{"schema_version":"secwatch.filing_event.v1","accession":"0001013857-24-000013","form_type":"8-K","ticker":"PEGA","cik":"0001013857","company_name":"PEGASYSTEMS INC","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.098763+00:00","generated_at":"2026-06-06T01:54:57.143158+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Pega Q4 2023: Revenue up 20% YoY, ACV grows 11%, record free cash flow over $200M","bullets":["Q4 GAAP net income of $142.7M ($1.61 EPS) vs $34.6M ($0.41 EPS) in Q4 2022; non-GAAP EPS $1.77.","Full-year 2023 revenue $1.43B (+9%); GAAP net income $67.8M vs loss of $345.6M in 2022.","Annual contract value (ACV) reached $1.255B, up 11% YoY; Pega Cloud revenue up 26% in Q4.","2024 guidance: Revenue ~$1.5B, GAAP EPS $1.18, non-GAAP EPS $2.75; free cash flow ~$350M.","Operating cash flow and free cash flow both exceeded $200M for first time; cloud gross margin 74%."],"urls":{"canonical":"https://secwatch.observer/filing/0001013857-24-000013","json":"https://secwatch.observer/filing/0001013857-24-000013.json","markdown":"https://secwatch.observer/filing/0001013857-24-000013.md","text":"https://secwatch.observer/filing/0001013857-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013857/000101385724000013/0001013857-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013857/000101385724000013/pega-20240214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:54:57.143158+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"54b6a672e6538de585c8406d2b0a7a44f54cb8e9","claim":"PEGASYSTEMS INC reported 2024 results: revenue $1.5 Billion, EPS $1.18. Guidance raised.","evidence_excerpt":"2024 GAAP Non-GAAP (1) Revenue $1.5 Billion $1.5 Billion Diluted earnings per share $1.18 $2.75","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385724000013/0001013857-24-000013-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2024"},{"label":"Revenue","value":"$1.5 Billion"},{"label":"EPS","value":"$1.18"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"b82f1a748717d0ebbf9de97ae70d9351ba5b3d7b","claim":"PEGASYSTEMS INC updated its the fourth quarter and full-year 2023 guidance (raised).","evidence_excerpt":"Pegasystems Inc. issued a press release announcing its financial results for the fourth quarter and full-year 2023. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385724000013/0001013857-24-000013-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full-year 2023"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}