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) generates a steady flow of news centered on its AI-powered enterprise transformation platform, product innovation, analyst recognition, and financial performance. Investors and observers following PEGA news can see how the company positions its technology for automating workflows, personalizing customer experiences, and modernizing legacy systems for large organizations.
Recent announcements highlight new product capabilities, such as advanced agentic AI features in Pega Client Lifecycle Management (Pega CLM) for financial institutions. These updates focus on automating client onboarding, KYC processes, document processing, screening, and risk assessment across jurisdictions. Other product news covers enhancements to Pega Blueprint, the company’s AI-powered workflow design agent, including expanded privacy, security, and data sovereignty features like regional data residency, client-level file storage separation, and federated access controls.
Pegasystems also regularly reports on analyst evaluations and industry recognition. The company has announced being named a Leader in The Forrester Wave™: Real-Time Interaction Management Software and in other Forrester and Gartner reports covering AI decisioning, CRM, business orchestration and automation technologies, and process mining platforms. These stories provide context on how independent research firms view Pega’s platform capabilities.
Financial and investor-related news includes quarterly earnings releases, updates on metrics such as Annual Contract Value (ACV) and Pega Cloud ACV, and information on share repurchases and cash flow. Pegasystems also issues notices about upcoming investor conferences where its executives present, as well as dividend declarations under its quarterly cash dividend program.
Together, PEGA news items offer insight into the company’s product roadmap, AI and automation strategy, recognition from analyst firms, and ongoing financial and capital markets activity. Readers interested in enterprise software, AI decisioning, workflow automation, and legacy modernization can use this news feed to monitor Pegasystems’ latest developments.
Pegasystems Inc. (NASDAQ: PEGA) released a study revealing that businesses face increased customer dissatisfaction due to inconsistent service quality across digital channels. Conducted by Savanta, the survey of 12,700 respondents highlights that 77% of customers would switch businesses due to poor service. While businesses improved omnichannel service from 55% to 68% since 2019, 80% acknowledge service quality varies. Key priorities include enhancing resolution capabilities across all channels, improving self-service, and investing in AI technology, with 85% of businesses planning AI investments in the coming years.
Pegakystems (NASDAQ: PEGA) has announced that Ken Stillwell, COO and CFO, will present at two upcoming investor conferences. The first is the 16th Annual Needham Technology & Media Conference on May 19, 2021, at 11:45 AM ET. The second is the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2021, also at 11:45 AM ET. Live webcasts will be available on Pega's Investors page, with archives accessible for a limited time.
Pegasystems, a software company, announced that Carola Cazenave, VP of Global Partner Ecosystems, has been named to CRN's 2021 Power 100 list. This honor recognizes her leadership in the IT channel, highlighted by the launch of the new Pega Partners program aimed at enhancing partner engagement and support. The company surpassed $1 billion in annual revenue, attributing this success to its strong partner ecosystem. Additionally, six other Pega women were listed in the Women of the Channel for 2021, showcasing the company’s commitment to diversity and inclusion.
Pegasystems (NASDAQ: PEGA) has launched the Pega Partners program aimed at accelerating digital transformation for clients. This new initiative simplifies partner collaboration through streamlined resources, enabling faster access to qualified partners across various tech and industry solutions. Key benefits include accelerated time to value, a growing marketplace of solutions, and enhanced partner vetting and training. The program was announced during PegaWorld iNspire, showcasing the company's commitment to client satisfaction and partner ecosystem growth.
Pegasystems Inc (NASDAQ: PEGA) announced the release of Pega Infinity 8.6 during PegaWorld® iNspire on May 4, 2021, aimed at enhancing digital transformation (DT) initiatives. The upgraded software features advanced low-code, intelligent automation, and AI capabilities, facilitating faster and simpler deployments for large enterprises. New functionalities include process optimization through Pega Process AI, improved customer engagement, and enhanced user interface design. The platform is expected to be available by the end of Q2 2021, addressing the growing demand for efficient digital solutions.
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.
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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.
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