Pegasystems (PEGA) Reports In-Line Q4 EPS

Pegasystems (NASDAQ: PEGA) reported Q4 EPS of $0.37, in-line with the analyst estimate of $0.37. Revenue for the quarter came in at $200.25 million versus the consensus estimate of $231.61 million.

GUIDANCE:

Pegasystems sees FY2017 EPS of $1.00, versus the consensus of $1.01.

"We're pleased with the solid results we delivered in 2016," said Alan Trefler, founder and CEO, Pegasystems. "To remain competitive, enterprises need to think differently about how to deliver always-on personalized customer engagement and achieve increasing levels of operational excellence. Our solutions are unique in their ability to empower our clients to not just manage these challenges but to leverage them for competitive advantage."

"It's an exciting time at Pega," said Ken Stillwell, CFO, Pegasystems. "The rapid growth of recurring contractual commitments led to record license and cloud backlog, reflecting our new client wins and the increased spend from existing clients. This significant trend improves the predictability of our business and supports expanding margins as we grow."

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

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