Pegasystems Q2 revenue $351M (+18%), ACV up 13% CC, Pega Cloud backlog exceeds $1B

PEGASYSTEMS INC

2024-Q2 EPS reported -$0.07 revenue$681,300,000

Annual contract value (ACV) of $1.305B, up 13% YoY in constant currency.
Pega Cloud backlog exceeds $1 billion for the first time.
Revenue $351M (+18% YoY); subscription revenue $299M (+26%).
GAAP net income $6.6M (diluted EPS $0.07) vs loss of $46.8M ($0.56 loss) a year ago.
Cash flow from operations $220M and free cash flow $218M in H1 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.