Pegasystems: Fourth Quarter Earnings Overview
Pegasystems Announces Strong Fourth-Quarter Financial Results
Pegasystems Inc., headquartered in Waltham, Massachusetts, revealed its financial performance for the fourth quarter, reporting earnings of $234.6 million.
The company achieved a net income of $1.27 per share. After adjusting for non-recurring items, earnings stood at 76 cents per share.
These results outperformed analyst predictions, as the consensus among five analysts surveyed by Zacks Investment Research had anticipated earnings of 72 cents per share.
Pegasystems also reported quarterly revenue of $504.3 million, surpassing the $484.7 million forecasted by four Zacks analysts.
For the entire year, Pegasystems recorded a profit of $393.4 million, or $2.13 per share, with total revenue reaching $1.75 billion.
Looking ahead, the company projects full-year earnings of $2.75 per share and expects revenue to reach $2 billion.
Financial data sourced from Zacks Investment Research.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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