Pegasystems Q3 ACV up 16% to $1.36B; Pega Cloud ACV surges 30%; revenue falls 3%

PEGASYSTEMS INC

2024-Q3 EPS reported -$0.23 revenue$1,006,350,000

ACV reached $1,360M, +16% YoY; Pega Cloud ACV +30% YoY (26% constant currency).
Q3 total revenue $325M, down 3% YoY; Pega Cloud revenue $144M (+44%).
GAAP net loss $14.4M (-$0.17/sh); non-GAAP net income $34.6M ($0.39/sh).
Nine-month cash from ops $251M; free cash flow $246M; non-GAAP net income $122.6M (+111%).
Subscription license revenue fell 39% to $45M; consulting revenue down 3% to $54M.

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