secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001013857-24-000086
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385724000086/0001013857-24-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385724000086/pega-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001013857-24-000086

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