Pegasystems Inc Stock Price, News & Analysis

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.

Pegasystems Inc. (NASDAQ: PEGA) will report its financial results for Q3 2021 on October 27, 2021, after market close. An investor conference call is scheduled for the same day at 5:00 p.m. EDT, where participants can join via phone or webcast. Pega focuses on delivering software solutions that simplify business processes and enhance operational efficiency. The company aims to help leading brands improve customer experiences through real-time AI and low-code platforms. More details can be accessed on the company's website.

Pegasystems Inc. (NASDAQ: PEGA) announced enhancements to Pega Smart Investigate™, enabling banks to support the ISO 20022 standard for payment data communication. This upgrade allows financial institutions to seamlessly transition to this global standard ahead of the SWIFT adoption date in 2022 and the migration deadline in 2025. Pega's solution is designed to manage exceptions more efficiently and is compatible with both ISO 20022 messages and existing SWIFT formats, facilitating an improved banking experience for clients.

Pegasytems Inc. (NASDAQ: PEGA) announced a collaboration with the NSW Government to enhance the building bond management process via the Strata Hub. This initiative digitizes the Strata Building Bond and Inspections Scheme (SBBIS), providing greater transparency, efficiency, and real-time updates to developers, inspectors, and owners. The previous manual process involved cumbersome paperwork, while the new system, including the SBBIS Inspect app, streamlines reporting and communication, allowing for improved handling of bonds estimated at over $66.5 million for building defect repairs.

Pegasystems Inc. (NASDAQ: PEGA) has announced a quarterly cash dividend of $0.03 per share, keeping its dividend program consistent. The dividend for Q4 2021 will be paid on October 15, 2021, to shareholders who are on record as of October 1, 2021. This announcement highlights Pegasystems' commitment to providing returns to its shareholders while maintaining financial stability.

Pegasystems Inc. (NASDAQ: PEGA) announced on September 2, 2021, that Ken Stillwell, COO and CFO, will present at two upcoming virtual investor conferences. The first is the Citi 2021 Virtual Global Technology Conference on September 13, 2021, at 8:00 a.m. ET, followed by the Jefferies Virtual Software Conference on September 15, 2021, at 9:30 a.m. ET. Live webcasts of these presentations will be available on Pega's Investors page, with archived presentations accessible for a limited time.