Pegasystems Reports Strong Q4 Earnings, Exceeds Street Forecasts
CAMBRIDGE, Mass. -- Pegasystems Inc. (PEGA) reported solid fourth-quarter earnings of $119.1 million on Wednesday. The company's per-share profit amounted to $1.25. Excluding one-time items, adjusted earnings were $1.61 per share, outperforming Wall Street estimates of $1.52.
Pegasystems' revenue for the quarter reached $490.8 million, also exceeding analysts' expectations of $482.3 million. For the full year, the company reported a profit of $99.2 million, or $1.11 per share, and revenue of $1.5 billion.
Looking ahead, Pegasystems projects full-year earnings of $3.10 per share and revenue of $1.6 billion.