---
schema_version: "secwatch.filing_event.v1"
accession: "0001013857-24-000156"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T16:37:00.787748+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001013857-24-000156
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013857/000101385724000156/0001013857-24-000156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000101385724000156/pega-20240724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013857-24-000156
- JSON: https://secwatch.observer/filing/0001013857-24-000156.json
- Plain text: https://secwatch.observer/filing/0001013857-24-000156.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.