secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001013857-24-000227
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385724000227/0001013857-24-000227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385724000227/pega-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001013857-24-000227

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