Pegasystems Q3 revenue up 6% to $270.7M; Pega Cloud ACV grows 39% constant currency

PEGASYSTEMS INC

2022-Q3 EPS reported -$4.65 revenue$921,375,000

Total revenue $270.7M (+6% YoY); GAAP net loss $93.5M widened from $56.5M loss in Q3'21.
Non-GAAP net loss $27.5M improved from $29.7M loss; non-GAAP EPS loss $0.34 vs $0.36.
Pega Cloud ACV grew 39% constant currency YoY; total ACV grew 16% constant currency.
Total backlog grew 11% (18% constant currency) YoY; company targets Rule of 40 by 2024.

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