Stock Data
$4.95 (16.00%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SOFTWARE - APPLICATION
Pegasystems Inc. specializes in creating and providing advanced enterprise software worldwide. Its flagship product, Pega Infinity, offers solutions like AI-powered decision-making tools, customer service automation, and efficient process management through intelligent automation. Designed to improve customer experiences and operational efficiency, Pega's software supports various industries, including finance, healthcare, and government. With a focus on innovation, Pegasystems also offers cloud services, training through Pega Academy, and a methodology for rapid development and deployment of applications. Founded in 1983, the company is based in Cambridge, Massachusetts.
Pegasystems missed on both earnings and revenue as AI-driven deal delays from enterprise clients slowed ACV growth to just 7% year over year, though its cloud business surged 22% and now makes up over half of quarterly revenue.
Pegasystems reports after the bell with investors parsing whether enterprise AI adoption is gaining traction and weighing any fallout from the ongoing Appian litigation.
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