Pegasystems (PEGA) Misses Q2 EPS by 2c

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Pega Delivers Record Cash Flow in the First Half of 2023

July 26, 2023 4:05 PM EDT

Operating cash flow exceeds $110 million (Free Cash Flow exceeds $120 million)Annual contract value (ACV) grows 13% year over yearPega Cloud gross margin expands to 73%

CAMBRIDGE, Mass., July 26, 2023 /PRNewswire/ -- Pegasystems Inc., the low-code platform provider empowering the world's leading enterprises to Build for Change®, released its financial results for the second quarter of 2023.

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