secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001013857-23-000143
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385723000143/0001013857-23-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385723000143/pega-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001013857-23-000143

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