Pegasystems Inc - PEGA STOCK NEWS

Pegasystems Inc. (NASDAQ: PEGA) announced new enhancements to its Pega Platform™ aimed at empowering citizen developers. These include new application templates, training courses, and consulting services designed to expedite the creation of low-code applications while minimizing IT burden. The demand for developers exceeds supply, prompting organizations to leverage non-IT staff for app development. Through effective governance, Pega aims to limit risks associated with citizen development, ensuring a balance between innovation and security.

Pegasystems Inc. (NASDAQ: PEGA) reported a 20% increase in total revenue, reaching $376 million for Q1 2022, compared to $313 million in Q1 2021. The company achieved a gross margin improvement to 77%. Non-GAAP net income rose by 112% to $50 million, with diluted earnings per share increasing by 119% to $0.59. CEO Alan Trefler emphasized the demand for Pega’s low-code platform, while COO Ken Stillwell highlighted the focus on growth and profitability amid economic challenges.

Pegasystems Inc. (NASDAQ: PEGA) is set to announce its financial results for the first quarter of 2022 on April 28, 2022, after market close. A conference call and audio-only webcast will take place at 5:00 p.m. EDT on the same day, allowing public and investor participation. Those interested can dial in or join via the company's website. A replay will also be accessible thereafter. Pegasystems emphasizes its commitment to delivering innovative software that helps businesses manage complexity and enhance efficiency.

Pegasystems Inc. announced that Nationwide Building Society has deployed Pega Smart Dispute for Issuers, enhancing its Visa card disputes process. This deployment reduced the number of systems from 15 to 2, improving agent performance and customer satisfaction by cutting dispute processing time by approximately 15%. The implementation was driven by a significant increase in Visa disputes, which surged 251% due to the COVID-19 pandemic. Nationwide aims to further improve member experience and operational efficiency using Pega's technology.

Pegasystems Inc. (NASDAQ: PEGA) announces keynote speakers for PegaWorld iNspire, its 20th annual virtual conference on May 24-25, 2022. Industry leaders from Booking.com, Lloyds Banking Group, and T-Mobile will present strategies for enhancing customer engagement and operational efficiency. This year’s theme focuses on navigating business complexities and adapting to rapid changes. The free event will offer various sessions, including industry insights and technology demonstrations. For more information and registration, visit pega.com/events/pegaworld.

Pegasystems Inc. (NASDAQ: PEGA) announced multiple awards recognizing its achievements in technology innovation and organizational excellence as of March 24, 2022. Awards included rankings from the Boston Business Journal and Boston Globe, highlighting Pega's contributions to corporate culture and diversity. Additionally, Pega was awarded the Tech Cares Award for community support and received distinctions for its Pega Process AI and Ethical Bias Check products. The company emphasizes its commitment to delivering efficient and innovative solutions to enhance client and employee experiences.

Research by Pegasystems reveals that operations teams believe insufficient technology investment hinders effectiveness. Conducted by iResearch across 10 countries, the study shows 50% of operations leaders feel underfunded, while 64% assert that increased technology investment would significantly enhance team efficiency. Key findings include: 71% predict automation will transform operations, a preference for hybrid operational models, and a need for upskilling in digital competencies. The next five years are projected to bring significant changes, necessitating a focus on technology to bolster operational resilience.

Pegasystems (NASDAQ: PEGA) announced updates to its Pega Infinity™ software suite on March 22, 2022, designed to accelerate app deployment, enhance workflows, and improve customer and employee experiences. The new release includes AI-powered features like Customer Profile Viewer and Action Performance Tracker, aimed at personalizing customer interactions. With enhancements in Pega Customer Service and Pega Platform, organizations can leverage low-code innovation and automation to boost productivity and adapt to market challenges, especially amid labor shortages.

Pegasystems announces a quarterly cash dividend of $0.03 per share for Q2 2022, consistent with its ongoing dividend program. This dividend will be paid on April 15, 2022, to shareholders on record as of April 1, 2022. The company emphasizes its commitment to enhancing shareholder value through steady dividends while continuing to innovate its software solutions.