Pegasystems Inc Stock Price, News & Analysis

Pegasystems Inc. (NASDAQ: PEGA) will host its PegaWorld iNspire conference virtually on May 4, 2021, featuring keynotes from top executives at Pfizer, Wells Fargo, and StepChange. The event focuses on digital transformation and personalized engagement, addressing complex business challenges. Attendees can choose from industry-specific sessions, including insights from companies like FedEx and Google. CEO Alan Trefler emphasizes the ongoing acceleration of digital transformation within organizations.

Pegasystems Inc. (NASDAQ: PEGA) announced a quarterly cash dividend of $0.03 per share, consistent with its existing dividend program. The dividend for Q2 2021 will be paid on April 15, 2021, to shareholders on record as of April 1, 2021. This announcement underscores the company’s commitment to returning value to its shareholders while maintaining a stable financial position.

Pegasystems (NASDAQ: PEGA) announced the appointment of three strategic leaders to enhance sales and ecosystem growth on March 8, 2021. John Higgins has joined as head of global consulting and client success, Judy Buchholz as head of commercial sales for the Americas, and Joaquin Reixa as head of sales for EMEA. These experienced hires from Salesforce, IBM, and ServiceNow aim to improve client experiences and leverage partner ecosystems, positioning Pega for ambitious growth during the ongoing pandemic recovery.

Pegasystems Inc (NASDAQ: PEGA) has received approval for its software to be included in the U.S. Army's ITES-SW2 CHESS federal contract vehicle through immixGroup, enhancing procurement processes for federal agencies. This approval aims to aid agencies in their digital transformation efforts using Pega Government Platform™ and Pega Customer Service™ solutions. The contract's base period is from Aug. 31, 2020, to Aug. 30, 2025, with a potential extension until Aug. 30, 2030. This partnership is expected to streamline contracting activities, helping federal agencies meet modernization goals.

Pegасystems (NASDAQ: PEGA) announced new enhancements for Pega Mobile designed to streamline mobile app development. The updates feature a low-code interface that allows both novice and professional developers to create mobile apps more efficiently. Key improvements include a modern user experience, enhanced authoring features, customizable branding options, and expanded offline capabilities. These tools aim to facilitate a true mobile-first approach, allowing organizations to manage app updates seamlessly across all platforms.

Pegasystems Inc. (NASDAQ: PEGA) reported its Q4 and full-year 2020 financial results, showing a total revenue increase of 12% to $1.02 billion. Notably, Pega Cloud ACV surged 50% year-over-year, reaching $267 million, with gross margins expanding from 51% to 63%. GAAP net income for Q4 was $4 million, up from $918,000 in 2019. For 2021, the company forecasts revenues of $1.25 billion and a GAAP net loss of $115.2 million. Despite past losses, Pega aims for future profitability through growth in cloud revenue and improved margins.

Pegasystems (NASDAQ: PEGA) has announced that Ken Stillwell, CFO and SVP, will present at the KeyBanc Capital Markets Virtual Emerging Technology Summit on February 23, 2021, at 11:35 AM ET. Additionally, CEO Alan Trefler will speak at the JMP Securities Virtual Technology Conference on March 1, 2021, at 12:00 PM ET. Live webcasts will be available on Pega's Investors page, along with archives post-event.

Pegasystems Inc. (NASDAQ: PEGA) will announce its financial results for the fourth quarter and fiscal year 2020 on February 17, 2021, after market close. A conference call and audio-only webcast will take place at 5:00 p.m. EST on the same day, inviting public participation. Interested parties can join via phone or webcast. The event will be accessible for replay on Pegasystems' website. The company focuses on delivering innovative software solutions aimed at overcoming business complexity and enhancing operational efficiency.