Pegasystems Inc - PEGA STOCK NEWS

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.

Pegasystems Inc. (NASDAQ: PEGA) has been recognized as a category leader by Chartis in its 2022 KYC Solutions report, receiving the highest scores in three out of four evaluation categories: KYC customer onboarding, KYC risk scoring, and reporting/dashboarding. Pega's low-code platform is leveraged by major financial institutions to streamline KYC compliance, reducing onboarding costs and time. The company stands out for its ability to manage complex regulations across jurisdictions and to integrate data efficiently from various sources, reinforcing its market position.

Pegasystems Inc. (PEGA) reported a strong Q3 2022, with a 16% annual contract value (ACV) growth in constant currency. Pega Cloud ACV increased by 39%, and total backlog saw an 11% growth year over year. Despite revenue reaching $270.7 million, the company reported a net loss of $93.5 million for the quarter, a 66% increase compared to the previous year. CEO Alan Trefler emphasized profitable growth, while COO Ken Stillwell highlighted challenges from foreign exchange fluctuations. The company aims for the Rule of 40 by 2024.