Welcome to our dedicated page for Pegasystems news (Ticker: PEGA), a resource for investors and traders seeking the latest updates and insights on Pegasystems stock.
Pegasystems Inc. (NASDAQ: PEGA) is a frontrunner in the realm of software for customer engagement and operational excellence. Founded in 1983, Pegasystems has crafted an impressive legacy of delivering award-winning solutions in customer relationship management (CRM) and business process management (BPM). The cornerstone of their offerings is the Pega Infinity platform, a unified cloud-architected suite that seamlessly integrates BPM and CRM functionalities.
The Pega Infinity platform empowers enterprises to rapidly deploy, extend, and adapt applications to meet evolving business needs. Leveraging advanced artificial intelligence and robotic automation, Pegasystems' software suite ensures that organizations can achieve breakthrough business results and maintain a competitive edge.
Pegasystems serves a wide array of enterprise-sized clients, focusing predominantly on the financial, insurance, and healthcare sectors. Their adaptive software solutions are designed to cater to the specific needs of these verticals, offering enhanced customer engagement through streamlined operations.
Notably, Pegasystems has formed strategic partnerships and collaborations that bolster its capability to deliver innovative solutions. These partnerships enhance Pega's ability to integrate cutting-edge technology and maintain its position as a leader in the software industry.
With a commitment to continuous improvement and innovation, Pegasystems remains at the forefront of the industry, providing robust solutions that drive efficiency and customer satisfaction. For the latest updates and news about Pegasystems, visit their official website at www.pega.com.
Pegasystems Inc. (NASDAQ: PEGA) has been recognized as the highest-ranked vendor in Gartner's 2024 Critical Capabilities for Sales Force Automation Platforms report. Pega Sales Automation received the highest scores for all use cases, including B2B, B2C, and Indirect/relationship Sales, for the fourth consecutive year.
The report highlights the importance of AI-powered sales execution and engagement solutions, emphasizing the need for vendors offering configurability and extensibility via sales AI studio/admin capabilities. Pega's solution, built on Pega Platform, helps automate and simplify complex sales processes to close deals faster and deepen customer relationships.
This recognition adds to Pega's recent analyst accolades, including being named a Leader in Forrester's Customer Service Solutions and Real-Time Interaction Management reports, as well as Gartner's Magic Quadrant for CRM Customer Engagement Center 2023.
Pegasystems Inc. (NASDAQ: PEGA), a leading enterprise AI decisioning and workflow automation platform provider, has announced its participation in two upcoming investor conferences. Ken Stillwell, COO and CFO of Pega, will be presenting at:
1. Citi 2024 Global TMT Conference on Thursday, September 5, 2024, at 11:40 a.m. EDT.
2. Goldman Sachs Communacopia & Technology Conference on Tuesday, September 10, 2024, at 7:30 a.m. PDT.
Both presentations will be available via live webcast, with links provided for interested parties. Archives of the presentations will be accessible from Pega's Investors page for a time, offering investors valuable insights into the company's strategies and performance.
Pegasystems Inc. (NASDAQ: PEGA) has announced an expansion of its relationship with Amazon Web Services (AWS) to deliver the Pega EU Service Boundary. This new offering, set to launch at the end of 2025, will leverage the AWS European Sovereign Cloud to help customers meet stringent digital sovereignty requirements within the European Union.
The Pega EU Service Boundary will provide:
- Data storage and processing within the EU
- Control and support by EU staff
- Enhanced digital sovereignty assurances at all service layers
- Flexibility of Pega Cloud while addressing regulatory requirements
This collaboration aims to serve public sector and highly regulated industries, offering operational autonomy and enhanced data protection measures.
Pegasystems Inc. (NASDAQ: PEGA), a leading enterprise AI decisioning and workflow automation platform provider, has announced its participation in an upcoming investor conference. Ken Stillwell, COO and CFO of Pega, will present at the Canaccord Genuity's 44th Annual Growth Conference & Private Company Showcase.
