Pega Q1 cash flow $180M, ACV up 9%, non-GAAP EPS $0.48

PEGASYSTEMS INC

2024-Q1 EPS reported -$0.14 revenue$330,147,000

Cash flow from operations and free cash flow both reached $180M in Q1 2024.
ACV grew 9% YoY to $1,273M; constant currency growth also 9%.
Total revenue $330.1M (+1% YoY); Pega Cloud revenue up 21% to $130.9M.
GAAP net loss $12.1M improved from $20.8M loss; non-GAAP net income $42.2M (EPS $0.48 vs $0.23).
Pega Cloud gross margin expanded to 77% in Q1 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PEGASYSTEMS INC reported Three Months Ended March 31, 2024 results: revenue $330,147, net income $(12,124), EPS $(0.14).

Period: Three Months Ended March 31, 2024
Revenue: $330,147
Net income: $(12,124)
EPS: $(0.14)
Result: reported results

Exact text from the filing

Three Months Ended March 31, 2024 2023 Change Total revenue $ 330,147 $ 325,472 1 % Net (loss) - GAAP $ (12,124) $ (20,774) 42 % Net income - non-GAAP $ 42,154 $ 19,220 119 % Diluted (loss) per share - GAAP $ (0.14) $ (0.25) 44 % Diluted earnings per share - non-GAAP $ 0.48 $ 0.23 109 %

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PEGASYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001013857-24-000086

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