Pegasystems Inc - PEGA STOCK NEWS

Pegasystems Inc. (NASDAQ: PEGA) announced a Virtual Investor Session scheduled for August 25, 2020, at 10:00 a.m. EDT. CFO Ken Stillwell will lead discussions on Pega's market opportunities, new Process Fabric technology, and updates on the Cloud transition and long-term targets. The session will be available via webcast, with a replay accessible on Pega's Investors page. Questions can be submitted in advance via email.

Pegasystems Inc. (NASDAQ: PEGA) has been recognized by Gartner in its Critical Capabilities for Sales Force Automation report, receiving the highest score in the B2C Sales Use Case category for Pega Sales Automation. This recognition follows Pega's consistent positioning as a Visionary in Gartner's Magic Quadrant for Sales Force Automation. The report highlights Pega's AI-driven tools, which optimize sales performance and enhance customer engagement, reinforcing its leadership in digital transformation.

Pegasystems Inc. (NASDAQ: PEGA) announced that CFO Ken Stillwell will present at two investor conferences. The Canaccord Genuity 40th Annual Growth Conference is set for August 13, 2020, at 10:30 a.m. ET, and the KeyBanc Capital Markets' Future of Technology Series will follow on August 18, 2020, at 11:20 a.m. ET. CEO Alan Trefler will participate in a panel at the Bank of America Securities 2020 Virtual A.I. Conference on August 13, 2020, at 2:15 p.m. ET. Live webcasts will be available on Pega's Investors page.

Pegasystems, a leader in digital transformation software, has been recognized as a Visionary in the Gartner Magic Quadrant for Robotic Process Automation for the second consecutive year. The evaluation considered 16 RPA vendors based on their vision and execution capabilities. Pega RPA enhances digital transformation by automating manual tasks across applications, utilizing Deep Robotics for efficient operations. This acknowledgment aligns with Pega's ongoing achievements in RPA, including recognition from Constellation and Ovum for its innovative solutions.

Pegasystems Inc. (NASDAQ: PEGA) announced its Q2 2020 financial results, showcasing an 11% increase in total revenue to $227.4 million, compared to $205.6 million in Q2 2019. Subscription revenue surged 38% year over year, driven by the company’s cloud transition. The net loss improved 36% to $20.7 million, resulting in a diluted loss per share of $0.26. With over $500 million in cash, Pegasystems is positioned to capture a larger share of the $50 billion digital transformation market. The company's management expressed confidence in long-term growth prospects.

Pegasystems Inc. (NASDAQ: PEGA) will report its financial results for Q2 2020 on July 28, 2020, after market close. A conference call will follow at 5:00 p.m. EDT, inviting public participation. Investors can access the call via a dedicated phone line or a webcast. Pega is recognized for its cloud software that enhances customer engagement and operational excellence. The company has been instrumental in driving digital transformation across enterprises globally.

Pegasystems Inc. (NASDAQ: PEGA) announced that the Internal Revenue Service (IRS) has selected its Pega Government Platform™ to modernize operations through a new Enterprise Case Management (ECM) system. This collaboration aims to enhance efficiency, reduce costs, and streamline taxpayer services. The low-code platform allows for rapid application development and flexibility in adapting to future needs. Pega's solutions are designed to unify existing technologies, facilitating faster case resolutions and improved services for both employees and taxpayers.

Pegasystems Inc. (NASDAQ: PEGA) announced the winners of its inaugural Pega Community Hackathon 2020, which attracted over 750 registrants. The six-week event aimed to improve customer and employee experiences during the COVID-19 crisis, resulting in 75 final projects. Angelo Mermiklis won Best in Show for his application 'V for Volunteer'. Other winners included srcLogic's 'Pyra' and Cognizant's 'Empathia', among others. Each winner received cash prizes, with the Best in Show also earning passes to PegaWorld iNspire 2021.