Pegasystems Inc Stock Price, News & Analysis

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.

A recent study by Pegasystems (NASDAQ: PEGA) reveals that a lack of accountability in the private sector will prompt governments to assume AI regulation responsibilities within five years. Conducted by iResearch, the survey of 1,350 C-level executives highlighted that 75% anticipate government oversight for AI governance, with 65% deeming current regulations inadequate. Additionally, 52% of respondents noted that the pandemic accelerated hyperautomation opportunities, but integration challenges remain significant.

Pegaworld iNspire held on May 4, 2021, Pegasystems Inc. announced its acquisition of Qurious.io. This cloud-based platform uses real-time speech analytics to enhance customer service interactions. The acquisition aligns with Pega's strategy to integrate AI into customer service, offering agents actionable insights to resolve complex customer issues. Founded in 2016, Qurious.io leverages speech-to-text and natural language processing technologies. The company aims to leverage this acquisition to broaden its market reach and enhance its customer service solutions while details about the transaction value remain undisclosed.

Pegasystems Inc. (NASDAQ: PEGA) announced a quarterly cash dividend of $0.03 per share for Q1 2021, maintaining its current dividend program. This dividend will be paid on January 15, 2021, to shareholders of record as of January 1, 2021. Pegasystems is focused on delivering innovative software to reduce business complexity for leading enterprises, powered by real-time AI and intelligent automation.