Pegasystems delivers innovative software that crushes business complexity. From maximizing customer lifetime value to streamlining service to boosting efficiency, it helps the world’s leading brands solve problems fast and transform for tomorrow. Pega clients make better decisions and get work done with real-time AI and intelligent automation. Yesterday, Pegasystems released its financial results for the fourth quarter and full-year 2021. One of the most significant KPIs highlighted in the report is the ACV (Annual Contract Value) that surpassed $1B and almost doubled just for the last three years. To see other financial results of PEGA for 2021, please proceed to the source page.
“Robust demand for digital transformation projects in both the front and back-office resulted in continued strong growth for Pega. In 2022 and beyond, our goal is to capitalize on this demand to become the enterprise standard workflow engine, servicing backbone, and centralized brain for the largest and most demanding enterprises globally.”
Alan Trefler, Founder and CEO, Pegasystems
“As we get closer to exiting the cloud transition, I’m excited to see Pega achieve ACV of $1 billion for the first time in its history. We’re now experiencing improving profitability and cash flow that reveals the underlying power of our subscription model. This increasing profitability and accelerating ACV growth will keep us on the path to becoming a Rule of 40 business.”
Ken Stillwell, COO and CFO, Pegasystems