The in-person presentation is scheduled for Tuesday, August 13th, 2024, at 4:00 p.m. EDT (1:00 p.m. PDT). Interested parties can access a live webcast of the presentation through a provided link. Archives of the presentation will be available on Pega's website Investors page for a time after the event.
Pegasystems Inc. (NASDAQ: PEGA) has achieved FedRAMP® High Ready compliance and In Process status with the Department of Veterans Affairs for its Pega Cloud® for Government solution. This milestone advances Pega's federal agency capabilities, meeting the highest security standards required by the U.S. government for cloud services. FedRAMP High, the most rigorous standard, assesses IT solutions across hundreds of security controls based on NIST guidelines.
Pega Cloud for Government, powered by AWS GovCloud, offers tools and operational support for government agencies to develop applications optimized for their workloads. It helps streamline organizational complexity and improve operational efficiency while maintaining compliance with critical government standards. This achievement underscores Pega's commitment to providing secure, efficient, and compliant solutions for federal agencies' digital transformation initiatives.
Pegasystems (NASDAQ: PEGA) reported Q2 2024 results, highlighting a 13% YoY growth in Annual Contract Value (ACV) in constant currency. Total revenue increased by 18% to $351.2M, driven by strong performance in Pega Cloud and Subscription License. The company achieved GAAP net income of $6.6M, reversing a loss of $46.8M in Q2 2023. Non-GAAP net income surged to $45.8M from $1.2M. Free cash flow reached $218M in H1 2024. The Pega Cloud backlog exceeded $1B for the first time. CEO Alan Trefler attributed the success to innovations like Pega GenAI Blueprint and deeper client engagement. CFO Ken Stillwell emphasized improved profitability and AI innovation positioning Pega for future growth. Despite a decline in consulting revenue, the company’s overall outlook remains robust.
Pegasystems Inc. (NASDAQ: PEGA) has been recognized for its inclusive culture and comprehensive employee benefits by three prestigious industry programs. The company earned top scores in the Disability Equality Index for the third consecutive year, was included in Seramount's 100 Best Companies for working parents, and made Parity.Org's 2024 ParityLIST.
These accolades highlight Pega's commitment to fostering an inclusive workplace that supports all employees. The company offers a range of benefits including paid gender-neutral parental leave, subsidized childcare, and increased mental health support. Pega's efforts in creating equal opportunities for all employees are detailed in its 2023 Impact Report.
Kate Parente, Pega's chief people officer, emphasized the company's focus on cultivating a culture of caring and belonging, providing opportunities for collaboration and inclusivity, and offering flexible benefits tailored to individual needs at every life stage.
Pegasystems (NASDAQ: PEGA), a leader in AI decisioning and workflow automation, will release its Q2 2024 financial results on July 24, 2024, after market close.
A conference call and webcast are scheduled for July 25, 2024, at 8:00 a.m. EDT to discuss the results. Investors and the public can participate by dialing specific phone numbers or through a webcast link available on Pega's website.
A replay of the call will be accessible via the company's website.
Pegasystems Inc. (NASDAQ: PEGA) released its 2023 Global Impact Report, highlighting progress and initiatives in Environmental, Social, and Governance (ESG) areas.
Social achievements include recognition as a Best Place to Work for Disability Inclusion and high scores on the Human Rights Campaign Foundation’s Corporate Equality Index. The company also launched return-to-work programs in North America and India, received a Corporate Citizenship Award, and donated to over 350 organizations globally.
Environmental highlights feature achieving 2025 energy and water usage reduction goals ahead of schedule, helping clients with emissions-reduction solutions through Pega Cloud®, and submitting climate change-related disclosures to CDP.
Governance initiatives include diligent oversight at committee, leadership, and Board levels, updating policies for risk assessment and stakeholder engagement, and publishing the AI Manifesto to guide responsible AI practices.
Pegasystems (NASDAQ: PEGA), a leader in AI decisioning and workflow automation, has declared a quarterly cash dividend of $0.03 per share for Q3 2024.
The dividend will be distributed on July 15, 2024, to shareholders on record as of July 1, 2024.
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