Pegasystems Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 09:05 pm
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Pegasystems Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 334.64 million compared to USD 270.73 million a year ago. Net loss was USD 7.28 million compared to USD 93.52 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 1.14 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 1.14 a year ago.
For the nine months, revenue was USD 958.38 million compared to USD 921.38 million a year ago. Net loss was USD 74.86 million compared to USD 380.2 million a year ago. Basic loss per share from continuing operations was USD 0.9 compared to USD 4.65 a year ago. Diluted loss per share from continuing operations was USD 0.9 compared to USD 4.65 a year ago.
Pegasystems Inc. develops, markets, licenses, hosts and supports enterprise software that helps organizations build agility into their business so they can adapt to change. Its Pega Infinity is a software portfolio, which helps connect enterprises to their customers in real-time across channels. Its applications and platform intersect with and encompass several software markets, including Customer Relationship Management; Digital Process Automation, including Business Process Management, Workflow, and Dynamic Case Management; Low-code application development platforms, including Multi-experience Development Platforms; Robotic Process Automation; Business Rules Management Systems; Decision Management, including predictive and adaptive analytics, and the Vertical-Specific Software market of industry solutions and packaged applications. The Company offers various services and support through its Global Client Success, Global Service Assurance and Client Support, and Pega Academy groups.
PEGASYSTEMS INC. 
