEGA) has announced a strategic collaboration with Google Cloud aimed at enhancing patient experiences in healthcare through improved data insights and personalization. This partnership combines Google Cloud's Healthcare Data Engine with Pega's intelligent healthcare solutions, allowing organizations to better manage data from various sources. The integration is expected to facilitate optimal care delivery, real-time decision-making, and improved health outcomes for numerous individuals.

Pegasystems (NASDAQ: PEGA) announced its Q3 2021 financial results, highlighting a 13% increase in total revenue to $256.3 million, compared to $225.9 million in Q3 2020. The company's net loss rose by 193% to $56.5 million. However, cloud revenue surged by 77% year-over-year to $197 million, with strong performance noted in both Pega Cloud and Client Cloud segments. The firm emphasizes its role in aiding organizations' digital transformation efforts amidst ongoing complexities.