PEGASYSTEMS INC earnings

Revenue for fiscal 2026's second quarter rose 9.4% to $420.7 million from $384.5 million a year earlier, and gross profit rose 13.7% to $312.7 million. The mix beneath that growth is shifting. Cloud and subscription services carried the quarter while consulting and maintenance revenue declined.

Pegasystems opened fiscal 2026 with a revenue decline driven by mix rather than by the cloud franchise. Total revenue fell 9.6% to $429.97 million for the three months ended March 31, 2026, down from $475.63 million in the prior-year quarter.

Pegasystems closed fiscal 2025 with fourth-quarter revenue of $504.3 million, up 2.7% from the prior-year quarter. Full-year revenue reached $1.75 billion, up 16.6%. Gross profit was $400.9 million in the quarter, up 3.2%.

Pegasystems reported third-quarter fiscal 2025 results for the period ended September 30, 2025, with total revenue of $381.35 million, up 17.3% from the prior-year quarter. Gross profit was $275.46 million, up 20.6%. Gross margin was 72.2%, up 2.0 percentage points.

Pegasystems posted second-quarter revenue of $384.51 million, up 9.5% from the prior-year quarter. Year-to-date revenue reached $860.14 million, up 26.3%. Profit growth ran well ahead of the top line. GAAP net income was $30.08 million in the quarter, up 354.8%, and diluted EPS was $0.17, up 325.0%.

Pega closed FY2025 Q1 with a pronounced profitability swing. Total revenue rose 44.1% to $475.6 million. Gross profit rose 58.5% to $373.2 million, and gross margin expanded to 78.5%. Operating income swung to $127.0 million from a prior-year loss, and operating margin expanded to 26.7%.

Pegasystems closed fiscal 2024 with a quarter that grew revenue but shrank profit. Revenue rose 3.5% to $490.83 million in the fourth quarter, and full-year revenue reached $1.50 billion, up 4.5%.

Pegasystems posted a softer top line but stronger cloud and cash trends in its fiscal 2024 third quarter. Total revenue for the three months ended September 30, 2024 was $325.05 million, down 2.9% from $334.64 million in the prior-year quarter.

Pegasystems closed the second quarter of 2024 with revenue of $351.15 million, up 17.7% from the prior-year quarter. Gross profit rose 25.8% to $254.21 million, and gross margin reached 72.4%, up 4.6 percentage points.

Pegasystems opened fiscal 2024 with revenue of $330.1 million for the quarter ended March 31, 2024, up 1.4 percent from the prior-year quarter. Gross profit was $235.5 million, up 3.5 percent, and gross margin rose to 71.3 percent from 69.9 percent.

Pega closed fiscal 2023 with a much stronger fourth quarter. Revenue for the quarter ended December 31, 2023 was $474.23 million, up 19.6%. Full-year revenue reached $1.43 billion, up 8.7%. Gross profit for the quarter was $383.59 million, up 26.1%, and the quarterly gross margin was 80.9%, up 4.2 percentage points.

Pegasystems reported fiscal 2023 third quarter revenue of $334.6 million, up 23.6% from $270.7 million in the prior-year quarter. For the nine months, revenue was $958.4 million, up 4.0% from $921.4 million. Gross profit rose 35.6% to $240.9 million in the quarter, and gross margin expanded to 72.0% from 65.6%.

Pegasystems posted second-quarter revenue of $298.27 million, up 8.7% from $274.34 million in the prior-year quarter. The first half tells a different story. Six-month revenue was $623.74 million, down 4.1% from $650.64 million. Mix explains most of the gap.

Pegasystems reported first quarter fiscal 2023 revenue of $325.47 million, down 13.5% from $376.31 million in the prior-year quarter. The drop is mostly the arithmetic of a subscription transition that management says should finish in 2023.

Pegasystems posted revenue of $396.47 million in FY2022 Q4, up 25.4% from the prior-year quarter. Full-year revenue was $1.32 billion, up 8.8%. Gross profit was $304.20 million for the quarter, up 31.7%, and the quarterly gross margin was 76.7%, up 3.7 percentage points.

Pegasystems posted top-line growth in FY2022 Q3 but weaker margins. Revenue was $270.73 million, up 5.6% from the prior-year quarter, and year-to-date revenue reached $921.38 million, up 2.9%. Gross profit was $177.68 million in the quarter, up 3.3%, while year-to-date gross profit was $645.01 million, flat at 0.1%.

Pegasystems posted a 15.8% decline in GAAP revenue to $274.34 million for the second quarter of fiscal 2022. Revenue for the first six months was $650.64 million, up 1.8% from the prior-year period. The mix continued to shift toward cloud and subscription offerings.

Pegasystems reported total revenue of $376.31 million for the quarter ended March 31, 2022, up 20 percent from $313.50 million in the prior-year quarter. Subscription revenue reached $307.57 million, up 21 percent, and now makes up the bulk of the business. Pega Cloud revenue grew 33 percent to $90.32 million.

Pega reported FY2021 Q4 results on February 16, 2022. Revenue for the quarter ended December 31, 2021 rose to $316.18 million, up 5.9% from the prior-year quarter. Full-year revenue reached $1.21 billion, up 19.1%. Annual contract value passed $1 billion for the first time and grew 20% year over year to $1.00 billion.

Pegasystems reported FY2021 Q3 total revenue of $256.27 million, up 13.4% from the prior-year quarter. Gross profit increased 16.1% to $172.05 million. Gross margin was 67.1%, up 1.6 percentage points. For the nine months ended September 30, 2021, revenue was $895.47 million, up 24.6%.

Pegasystems reported FY2021 Q2 revenue of $325.7 million, up 43.2% year over year. The quarter swung to a GAAP profit. Net income was $37.3 million, compared with a net loss a year earlier. Diluted EPS was $0.43. Operating income was $1.2 million, up from an operating loss a year earlier.

Pegasystems reported FY2021 Q1 total revenue of $313.5 million, up 18.0% from the prior-year quarter. Gross profit was $231.1 million, up 24.2%, and gross margin reached 73.7%, up 3.6 percentage points from 70.1%. The company swung to an operating profit.