Pegasystems Inc Stock Price, News & Analysis

Pegasystems has launched Always-On Insights, a new offering that integrates Pega Customer Decision Hub with Celebrus Customer Data Platform. This solution captures real-time first-party data to enhance customer engagement by providing personalized interactions. As third-party cookies become obsolete in 2023, the offering allows brands to leverage first-party data, optimizing marketing strategies while maintaining compliance. Key features include real-time identity insights and instant outreach recommendations, aimed at increasing response rates and customer satisfaction.

Pegasystems has announced that Carola Cazenave, head of global partner ecosystem, has been named to CRN's 2022 Power 100 list for the second consecutive year. Additionally, 19 other Pega professionals were recognized for their contributions to IT channel success. This recognition underscores Pega's commitment to fostering a strong partner ecosystem. Under Cazenave's leadership, Pega has enhanced its partner strategy, contributing to growth and customer satisfaction.

Pegasystems Inc. (NASDAQ: PEGA) announced enhancements to its Pega Platform™ aimed at simplifying self-service workflow integrations across front-end channels. New features include improved Pega DX APIs for faster user experiences, new SDKs for frameworks like Angular and React, and the Pega Web Embed capability that reduces coding efforts for embedding workflows. These updates respond to a Gartner poll indicating that 74% of businesses prioritize seamless customer journeys. The enhancements aim to ease IT workloads while improving customer interaction.

Appian has won a significant legal victory, with a Virginia jury awarding it $2.036 billion in damages from Pegasystems for trade secret misappropriation and violation of the Virginia Computer Crimes Act. The jury deemed Pegasystems' actions as willful and malicious. During the trial, Appian demonstrated that Pegasystems hired a contractor to gain unauthorized access to its software, using the information to enhance their competitive offerings. This verdict may represent the largest damages award in Virginia state court history, although Pegasystems plans to appeal.

Pegasystems Inc. (NASDAQ: PEGA) announced that COO and CFO Ken Stillwell will present at two upcoming investor conferences. The 17th Annual Needham Technology & Media Conference will be held virtually on May 18, 2022, at 12:45 p.m. EDT. The J.P. Morgan Global Technology, Media, and Communications Conference will take place in Boston on May 23, 2022, at 8:40 a.m. EDT. Live webcasts of both presentations will be available on Pega's Investors page.

Pegasystems Inc. (NASDAQ: PEGA) announced new enhancements to its Pega Platform™ aimed at empowering citizen developers. These include new application templates, training courses, and consulting services designed to expedite the creation of low-code applications while minimizing IT burden. The demand for developers exceeds supply, prompting organizations to leverage non-IT staff for app development. Through effective governance, Pega aims to limit risks associated with citizen development, ensuring a balance between innovation and security.

Pegasystems Inc. (NASDAQ: PEGA) reported a 20% increase in total revenue, reaching $376 million for Q1 2022, compared to $313 million in Q1 2021. The company achieved a gross margin improvement to 77%. Non-GAAP net income rose by 112% to $50 million, with diluted earnings per share increasing by 119% to $0.59. CEO Alan Trefler emphasized the demand for Pega’s low-code platform, while COO Ken Stillwell highlighted the focus on growth and profitability amid economic challenges.

Pegasystems Inc. (NASDAQ: PEGA) is set to announce its financial results for the first quarter of 2022 on April 28, 2022, after market close. A conference call and audio-only webcast will take place at 5:00 p.m. EDT on the same day, allowing public and investor participation. Those interested can dial in or join via the company's website. A replay will also be accessible thereafter. Pegasystems emphasizes its commitment to delivering innovative software that helps businesses manage complexity and enhance efficiency.

Pegasystems Inc. announced that Nationwide Building Society has deployed Pega Smart Dispute for Issuers, enhancing its Visa card disputes process. This deployment reduced the number of systems from 15 to 2, improving agent performance and customer satisfaction by cutting dispute processing time by approximately 15%. The implementation was driven by a significant increase in Visa disputes, which surged 251% due to the COVID-19 pandemic. Nationwide aims to further improve member experience and operational efficiency using Pega's technology.