Pegasystems Inc Stock Price, News & Analysis

Pegasystems (NASDAQ: PEGA) has announced two upcoming investor conference presentations by Ken Stillwell, COO and CFO. The first presentation will be at the UBS Global Technology and AI Conference on December 3, 2024, at 12:15 p.m. MST in Scottsdale, AZ. The second presentation will take place at the Barclays 22nd Annual Global Technology Conference on December 12, 2024, at 8:40 a.m. PST in San Francisco, CA. Both presentations will be accessible via live webcast, with archives available on Pega's Investors page for a time.

Pegasystems (NASDAQ: PEGA) has appointed Ravesh Lala as head of its legacy transformation practice. Lala brings over 20 years of experience from IBM, where he previously served as vice president for industry solutions in IBM Cloud for Financial Services. The appointment aims to help clients modernize legacy applications and accelerate cloud transformation using Pega GenAI Blueprint, the company's AI-infused workflow design platform. The platform has generated more than 60,000 blueprints since launch, making it Pega's fastest-adopted solution. New AI-driven legacy discovery capabilities will help IT teams analyze existing systems and reimagine workflows while reducing technical debt.

Pegasystems has launched new AI-driven legacy discovery capabilities in Pega GenAI Blueprint to accelerate legacy system modernization. The platform now enables IT teams to analyze existing systems rapidly and reimagine workflows while reducing technical debt. Key features include analysis of workflows through BPMN files, process mining analysis, data definitions through DDL files, and integration analysis via OpenAPI documents.

The solution has generated over 60,000 blueprints since launch, making it Pega's fastest-adopted solution. The platform releases new features weekly, including enhanced Live Preview and new automation types. This development addresses the technical debt crisis, which according to a Protiviti survey, impacts innovation ability in nearly 70% of organizations.

Pegasystems (NASDAQ: PEGA) has announced its participation in the upcoming RBC Capital Markets Technology, Internet, Media & Telecommunications Conference. Ken Stillwell, COO and CFO, will deliver a presentation on Tuesday, November 19, 2024, at 11:20 a.m. EST in New York. The presentation will be accessible via live webcast, with archived recordings available on Pega's Investors webpage for a time.

Pegasystems (NASDAQ: PEGA) has announced the general availability of Pega Infinity 24.2, introducing enhanced generative AI capabilities across its enterprise platform. Key updates include expanded LLM flexibility supporting AWS Amazon Bedrock and Google Cloud Vertex AI, the new Pega GenAI Blueprint for faster application development, and improved customer service features. The release enhances the Pega Platform, Customer Decision Hub, Customer Service, and Sales Automation solutions with AI-powered tools for better customer engagement and workflow automation. Notable additions include custom GenAI Coaches, improved journey orchestration, and new integrations with Snowflake and Google BigQuery.

Pegasystems (NASDAQ: PEGA) has been recognized as a Leader in Gartner's Magic Quadrant for Enterprise Low-Code Application Platforms (LCAPs). The evaluation included 13 platforms based on Completeness of Vision and Ability to Execute. According to Gartner, by 2028, 60% of software development organizations will use enterprise LCAPs as their main internal developer platform, up from 10% in 2024.

The evaluation focused on Pega's Infinity suite, which combines AI-powered decisioning and workflow automation with a low-code environment. The suite includes Pega GenAI Blueprint, an app design-as-a-service tool that accelerates workflow design and implementation.

Pegasystems (NASDAQ: PEGA) reported strong Q3 2024 results with notable cloud growth. Annual Contract Value (ACV) increased 16% year over year (14% in constant currency), while Pega Cloud ACV grew 30% (26% in constant currency). The company generated $251 million in operating cash flow and $246 million in free cash flow for the first nine months of 2024. Total revenue was $325.1 million, down 3% year over year. While GAAP net loss widened to $14.4 million, non-GAAP net income reached $34.6 million. Pega Cloud revenue grew 22% to $144.1 million, representing 44% of total revenue.

Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform provider, has announced it will report financial results for the third quarter of 2024 on Wednesday, October 23, 2024, after market close. The company will host a conference call and audio-only webcast on Thursday, October 24, 2024, at 8:00 a.m. EDT.

Investors and the public are invited to join the call by dialing 1 (800) 715-9871 (domestic) or 1 (646) 307-1963 (international) using Conference ID 2282955. Alternatively, participants can join via webcast at https://events.q4inc.com/attendee/813806779 or by visiting www.pega.com. A replay of the call will be available on the company's website in the Investors section.

Pegasystems (NASDAQ: PEGA) announced its upcoming Government Empowered 2024 summit, scheduled for October 16, 2024, in Washington D.C. The event, now in its seventh year, aims to showcase how federal agencies can modernize systems to better serve citizens through digital transformation. The summit will feature presentations and discussions on technologies such as cloud, artificial intelligence (AI), and intelligent automation reshaping the public sector.

Attendees will gain insights from technology practitioners at key federal agencies, including the FBI, IRS, Social Security Administration, TSA, and Veterans Affairs. The event will also include experts from government technology solutions providers like Accenture Federal Services, AWS, Ernst & Young, and others. The summit focuses on demonstrating how software innovation and legacy modernization can enhance government efficiency and constituent outcomes.