NASDAQ$PEGA
Pegasystems Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Pegasystems' Q3 2022 was its best quarter of the year, driven by prioritized go-to-market efforts promoting profitable growth.
Pegasystems reported a strong Q3 2022, with significant growth in key performance metrics despite foreign exchange headwinds. The company is making progress on improving operational discipline and driving profitable growth to achieve the Rule of 40 as they exit 2024.
- Annual contract value (ACV) grew 16 percent in constant currency year over year.
- Pega Cloud ACV grew 39 percent in constant currency year over year.
- Total backlog grew 11 percent (18 percent in constant currency) year over year.
- Q3 2022 was the best quarter of the year for Pega.
Headline financials
Revenue & EPS history
Pegasystems · Revenue · Quarterly
$271M
Revenue by segment
Pegasystems · $262M total across 4 segments · Q3 2022
- Pega Cloud$97.4M+24.2%37.2%
- Maintenance$77.5M-6.8%29.6%
- Consulting$55.5M-1.6%21.2%
- Subscription license$31.1M-84.2%11.9%
Forward guidance
The company is focused on profitable growth and achieving the Rule of 40 as they exit 2024.
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 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
| Quarter | Report date | Reaction (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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