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. reports company news tied to its AI-powered platform for enterprise transformation, including workflow automation, customer engagement, legacy-system modernization, and Pega Cloud adoption. Updates commonly cover financial results, Annual Contract Value trends, cloud momentum, investor conference participation, and capital actions such as quarterly dividends.
Product announcements also center on Pega Blueprint, Pega Customer Service, Pega Process Mining, and government-focused tools for secure application and workflow modernization, along with customer and partner activity around enterprise AI deployments.
Pegasystems (NASDAQ: PEGA) reported strong Q2 2025 financial results, driven by its AI strategy. The company achieved significant growth metrics, including a 16% year-over-year increase in Annual Contract Value (ACV) and a notable 28% growth in Pega Cloud ACV. Total revenue reached $384.5 million, up 9% year-over-year.
Key financial highlights include a 355% increase in GAAP net income to $30.1 million, with non-GAAP net income rising 9% to $50.2 million. The company's subscription revenue, representing 85% of total revenue, grew by 9% to $326 million. Pega Cloud backlog showed impressive growth of 30% year-over-year, while cash flow from operations and free cash flow both increased by over 30%.
Pegasystems (NASDAQ: PEGA) has announced a significant five-year strategic collaboration agreement (SCA) with Amazon Web Services (AWS). The partnership focuses on integrating AWS's advanced generative AI services, including Amazon Bedrock and AWS Transform, with Pega's Blueprint™ technology to accelerate legacy system modernization.
The collaboration addresses a critical market need, as 68% of IT decision makers report that legacy systems are hindering their adoption of AI and automation technologies. Pega will utilize Amazon Bedrock as the primary generative AI foundation for Pega Blueprint and Pega Platform™, providing clients access to large language models from providers like Anthropic, Amazon, Cohere, and Meta.
The agreement also establishes AWS Marketplace as the preferred transaction mechanism for Pega-as-a-Service, streamlining client access and offering comprehensive migration services for on-premises clients.
Pegasystems (NASDAQ: PEGA) has scheduled its second quarter 2025 financial results announcement for Tuesday, July 22, 2025, after market close. The company will host a conference call and webcast on Wednesday, July 23, 2025, at 8:00 a.m. EDT.
Investors can join via phone by dialing 1 (800) 715-9871 (domestic) or 1 (646) 307-1963 (international) using Conference ID 7346894. Alternatively, the webcast will be available at www.pega.com in the Investors section. A replay will be accessible through the Q2/FY'25 Earnings Call link on the company's website.
Pegasystems (NASDAQ: PEGA) has appointed Daniel Kasun as the new head of global partner ecosystem. Kasun, who previously held leadership positions at AWS and Microsoft, will report to John Higgins, chief of client and partner success, and lead the strategic evolution of Pega's partner ecosystem.
The appointment aligns with Pega's strategy to expand market reach through strategic partnerships and simplified commercial models. Key initiatives include strengthening alliances with global systems integrators and hyperscalers, accelerating the adoption of Pega GenAI™ and Pega Blueprint™, and expanding partner-influenced revenue globally.
Kasun brings extensive experience from AWS, where he led partner organizations focused on public sector and financial services industries, and Microsoft, where he spent 18 years driving innovation in regulated industries.
Pegasystems (NASDAQ: PEGA) has achieved FedRAMP High Authority to Operate (ATO) status for its generative AI solutions. This certification enables U.S. federal government clients to securely utilize Pega's gen AI-powered tools through Pega Cloud for Government.
The company's AI solutions include Pega Coach for contextual user guidance, Pega Knowledge Buddy for knowledge base synthesis, Pega Automate for workflow automation, and developer agents for streamlined application development. The certification also covers cloud architecture enhancements featuring improved scalability through microservices and Kubernetes-based container orchestration.