Welcome to our dedicated page for Pegasystems news (Ticker: PEGA), a resource for investors and traders seeking the latest updates and insights on Pegasystems stock.
Pegasystems Inc (NASDAQ: PEGA) provides cutting-edge customer engagement and business process management solutions for global enterprises. This news hub offers investors and professionals centralized access to official announcements, financial updates, and strategic developments from the leader in AI-powered CRM software.
Track PEGA's latest earnings reports, product innovations, and partnership announcements alongside analysis of their market impact. Our curated collection includes regulatory filings, leadership updates, and technology breakthroughs related to their cloud-native Pega Infinity platform.
Key coverage areas include enterprise software trends, digital transformation initiatives, and competitive positioning in the BPM sector. Bookmark this page for real-time updates on PEGA's solutions for financial services, healthcare, and insurance industries - sectors where operational efficiency directly impacts competitive advantage.
Pegasystems (NASDAQ: PEGA) announced new low-code capabilities at PegaWorld iNspire, enabling both professional and citizen developers to create modern user interfaces on the Pega Platform. These enhancements include a React-based architecture that increases app performance by up to three times, a lightweight design reducing code transfer by 75%, and context-aware APIs for seamless front-end updates. These features are set for release by the end of Q2 2021, aiming to simplify the development process and improve user experiences.
Pegasystems Inc. (NASDAQ: PEGA) reported its Q1 2021 financial results, highlighting an 18% year-over-year revenue increase to $313.5 million and a 23% growth in subscription revenue. CEO Alan Trefler emphasized the ongoing digital transformation initiatives among clients, which are driving demand for low-code solutions. The company achieved a significant reduction in net losses of 74%, down to $6.6 million from $25.4 million previously. Non-GAAP net income soared by 448% to $22.1 million, reflecting strong performance in its cloud transition and business strategy.
Pegasystems Inc. (NASDAQ: PEGA) has announced the winners of the second annual Pega Community Hackathon, which attracted over 640 participants and featured 75 projects aimed at simplifying business processes. The event concluded with various awards, including Best in Show for the 'Sproute' app by srcLogic, which enhances employee growth. Other notable awards were given for crisis management solutions and funding platforms aiding businesses affected by the pandemic. The winners share over $13,000 in prizes and their projects will be featured in the Pega Community.
Pegasystems Inc. (NASDAQ: PEGA) released findings from a global study conducted by Savanta, indicating the growing importance of real-time decisioning technology in enhancing customer experience and reducing churn. The research, which surveyed over 3,500 decision-makers across various industries, revealed that 68% prioritize keeping pace with rising customer expectations, while 46% report low customer engagement. Although 61% of users of real-time solutions experience reduced churn, barriers to broader adoption persist, with 78% citing personnel challenges. Maximizing the use of real-time tools remains crucial for businesses.
Pegasystems Inc. (NASDAQ: PEGA) will report its first quarter 2021 financial results on April 28, 2021, after market close. An audio-only conference call and webcast will take place at 5:00 p.m. EDT the same day, allowing public participation via phone or online. Pegasystems specializes in software solutions that simplify business operations, leveraging AI and intelligent automation to enhance efficiency and customer engagement.
Pegasystems Inc. (NASDAQ: PEGA) announced the launch of Pega Process AI, a cutting-edge solution designed to enhance business and customer operations through real-time optimization. This software employs self-optimizing AI and decision management within its low-code process automation platform, enabling organizations to handle millions of incoming requests efficiently.
With capabilities such as advanced event processing and machine learning, Pega Process AI aims to streamline workflows, reduce operational costs, and elevate customer experiences. The product is set to be available for clients by the end of Q2 2021.
Pegasystems Inc. (NASDAQ: PEGA) released a study indicating that successful intelligent automation deployments require greater executive buy-in, organization-wide implementation, and robust governance. The research surveyed 1,000 leaders across 12 countries, highlighting that 81% of automation deployments are led by a single C-level executive. Only 18% report full C-suite collaboration, which correlates with better project outcomes. Additionally, 30% of organizations lack a formal governance structure for automation projects, emphasizing the need for comprehensive executive support.
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.
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