NASDAQ$PEGA

Pegasystems Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Pegasystems' Q1 2020 revenue increased, driven by Pega Cloud growth and overall ACV expansion.

Pegasystems Inc. reported a solid Q1 2020 with a 25% increase in total revenue, driven by a 57% increase in Pega Cloud revenue. Total ACV grew by 21% year over year to $711 million, and the business has over 90% visibility into the 2020 revenue target.

  • Total revenue increased by 25% year-over-year.
  • Pega Cloud revenue increased by 57% year-over-year.
  • Total ACV grew by 21% year-over-year to $711 million.
  • Pega Cloud ACV increased by 43% year-over-year to $182 million.

Headline financials

Total Revenue

$266M

Previous: $213M+25.0%
EPS (adj)

$0.05

Previous: -$0.12+141.7%
Annual Contract Value

$711.00

Previous: $588.00+20.9%
Capital Expenditures

-$12.5M

Previous: $2.79M-547.9%
Free Cash Flow

-$37.9M

Previous: -$28.7M-31.9%
Net Income

-$25.4M

Previous: -$28.7M+11.6%
Operating Income

-$24.3M

Previous: -$34M+28.5%
Gross Profit

$186M

Previous: $138M+34.7%
Cash & Equivalents

$538M

Previous: $110M+387.6%
Total Assets

$1.47B

Previous: $957M+54.1%
Stock-Based Comp

$23.2M

Previous: $18.4M+26.3%

Revenue & EPS history

Pegasystems · Revenue · Quarterly

$266M

Q1 2020+25%vs Q1 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Pegasystems · $379M total across 4 segments · Q1 2020

  • Subscription license
    $207M
  • Maintenance
    $73.7M+8.8%
  • Consulting
    $54.5M+1.3%
  • Pega Cloud
    $43.5M+56.6%

Forward guidance

Pegasystems sees opportunity to further expand its value proposition with existing and new clients.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+3.5%

Avg return

Earnings day

+3.3%

Avg return

5 days after

+2.8%

Avg return

30 days after

59%

39 / 66 earnings

Positive

+42.2%

Q4 2023

Best reaction

-28.0%

Q3 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%-6.4%-12.6%
Q4 2025-11.9%+1.9%-1.3%
Q3 2025+15.0%+16.8%-4.6%
Q2 2025+1.4%-0.2%+11.8%
Q1 2025+28.8%+32.5%+39.7%
Q4 2024-19.6%-18.9%-32.1%
Q3 2024+13.4%+13.9%+29.8%
Q2 2024+9.7%+4.9%+11.7%
Q1 2024-0.4%+2.6%+1.1%
Q4 2023+42.2%+34.1%+28.3%
Q3 2023+4.7%+7.3%+34.0%
Q2 2023-9.7%-3.3%-12.0%
Q1 2023+3.7%+6.2%+7.9%
Q4 2022+27.3%+21.7%+18.3%
Q3 2022+9.5%+11.7%+12.3%
Q2 2022-13.2%-12.8%-21.8%
Q1 2022+11.5%+6.1%-26.5%
Q4 2021-18.5%-18.4%-21.2%
Q3 2021-7.5%-6.4%-10.2%
Q2 2021-5.0%-5.2%+3.0%
Q1 2021-1.8%-4.1%-8.6%
Q4 2020-2.0%+0.4%-20.2%
Q3 2020-4.2%-8.5%+6.7%
Q2 2020+9.7%+11.9%+22.5%
Q1 2020+7.7%+4.9%+22.5%
Q4 2019+9.7%+11.1%-15.8%
Q3 2019-4.9%-3.5%+1.8%
Q2 2019+4.9%+2.0%+3.3%
Q1 2019-6.0%-5.8%-5.3%
Q4 2018+9.5%+11.4%+9.3%
Q3 2018+4.4%-3.9%-6.2%
Q2 2018+1.5%+2.3%+9.2%
Q1 2018+2.2%-3.1%-1.9%
Q4 2017+11.6%+6.7%+9.7%
Q3 2017-7.7%-7.3%-11.7%
Q2 2017-10.2%-3.0%-3.9%
Q1 2017+13.9%+24.1%+32.9%
Q4 2016+4.7%+4.1%+1.3%
Q3 2016+10.1%+8.8%+15.2%
Q2 2016-4.7%-5.1%-3.6%
Q1 2016-2.1%
Q4 2015+8.4%
Q3 2015+7.9%
Q2 2015+13.4%
Q1 2015+2.1%
Q4 2014-14.0%
Q3 2014-11.0%
Q2 2014+9.7%
Q1 2014+10.9%
Q4 2013-11.7%
Q3 2013+26.6%
Q2 2013+4.8%
Q1 2013+5.3%
Q4 2012+7.9%
Q3 2012-0.2%
Q2 2012+0.4%
Q1 2011-12.1%
Q1 2012-3.3%
Q4 2011+29.7%
Q4 2009+29.7%
Q3 2011-28.0%
Q3 2010-28.0%
Q4 2010+22.2%
Q2 2010+22.2%
Q2 2011+22.2%
Q1 2010-10.8%

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