Pegasystems Q2 revenue up 9%, GAAP loss narrows 84%, record H1 cash flow, ACV +13%

PEGASYSTEMS INC

2023-Q2 EPS reported -$0.82 revenue$623,740,000

Q2 total revenue $298.3M (+9% YoY); Pega Cloud revenue $115.1M (+23% YoY) and gross margin 73%.
GAAP net loss $46.8M ($0.56 loss per share) vs $286.3M loss ($3.50 loss) in Q2 2022.
Non-GAAP net income $1.2M ($0.01 EPS) vs non-GAAP loss $31.4M ($0.38 loss) a year ago.
Annual contract value (ACV) $1.164B, up 13% YoY on a constant currency basis.
Operating cash flow exceeded $110M in first half of 2023; free cash flow >$120M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PEGASYSTEMS INC reported second quarter of 2023 results: revenue Total revenue $ 298,268, net income Net (loss) - GAAP $ (46,804), EPS Diluted (loss) per share - GAAP $ (0.56).

Period: second quarter of 2023
Revenue: Total revenue $ 298,268
Net income: Net (loss) - GAAP $ (46,804)
EPS: Diluted (loss) per share - GAAP $ (0.56)
Result: reported results

Exact text from the filing

to all periods shown. (Dollars in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 Change 2023 2022 Change Total revenue $ 298,268 $ 274,337 9 % $ 623,740 $ 650,644 (4) % Net (loss) - GAAP $ (46,804) $ (286,296) 84 % $ (67,578) $ (286,675) 76 % Net income (loss) - non-GAAP $ 1,203 $ (31,406) * $ 20,423 $

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Source: SEC EDGAR

accession 0001013857-23-000143

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