Pegasystems Inc Stock Price, News & Analysis

Pegasystems Inc. (NASDAQ: PEGA), a leader in digital transformation software, will present at the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020, at 8:00 a.m. EST. The presentation will be delivered by CFO Ken Stillwell and will be accessible via webcast on the Investors page of their website. Pega focuses on AI-powered software to enhance customer engagement and operational efficiency, helping enterprises drive digital transformation.

Pegasystems Inc. (NASDAQ: PEGA) announced that Ken Stillwell, CFO and CAO, will present at the 2020 Wells Fargo TMT Summit. The conference is scheduled for December 2, 2020, at 10:00 a.m. EST, accessible via webcast on Pega's Investors page. Pega is a leader in cloud software focused on customer engagement and operational excellence, empowering businesses with AI-driven solutions for enhanced customer interactions and operational efficiency.

Pegasystems Inc. (NASDAQ: PEGA) launched the first-ever Pega RPA Auto-balancing feature, which automates bot workload management using AI. This innovation allows organizations to optimize their bot resources without human intervention, reducing unnecessary licensing costs. The feature dynamically reallocates bots based on real-time work demands and prioritizes critical tasks when necessary. This release complements previous automation advancements such as Pega X-ray Vision and Pega Synchronization Server, fostering a fully automated RPA lifecycle, aimed at improving efficiency and reducing operational costs.

Pegасystems (NASDAQ: PEGA) announced that Tokio Marine Kiln (TMK) has chosen the Pega Platform and Pega Cloud to enhance operational efficiency and reduce costs. TMK, an international underwriting business, seeks to consolidate its processes and improve its underwriting journey. The partnership aims to create a unified digital platform to streamline operations and enhance compliance. A working prototype was developed in just four days, demonstrating Pega's capabilities in automating TMK's complex processes, supporting faster deployment and improved scalability.

Pegasystems Inc. (NASDAQ: PEGA) reported Q3 2020 financial results, reflecting resilience amid challenges. Subscription revenue surged by 27% year-over-year, signaling continued growth in cloud transitions. Overall, total revenue increased 4% to $225.9 million, while year-to-date revenue climbed 13% to $718.9 million. Net losses improved by 36% to $19.3 million (GAAP). With over $450 million in cash and investments, Pegasystems is well-positioned to capture opportunities in the $50+ billion digital transformation market.

Pegasystems, Inc. (NASDAQ: PEGA) announced a collaboration with StepChange Debt Charity to create an online service to assist UK citizens facing financial hardships due to the pandemic. The new Covid Payment Plan (CVPP) enables users to apply for debt relief quickly and efficiently. Over two million people in the UK are expected to be impacted by debt. StepChange aims to assist those in need by offering short-term relief for qualifying individuals. The CVPP is designed for high demand, capable of handling up to 10,000 concurrent users and leveraging existing Pega technologies for rapid deployment.

Pegasystems (NASDAQ: PEGA) has been named a Leader in Forrester's Q4 2020 Real-Time Interaction Management (RTIM) report. The company achieved top scores in two of three main categories—current offering and strategy—and received the highest score in 25 of 30 criteria evaluated. Forrester's report noted Pega's superior performance in areas such as customer recognition and innovation roadmap, highlighting its impact on customer-focused outcomes through its AI-powered Customer Decision Hub. This recognition underscores Pega's significant contributions to digital transformation and operational efficiency for enterprises.

Peg systems Inc. (NASDAQ: PEGA) will release its third-quarter financial results on October 28, 2020, after market close. A conference call will follow at 5:00 p.m. EDT, allowing public participation via phone or webcast. This report is crucial for investors seeking insights into Pega's financial performance during the quarter, as the company continues its focus on digital transformation and operational excellence. For detailed updates, stakeholders can access the company’s website for the webcast and earnings call replay.