Pegasystems Inc Stock Price, News & Analysis

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.

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.