secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001013857-22-000174
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385722000174/0001013857-22-000174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385722000174/pega-20221026.htm
  HTML page:      https://secwatch.observer/filing/0001013857-22-000174

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