secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001013857-22-000139
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pegasystems Q2 revenue falls 16% YoY; GAAP net loss of $286M
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- 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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385722000139/0001013857-22-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385722000139/pega-20220727.htm
  HTML page:      https://secwatch.observer/filing/0001013857-22-000139

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