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. reports company news tied to its AI-powered platform for enterprise transformation, including workflow automation, customer engagement, legacy-system modernization, and Pega Cloud adoption. Updates commonly cover financial results, Annual Contract Value trends, cloud momentum, investor conference participation, and capital actions such as quarterly dividends.
Product announcements also center on Pega Blueprint, Pega Customer Service, Pega Process Mining, and government-focused tools for secure application and workflow modernization, along with customer and partner activity around enterprise AI deployments.
Pegasystems Inc. (NASDAQ: PEGA) announced its Q2 2020 financial results, showcasing an 11% increase in total revenue to $227.4 million, compared to $205.6 million in Q2 2019. Subscription revenue surged 38% year over year, driven by the company’s cloud transition. The net loss improved 36% to $20.7 million, resulting in a diluted loss per share of $0.26. With over $500 million in cash, Pegasystems is positioned to capture a larger share of the $50 billion digital transformation market. The company's management expressed confidence in long-term growth prospects.
Pegasystems Inc. (NASDAQ: PEGA) will report its financial results for Q2 2020 on July 28, 2020, after market close. A conference call will follow at 5:00 p.m. EDT, inviting public participation. Investors can access the call via a dedicated phone line or a webcast. Pega is recognized for its cloud software that enhances customer engagement and operational excellence. The company has been instrumental in driving digital transformation across enterprises globally.
Pegasystems Inc. (NASDAQ: PEGA) announced that the Internal Revenue Service (IRS) has selected its Pega Government Platform™ to modernize operations through a new Enterprise Case Management (ECM) system. This collaboration aims to enhance efficiency, reduce costs, and streamline taxpayer services. The low-code platform allows for rapid application development and flexibility in adapting to future needs. Pega's solutions are designed to unify existing technologies, facilitating faster case resolutions and improved services for both employees and taxpayers.
Pegasystems Inc. (NASDAQ: PEGA) announced the winners of its inaugural Pega Community Hackathon 2020, which attracted over 750 registrants. The six-week event aimed to improve customer and employee experiences during the COVID-19 crisis, resulting in 75 final projects. Angelo Mermiklis won Best in Show for his application 'V for Volunteer'. Other winners included srcLogic's 'Pyra' and Cognizant's 'Empathia', among others. Each winner received cash prizes, with the Best in Show also earning passes to PegaWorld iNspire 2021.
Summary not available.
Pegasystems has expanded its share repurchase program to $60 million from $39.5 million, extending the expiration date to June 30, 2021. This allows the company to buy back shares as market conditions deem appropriate. Additionally, Pegasystems announced a quarterly cash dividend of $0.03 per share, payable on July 15, 2020. The repurchases will comply with the Securities Exchange Act's rules, and details will be reported in future SEC filings. This strategic move may enhance shareholder value and confidence in the company's financial stability.