Pegasystems Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year 2015
Feb 26 15
Pegasystems Inc. announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $168,924,000 against $153,382,000 a year ago. Income from operations was $29,693,000 against $24,304,000 a year ago. Income before provision for income taxes was $28,714,000 against $24,308,000 a year ago. Net income was $20,104,000 against $15,561,000 a year ago. Diluted earnings per share were $0.26 against $0.20 a year ago. Non-GAAP total revenue was $169,050,000 against $155,578,000 a year ago. Non-GAAP income from operations was $38,546,000 against $35,839,000 a year ago. Non-GAAP net income was $26,104,000 against $23,993,000 a year ago. Non-GAAP diluted EPS was 0.33 against $0.31 a year ago.
For the year, the company reported total revenue of $590,004,000 against $508,954,000 a year ago. Income from operations was $51,539,000 against $58,097,000 a year ago. Income before provision for income taxes was $47,994,000 against $56,393,000 a year ago. Net income was $33,255,000 against $38,043,000 a year ago. