Pegasystems Inc Stock Price, News & Analysis

Pegasystems Inc. (NASDAQ: PEGA) will be presenting at virtual investor conferences on August 10 and August 11, 2021. Ken Stillwell, COO and CFO, will deliver insights during the KeyBanc Capital Markets' 2021 Technology Leadership Forum on August 10 at 3:20 PM ET and the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 11 at 8:15 AM ET. Live webcasts of these presentations will be accessible on Pega's Investors page. The company focuses on innovative software that simplifies business processes.

Pegasystems Inc. (NASDAQ: PEGA) reported a strong second quarter of 2021, with total revenue reaching $325.7 million, marking a 43% increase year-over-year. The company achieved a net income of $37.3 million compared to a loss of $20.7 million in Q2 2020, and diluted earnings per share also improved to $0.43 from ($0.26).

Annual contract value grew 22% year-over-year, driven by the growth in Pega Cloud and Client Cloud. The financial metrics indicate a significant recovery as clients increasingly prioritize digital transformation.

Accenture and Pegasystems have launched PostingConnect, a new technology platform designed to streamline the relocation process for the Australian Defence Force (ADF). This initiative aims to assist nearly 20,000 ADF members and their families who relocate each year. PostingConnect simplifies and automates the relocation process, providing a user-friendly mobile app that enables service members to manage logistics and receive timely reminders. The Department of Defence has expressed satisfaction with the platform, highlighting its significant positive impact on ADF personnel and their families.

Pegasystems Inc. (NASDAQ: PEGA) announced it will report its financial results for Q2 2021 on July 28, 2021, after market close. A conference call will take place at 5:00 p.m. EDT where the public and investors can participate and ask questions. Participants can join by calling 1-866-548-4713 (domestic) or 1-323-794-2093 (international), or via a webcast. A replay will also be available on the company's website.

Pegasystems Inc. (NASDAQ: PEGA) has been recognized as a Leader in the Gartner Magic Quadrant for the CRM Customer Engagement Center for the 12th consecutive year. This recognition highlights Pega's strength in customer service software and its ability to engage customers effectively through its Pega Customer Service solution, part of the Pega Infinity digital transformation suite. The company is also acknowledged for its leadership in AI and automation capabilities, further enhancing customer experience.

Pegasystems Inc. (NASDAQ: PEGA) announced a quarterly cash dividend of $0.03 per share, set to be paid on July 15, 2021, to shareholders recorded by July 1, 2021. This decision continues the company's commitment to its dividend program. Pegasystems specializes in software that simplifies business complexity, enhancing customer service and operational efficiency through AI-driven solutions.

Pegasystems Inc. (NASDAQ: PEGA) announced an expansion of its share repurchase program, increasing its authorized repurchase amount from $21.7 million to $60 million. The repurchase program's expiration date has also been extended to June 30, 2022. The repurchases will occur in the open market or through negotiated transactions, adhering to regulatory requirements. This move aims to enhance shareholder value, and details of actual repurchases will be disclosed in future SEC filings.

Pegasystems (NASDAQ: PEGA) has been selected by the Royal Navy and Royal Air Force to create a low-code platform for recruitment. This application aims to streamline the recruitment process, reducing cycles from months to as little as 30 days. The RN and RAF receive about 180,000 candidate inquiries yearly, aiming to recruit 8,500 personnel. The platform will enhance candidate experience through intelligent automation, enabling rapid updates by recruiters, facilitating a modern, data-driven recruitment approach. The project underscores Pegasystems' commitment to digital transformation in public service.

Pegasystems (NASDAQ: PEGA) announced that its COO and CFO, Ken Stillwell, will present at two upcoming virtual investor conferences. The first is the BofA Securities 2021 Global Technology Conference on June 8, 2021, at 2:30 PM ET. The second is the Nasdaq 44th Investor Conference on June 16, 2021, at 9:00 AM ET. Live webcasts of the presentations will be available on Pega's Investors page, with archives accessible for a limited time.