Pegasystems (PEGA) Misses Q3 EPS by 18c

Pegasystems (NASDAQ: PEGA) reported Q3 EPS of ($0.23), $0.18 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $216.7 million versus the consensus estimate of $216.68 million.

"I'm pleased with the state of our business as we continue to make strong progress in our transition to Cloud," said Alan Trefler, founder and CEO, Pegasystems. "It's terrific to see the continued momentum in our traditional markets as well as enthusiasm in some of our newer industries. For example, over recent weeks we\'ve engaged more than 1,000 thought leaders from our clients and prospects in the government and healthcare industries through our customer engagement roadshow."

"Total ACV increased 20% in constant currency year over year, reaching $634 million," said Ken Stillwell, CFO, Pegasystems. "This strong ACV growth reflects solid demand worldwide for our digital transformation solutions."

For earnings history and earnings-related data on Pegasystems (PEGA) click here.

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