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Pegasystems published its first-quarter results after the market closed on April 21 and reported sales and earnings for the period
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Key facts
- In the first quarter, Pegasystems recorded non-GAAP (adjusted) earnings per share of $0.46 on revenue of $429.97 million
- Meanwhile, the average analyst estimate had called for the business to post an adjusted profit of $0.69 per share on sales of $467.16 million
- Pegasystems ( PEGA +5.90% ) stock got hit with a pullback this week following the company's latest quarterly report
- Pegasystems published its first-quarter results after the market closed on April 21 and reported sales and earnings for the period that came in below Wall Street's expectations
Summary
Pegasystems ( PEGA +5.90% ) stock got hit with a pullback this week following the company's latest quarterly report. Pegasystems published its first-quarter results after the market closed on April 21 and reported sales and earnings for the period that came in below Wall Street's expectations. In the first quarter, Pegasystems recorded non-GAAP (adjusted) earnings per share of $0.46 on revenue of $429.97 million. Pegasystems typically provides full-year guidance at the beginning of the year and opts not to provide detailed quarterly updates, but management did provide some color on the contract cadence for the rest of the year.