Pegasystems ( (PEGA) ) has released its Q4 earnings. Here is a breakdown of the information Pegasystems presented to its investors.
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Pegasystems Inc., known as The Enterprise Transformation Company, specializes in enterprise AI decisioning and workflow automation, serving influential global businesses in the technology sector. The company reported its 2024 financial results, highlighting significant growth in cash flow and Annual Contract Value (ACV), driven by AI innovations. Key financial metrics include a 9% increase in ACV year-over-year and notable growth in Pega Cloud ACV by 18%. Operating cash flow reached $346 million, while free cash flow was $338 million for the year. Despite a 3% decline in non-GAAP net income for the quarter, the annual figure rose by 29% compared to 2023. Looking ahead, Pegasystems is projecting a 12% growth in ACV for 2025, with expected cash flow from operations totaling $455 million and free cash flow of $440 million. The company remains focused on accelerating growth and enhancing free cash flow, as stated by its management.
