secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0001013857-25-000209
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pegasystems Q2 revenue $384.5M (+9% YoY); ACV up 16%; GAAP EPS $0.17 vs $0.04
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- Total revenue $384.5M (+9% YoY); Pega Cloud revenue $166.7M (+24% YoY) driven by AI strategy.
- ACV grew 16% YoY as reported (14% constant currency); Pega Cloud ACV up 28% as reported.
- GAAP net income $30.1M (EPS $0.17) vs $6.6M (EPS $0.04) a year ago; non-GAAP EPS $0.28 up 8%.
- Cash flow from operations and free cash flow both grew over 30% YoY; Pega Cloud backlog up 30%.
- CEO Alan Trefler cites Pega Blueprint AI as key driver; company focused on Rule of 40 principles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385725000209/0001013857-25-000209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385725000209/pega-20250722.htm
  HTML page:      https://secwatch.observer/filing/0001013857-25-000209

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