{"id":1589,"date":"2018-08-10T15:25:35","date_gmt":"2018-08-10T15:25:35","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=1589"},"modified":"2018-08-10T15:25:35","modified_gmt":"2018-08-10T15:25:35","slug":"pegasystems-announces-financial-results-for-the-second-quarter-of-2018","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/pegasystems-announces-financial-results-for-the-second-quarter-of-2018\/","title":{"rendered":"Pegasystems Announces Financial Results for the Second Quarter of 2018"},"content":{"rendered":"<p style=\"font-weight: 400\"><u><a href=\"https:\/\/www.pega.com\/\">Pegasystems Inc.<\/a><\/u>, the software company empowering customer engagement at the world\u2019s leading enterprises, today announced its financial results for the second quarter of 2018.<\/p>\n<p style=\"font-weight: 400\">\u201cOur unique combination of customer engagement and digital process automation software continues to provide us a competitive advantage,\u201d said Alan Trefler, founder and CEO, Pegasystems.\u00a0\u201cWe\u2019re pleased to see the acceleration in our clients\u2019 move to the cloud and more recurring arrangements, which is a positive long-term trend for our business.\u201d<\/p>\n<p style=\"font-weight: 400\">\u201cAs we focused on driving much higher levels of recurring contract value and further penetration into the cloud, we set aggressive goals,\u201d said Ken Stillwell, CFO and Chief Administrative Officer. \u201cI am very pleased to see our movement into recurring and cloud happen even faster than we anticipated. In the first half of 2018, more than 50% of our new client arrangements were cloud arrangements. A natural consequence of increasing ratable cloud arrangements is a reduction in reported revenue growth for the period. At the same time, our 31% year over year growth in term and cloud ACV highlights our underlying business momentum while in this transition.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pegasystems Inc., the software company empowering customer engagement at the world\u2019s leading enterprises, today announced its financial results for the second quarter of 2018. \u201cOur unique combination of customer engagement and digital process automation software continues to provide us a competitive advantage,\u201d said Alan Trefler, founder and CEO, Pegasystems.\u00a0\u201cWe\u2019re pleased to see the acceleration in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[1003,1001,1002],"class_list":["post-1589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-business-momentum","tag-customer-engagement","tag-digital-process-automation-software"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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