Pegasystems Files 2024 10-K

Ticker: PEGA · Form: 10-K · Filed: Feb 12, 2025 · CIK: 1013857

Sentiment: neutral

Topics: 10-K, annual-report, financials

TL;DR

PEGA filed its 2024 10-K. Full financials for FY24 are out.

AI Summary

Pegasystems Inc. filed its 2024 10-K on February 12, 2025, reporting its financial performance for the fiscal year ending December 31, 2024. The company, headquartered in Waltham, MA, operates in the computer processing and data preparation sector. Key financial details and segment performance for 2024, 2023, and 2022 are presented within the filing.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of Pegasystems' financial health, operational performance, and strategic positioning for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Numbers

Key Players & Entities

FAQ

What were the total revenues for Pegasystems in fiscal year 2024?

The filing provides segment data for Subscription Services, Subscription Licenses, and Consulting for 2024, 2023, and 2022, but the total consolidated revenue for 2024 is not explicitly stated in the provided snippet.

When was the 10-K filing submitted to the SEC?

The 10-K filing was submitted on February 12, 2025.

What is Pegasystems' Standard Industrial Classification (SIC) code?

Pegasystems' SIC code is 7374, which corresponds to Services-Computer Processing & Data Preparation.

Where is Pegasystems Inc. headquartered?

Pegasystems Inc. is headquartered in Waltham, MA.

What is the fiscal year end for Pegasystems?

Pegasystems' fiscal year ends on December 31.

Filing Stats: 4,117 words · 16 min read · ~14 pages · Grade level 19.2 · Accepted 2025-02-12 16:11:42

Key Financial Figures

Filing Documents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K ("Annual Report"), including without limitation, "Item 1. Business," "Item 1A. Risk Factors," "Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities," and "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations," along with other reports that we have filed with the Securities and Exchange Commission ("SEC"), external documents, and oral presentations, contains or incorporates forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as expects, anticipates, intends, plans, believes, will, could, should, estimates, may, targets, strategies, intends to, projects, forecasts, guidance, likely, and usually or variations of such words and other similar expressions identify forward-looking statements. These statements represent our views only as of the date the statement was made and are based on current expectations and assumptions. Forward-looking statements deal with future events and are subject to risks and uncertainties that are difficult to predict, including, but not limited to: our future financial performance and business plans; the adequacy of our liquidity and capital resources; the successful execution of investments in artificial intelligence; the continued payment of our quarterly dividends; the timing of revenue recognition; variation in demand for our products and services, including among clients in the public sector; reliance on key personnel; reliance on third-party service providers, including hosting providers; compliance with our debt obligations and covenants; foreign currency exchange rates; potential legal and financial liabilities, as well as damage to our reputation, due to cyber-attacks; security breaches and security flaws; our ability to protect our intellectual property rights, costs associated with defending suc

BUSINESS

ITEM 1. BUSINESS Our Business We develop, market, license, host, and support enterprise software that helps organizations optimize decisions and processes in real-time so they can deliver outcomes that transform their business. Our powerful platform for enterprise artificial intelligence ("AI") decisioning and workflow automation enables the world's leading brands and government agencies to hyper-personalize customer experiences, automate customer service, and streamline operations, mission-critical business processes, and workflows. With Pega, our clients can leverage our AI technology and scalable architecture to accelerate their digital transformation. In addition, our sales and client success teams, world-class partners, and clients are able to leverage Pega GenAI Blueprint TM ("Blueprint") to rapidly prototype and accelerate the development and deployment of applications quickly and collaboratively. To grow our business, we intend to: Increase market share by developing and delivering a platform for enterprise AI decisioning and workflow automation for buyers in marketing, sales, service, operations, and IT that can work together seamlessly with maximum competitive differentiation; Deepen and expand our relationships with existing clients; Establish relationships with new clients; and Continue to scale our marketing efforts to support how today's buyers discover, evaluate, and choose products and services. Whether we are successful depends, in part, on our ability to: Execute our marketing and sales strategies; Manage our expenses appropriately as we grow our organization; Develop new products and enhance our existing products; and Incorporate acquired technologies into our solutions and the unified Pega Platform. Our Products Pega Infinity 4 Pega Infinity, the latest version of our software portfolio, helps build agility into our clients' organizations so they can work smarter, unify experiences, and adapt to meet changing requirements. Our

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