Wedbush Raises Price Target on Pegasystems (PEGA) as License and Cloud Revenues Drive 4Q Beat
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Pegasystems Announces Financial Results for Fourth Quarter and Full Year 2015
February 25, 2016 4:02 PM ESTCAMBRIDGE, MA -- (Marketwired) -- 02/25/16 -- Pegasystems Inc. (NASDAQ: PEGA), the software company empowering the world's leading enterprises with strategic business applications, today announced results for its fourth quarter and full year ended December 31, 2015.
"Q4 was a very strong quarter capping off a record year for Pega that included record revenue, backlog, and bookings," said Alan Trefler, Founder and CEO, Pegasystems. "For the full year, total GAAP revenue was $683 million, an increase of 16% over 2014. We grew GAAP license and cloud revenue 23% over the... More
