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Pegasystems misses both revenue and earnings expectations for Q3

Investing.com +1 ·

PEGA
PEGA Pegasystems Inc
$35.18 -2.90%
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  1. 1Pegasystems reported Q3 revenue of $393.4 million, falling below the consensus estimate of $421.8 million.
  2. 2Pegasystems' adjusted earnings per share of $0.35 for Q3 missed the analyst expectation of $0.49.
  3. 3CFO and COO Ken Stilwell stated that record annual ACV additions in Q3 reinforce confidence in solution demand.

So what's the key point?

Pegasystems' revenue and profit for the third quarter were lower than what experts expected. However, the company expressed confidence due to increasing demand for its products.

Source Investing.com +1 · View original ↗

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