Pegasystems Inc - PEGA STOCK NEWS

Pegasystems (NASDAQ: PEGA) has signed the United Kingdom Armed Forces Covenant, committing to support service personnel, reservists, veterans, and military families. This initiative aims to ensure fair treatment for these individuals and highlights Pega's commitment to employing service leavers. The signing will foster a better working environment and offer benefits like flexible leave for servicemembers' families. Key figures, including Vice Admiral Nick Hine and Hayden Stafford, emphasized the importance of recognizing the contributions of military personnel within the corporate sphere.

Pegasystems Inc. reveals in a recent study that IT departments will undergo significant transformation over the next five years. Conducted by iResearch across 10 countries, the survey found that 51% of IT leaders lack confidence in their teams' ability to drive change. Moreover, 58% reported wasted investments ranging from $1 million to $10 million on ineffective solutions. However, the study also highlights opportunities for increased value through decentralization, improved skills, and a more collaborative environment, which could enhance decision-making and operational efficiency.

Pegasystems Inc. (NASDAQ: PEGA) has been recognized by Gartner in its 2021 reports for Enterprise Low-Code Application Platforms and Multiexperience Development Platforms. Pega achieved the highest score for the Business Workflow Automation Use Case among 12 vendors and ranked in the top three across all evaluated Use Cases. In the MXDP report, Pega led in key areas like Conversational App Development. These accolades reinforce Pega's commitment to innovative solutions that enhance user engagement and business agility.

Pegasystems Inc. (NASDAQ: PEGA) will present at the RBC Capital Markets' Global Technology, Internet, Media, and Telecom Conference on November 16, 2021, at 8:00 a.m. EST. Ken Stillwell, COO and CFO, will lead the presentation.
A live webcast can be accessed on the Investors page of Pega's website, with an archive available for a limited time after the event.

Pega offers innovative software that helps businesses streamline operations and enhance customer service through real-time AI and automation.

Pegaystems Inc. (NASDAQ: PEGA) has announced a strategic collaboration with Google Cloud aimed at enhancing patient experiences in healthcare through improved data insights and personalization. This partnership combines Google Cloud's Healthcare Data Engine with Pega's intelligent healthcare solutions, allowing organizations to better manage data from various sources. The integration is expected to facilitate optimal care delivery, real-time decision-making, and improved health outcomes for numerous individuals.

Pegasystems (NASDAQ: PEGA) announced its Q3 2021 financial results, highlighting a 13% increase in total revenue to $256.3 million, compared to $225.9 million in Q3 2020. The company's net loss rose by 193% to $56.5 million. However, cloud revenue surged by 77% year-over-year to $197 million, with strong performance noted in both Pega Cloud and Client Cloud segments. The firm emphasizes its role in aiding organizations' digital transformation efforts amidst ongoing complexities.

Pegasystems Inc. (NASDAQ: PEGA) will report its financial results for Q3 2021 on October 27, 2021, after market close. An investor conference call is scheduled for the same day at 5:00 p.m. EDT, where participants can join via phone or webcast. Pega focuses on delivering software solutions that simplify business processes and enhance operational efficiency. The company aims to help leading brands improve customer experiences through real-time AI and low-code platforms. More details can be accessed on the company's website.

Pegasystems Inc. (NASDAQ: PEGA) announced enhancements to Pega Smart Investigate™, enabling banks to support the ISO 20022 standard for payment data communication. This upgrade allows financial institutions to seamlessly transition to this global standard ahead of the SWIFT adoption date in 2022 and the migration deadline in 2025. Pega's solution is designed to manage exceptions more efficiently and is compatible with both ISO 20022 messages and existing SWIFT formats, facilitating an improved banking experience for clients.

Pegasytems Inc. (NASDAQ: PEGA) announced a collaboration with the NSW Government to enhance the building bond management process via the Strata Hub. This initiative digitizes the Strata Building Bond and Inspections Scheme (SBBIS), providing greater transparency, efficiency, and real-time updates to developers, inspectors, and owners. The previous manual process involved cumbersome paperwork, while the new system, including the SBBIS Inspect app, streamlines reporting and communication, allowing for improved handling of bonds estimated at over $66.5 million for building defect repairs.