secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001013857-24-000156
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385724000156/0001013857-24-000156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385724000156/pega-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001013857-24-000156

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