Pegasystems Q1 EPS at $0.46 and Revenue Misses by $56.7 Million

PEGAPEGA

Pegasystems reported Q1 net income of $32.8 million, GAAP EPS of $0.18 and adjusted EPS of $0.46, missing analysts’ forecast of $0.76. Revenue totaled $430 million, falling 11.6% short of the $486.7 million consensus.

1. Q1 Financial Results

Pegasystems posted first-quarter net income of $32.8 million, translating to GAAP earnings of $0.18 per share. On an adjusted basis, earnings reached $0.46 per share while total revenue came in at $430 million.

2. Consensus Estimates and Miss

Analysts expected $0.76 adjusted EPS and $486.7 million in revenue, creating a $0.30 EPS shortfall and a $56.7 million revenue gap. This 11.6% revenue miss may raise concerns over upcoming guidance and valuation.

Sources

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