earnings
confidence high
sentiment negative
materiality 0.85
Pegasystems Q2 revenue falls 16% YoY; GAAP net loss of $286M
PEGASYSTEMS INC
2022-Q2 EPS reported
-$3.51
revenue$650,644,000
- Total revenue $274M (down 16% YoY); H1 revenue $651M (up 2% YoY)
- GAAP diluted EPS loss $3.50; non-GAAP diluted EPS loss $0.38
- Annual contract value grew 14% (19% constant currency); total backlog $1.1B
- Pega Cloud revenue up 28% to $93.5M; 70% of new client commitments in H1
- Company targets Rule of 40 by 2024; no specific guidance change mentioned