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 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.
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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.