- Pegasystems (NASDAQ:PEGA) shares are up 4% after hours despite reporting Q4 misses with revenue of $298.6M, up 8% on the year and $14M behind consensus, and EPS of $0.18, four cents below estimates.
- For the year, PEGA's total revenue topped $1B for the first time.
- "Pega Cloud ACV grew more than 50 percent year over year, increasing to $267 million," says CFO Ken Stillwell. "And, at the same time, Pega Cloud gross margins expanded from 51 percent to 63 percent. We expect Pega Cloud revenue growth acceleration and gross margin expansion will be key contributors to drive future Pega profitability and growth."
- For the year, PEGA guides for revenue of $1.25B, above the $1.21B consensus, and EPS of $0.25, topping the $0.15 estimate.
- Press release.