secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001013857-22-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pegasystems Q4 ACV reaches $1B for first time; revenue up 6% YoY; FY2022 revenue guidance $1.46-1.49B
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- ACV exceeded $1B in Q4 2021, up 20% YoY; total backlog up 25% to $1.3B.
- Q4 revenue $316.2M (+6% YoY); GAAP net loss $(37.2M) vs income $4.0M prior year.
- Full-year 2021 revenue $1.21B (+19% YoY); non-GAAP net income $18.8M vs loss $26.4M prior.
- FY2022 guidance: revenue $1.46-1.49B, ACV growth 20-22%; non-GAAP EPS $0.75-$1.00.
- President Hayden Stafford resigns to join pre-IPO tech firm; Leon Trefler named Chief of Clients and Markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385722000043/0001013857-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385722000043/pega-20220214.htm
  HTML page:      https://secwatch.observer/filing/0001013857-22-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer