Wedbush Raises Price Target on Pegasystems (PEGA) as License and Cloud Revenues Drive 4Q Beat

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Go back to Wedbush Raises Price Target on Pegasystems (PEGA) as License and Cloud Revenues Drive 4Q Beat

Pegasystems Announces Financial Results for Fourth Quarter and Full Year 2015

February 25, 2016 4:02 PM EST

CAMBRIDGE, MA -- (Marketwired) -- 02/25/16 -- Pegasystems Inc. (NASDAQ: PEGA), the software company empowering the world's leading enterprises with strategic business applications, today announced results for its fourth quarter and full year ended December 31, 2015.

"Q4 was a very strong quarter capping off a record year for Pega that included record revenue, backlog, and bookings," said Alan Trefler, Founder and CEO, Pegasystems. "For the full year, total GAAP revenue was $683 million, an increase of 16% over 2014. We grew GAAP license and cloud revenue 23% over the... More