NASDAQ$PEGA

Pegasystems Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Pegasystems' Q3 2021 earnings were released, revealing accelerated growth driven by Pega Cloud Choice and subscription revenue.

Pegasystems reported Q3 2021 financial results, with total ACV growing by 22% and subscription revenue increasing by 32% year over year. Total revenue reached $256.268 million, a 13% increase compared to the same period last year.

  • Total ACV grew 22 percent, powered by Pega Cloud Choice
  • Pega subscription revenue grew 32 percent year over year
  • Total Backlog increases 23 percent year over year
  • Sophisticated organizations are pursuing digital transformation with great energy

Headline financials

Total Revenue

$256M

Previous: $226M+13.4%
EPS (adj)

-$0.40

Previous: -$0.33-21.2%
Annual Contract Value

$948M

Previous: $777M+22.0%
Capital Expenditures

-$7.09M

Previous: -$21.8M+67.5%
Free Cash Flow

-$63.6M

Previous: -$41.1M-54.7%
Net Income

-$56.5M

Previous: -$19.3M-193.1%
Operating Income

-$65.3M

Previous: -$61.8M-5.7%
Gross Profit

$172M

Previous: $148M+16.1%
Cash & Equivalents

$116M

Previous: $281M-58.6%
Total Assets

$1.56B

Previous: $1.49B+4.6%
Stock-Based Comp

$28.7M

Previous: $27.9M+2.8%

Revenue & EPS history

Pegasystems · Revenue · Quarterly

$256M

Q3 2021+13.4%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Pegasystems · $415M total across 4 segments · Q3 2021

  • Subscription license
    $197M+19.1%
  • Maintenance
    $83.2M+11.4%
  • Pega Cloud
    $78.4M+43.1%
  • Consulting
    $56.4M-0.5%

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 Q3 2021

Historical avgQ3 2021

+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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