Pegasystems Inc Stock Price, News & Analysis

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.

Pegasystems' recent study, conducted by research firm Savanta and presented at PegaWorld iNspire, highlights the increasing adoption of AI technologies by enterprises worldwide. The survey of over 500 business decision-makers reveals that 95% attribute their broader use of AI tools to the rise of generative AI. While generative AI is primarily used for creative tasks, analytical 'left-brain' AI solutions are less prevalent. The study also indicates a strong belief in AI's potential to transform businesses and increase productivity, with 92% planning to boost AI usage in the next five years.

However, challenges persist, including budgetary inefficiencies and a lack of proper AI strategy. Despite high confidence in AI understanding, misconceptions remain, as evidenced by the 61% of respondents who experienced failed AI implementations. Concerns about AI transparency, bias, and job displacement are also noted, though there is a growing trust in AI's role in business operations. The demand for AI skills is on the rise, with 98% of respondents valuing prior AI experience in new hires.

Pegasystems (NASDAQ: PEGA) announced its expansion of Pega GenAI capabilities to connect to AWS and Google Cloud’s Large Language Models (LLMs). This integration aims to enhance decision-making and workflow automation for Pega clients using generative AI technologies. The new capabilities, showcased at PegaWorld iNspire on June 9-11, will be available in the second half of 2024. The offerings include models like Amazon Bedrock, Amazon Titan, Google Vertex AI, Google Gemini, and Claude from Anthropic. This extension allows enterprises to build AI applications with security and compliance, boosting productivity through Pega’s low-code development platform.

Pegasystems announced the winners of the 2024 Pega Partner Innovation Awards at PegaWorld iNspire in Las Vegas. The awards honor partners for exceptional client outcomes using Pega's low-code AI decisioning and workflow automation platform. Key awards included Partner of the Year to Capgemini, Technology Partner to AWS, and Market Maker to Accenture. Other notable winners included Aaseya for Delivery Excellence and TCS for Innovation. The conference gathered industry leaders to discuss strategies for enhancing productivity, innovation, and customer interactions.

Pegasystems has announced new enhancements for its Pega GenAI Blueprint tool at PegaWorld iNspire in Las Vegas. This app design tool uses generative AI to streamline workflow creation. Since its launch in April, it has been adopted by nearly 500 organizations, creating over 30,000 blueprints.

New features include legacy transformation accelerators, live application previews, an improved user interface, automatic data model generation, enhanced collaboration, idea generation, and partner-supplied templates. These updates aim to make the design process faster and more intuitive.

By the end of June, users can import legacy models and preview applications across different channels. The tool is integrated with Pega’s App Studio for seamless app development. The Pega GenAI Blueprint has shown significant potential in transforming digital workflows, drawing positive feedback from industry leaders.

Pegasystems (NASDAQ: PEGA) has announced the winners of the Pega Industry Awards at PegaWorld iNspire in Las Vegas. The awards recognize organizations and individuals leveraging Pega's AI decisioning and workflow automation platform for digital transformation and customer engagement. Categories include the Visionary Award, Innovation Award, and Impact Award. Notable winners include Telenet Group, Navy Federal Credit Union, Aetna, Google, and Siemens AG. These awards highlight Pega's role in helping clients optimize efficiency and respond to market changes.

At PegaWorld iNspire, Pegasystems unveiled Pega GenAI Socrates, a generative AI tutor designed to enhance corporate learning for Pega software. This AI tool personalizes education by engaging in interactive dialogues tailored to the student's industry, skill level, and needs. It aims to improve skill retention and mastery through real-life scenario analyses and multimedia integration. Available in Pega Academy's System Architect mission, it will expand to other courses and languages. Pega GenAI Socrates fosters more effective learning and aims to address the global demand for Pega skills.

Pegasystems, a leader in AI decisioning and workflow automation, announced that CTO Don Schuerman will present at the Rosenblatt 4th Annual Technology Summit. The virtual event is scheduled for June 13, 2024, at 11:00 a.m. EDT. The presentation will be archived on Pega's Investors page for a time.

Attendees can access the webcast via the provided link to gain insights into Pega's latest technological advancements and strategic direction.

Pegasystems announced an in-person Investor Session at PegaWorld iNspire 2024 in Las Vegas, hosted by COO and CFO Ken Stillwell. Scheduled for June 10, 2024, at 12:00 p.m. PDT (3:00 p.m. EDT), the session will be webcast live. The agenda will cover updates on Pega’s vision, go-to-market strategy, product innovation, and financial model. It will feature a live demonstration of Pega GenAI BlueprintTM and a Q&A segment. Questions can be submitted in advance or during the webcast.