NASDAQ$PEGA

Pegasystems Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Pegasystems' Q1 2022 financial results were released, showcasing revenue growth and improved profitability.

Pegasystems reported a 20% increase in total revenue, reaching $376 million, and a significant improvement in gross margin to 77%. The company's annual contract value (ACV) also grew by 21%.

  • Total revenue increased by 20% to $376 million.
  • Gross margin improved to 77%.
  • Non-GAAP net income increased by 112% to $50.2 million.
  • Annual contract value (ACV) grew by 21%.

Headline financials

Total Revenue

$376M

Previous: $313M+20.0%
EPS (adj)

$0.59

Previous: $0.26+126.9%
Annual Contract Value

$1.03B

Previous: $853M+21.3%
Capital Expenditures

-$6.66M

Previous: -$1.78M-273.2%
Free Cash Flow

-$7.04M

Previous: -$8.4M+16.2%
Net Income

-$379K

Previous: -$6.62M+94.3%
Operating Income

$18.6M

Previous: $1.6M+1063.0%
Gross Profit

$288M

Previous: $231M+24.7%
Cash & Equivalents

$133M

Previous: $173M-23.1%
Total Assets

$1.54B

Previous: $1.53B+0.7%

Revenue & EPS history

Pegasystems · Revenue · Quarterly

$376M

Q1 2022+20%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Pegasystems · $369M total across 4 segments · Q1 2022

  • Subscription license
    $138M-46.1%
  • Pega Cloud
    $90.3M+33.1%
  • Maintenance
    $79.7M+5.5%
  • Consulting
    $61.3M+15.4%

Forward guidance

The press release does not contain information regarding forward guidance. Therefore, this section is left blank.

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 2022

Historical avgQ1 2022

+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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