Pegasystems Inc - PEGA STOCK NEWS

Pegasystems Inc. reported a strong performance for Q4 and full-year 2022, highlighting a 16% year-over-year growth in Annual Contract Value (ACV) and a 70% gross margin for Pega Cloud. Total revenue increased by 25% to $396 million in Q4 and 9% to $1.32 billion for the year. Notably, subscription revenue surpassed $1 billion. The company anticipates an 11%-13% growth in ACV for 2023, with projected free cash flow reaching $150 million. Despite a GAAP net loss of $345 million, non-GAAP metrics showed significant improvement, including a diluted EPS of $0.82 for Q4.

Pegasystems (NASDAQ: PEGA), a leading low-code platform provider, announced that Ken Stillwell, COO and CFO, will present at several upcoming investor conferences. The conferences include the JMP Securities Technology Conference on March 6, 2023, KeyBanc Capital Markets 2023 Emerging Technology Summit on March 8, 2023, and the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2023. All presentations will take place in San Francisco, CA. Archives of the presentations will be available on Pega's Investors page for a limited time.

Pegasystems Inc. (NASDAQ: PEGA) will report its financial results for Q4 and fiscal year 2022 on February 15, 2023, after market close. The company is inviting public participation in a conference call and audio-only webcast at 5:00 p.m. EST on the same day. Investors can access the call via phone or a webcast link available on the company’s website. A replay of the call will be accessible shortly after. Pegasystems aims to deliver AI-powered decisioning and workflow automation to help organizations navigate their business challenges.

Pegasystems Inc. (NASDAQ: PEGA) announced a quarterly cash dividend of $0.03 per share, continuing its dividend program. The dividend for Q1 2023 will be paid on January 17, 2023 to shareholders on record as of January 3, 2023. This move reflects the company's commitment to returning value to its shareholders while leveraging its low-code platform to aid organizations in adapting to market changes.

Pegasystems Inc. (NASDAQ: PEGA) has enhanced its Pega Smart Investigate™ platform to assist banks in managing financial sanction investigations more efficiently. The updates allow for automation within Swift-based exceptions management software, significantly cutting investigation resolution time from weeks to days, minimizing manual errors, and improving compliance. The new features also include an event visualizer, support for regional payment exceptions, and enhanced accessibility. This development responds to the growing demand for effective sanction management amid increasing geopolitical sanctions.

Pegasystems Inc. (NASDAQ: PEGA) announces that Ken Stillwell, COO and CFO, will present at the RBC Capital Markets 2022 Technology, Internet, Media, and Telecommunications Conference. The presentation is scheduled for November 16, 2022, at 2:35 p.m. EST in New York, NY. An archive of the presentation will be available on Pega's Investors page for a limited time. Pega's low-code platform empowers organizations to enhance agility through AI-driven decisioning and workflow automation.

Pegasystems Inc. (NASDAQ: PEGA) announced the winners of its third annual Pega Community Hackathon on Nov. 2, 2022, which saw a 70% increase in participation, totaling over 1,100 registrants. The hackathon showcased innovative apps aimed at solving real-world issues. The Best in Show award went to IQZ Systems for their Heal & Hale solution focused on employee mental health. A total of $24,500 in prizes was distributed among participants, highlighting the significant engagement of the ecosystem in developing applications that address pressing business challenges.

Pegasystems Inc. (NASDAQ: PEGA) is collaborating with Amazon Web Services (AWS) to enhance child welfare agencies' operations. This partnership aims to modernize outdated systems, allowing caseworkers to access critical data swiftly and streamline processes. Key benefits include seamless department integrations, flexibility to adapt to policy changes, and reduced implementation time. The technology's AI-driven features improve decision-making and efficiency, ultimately supporting better outcomes for children and families in need.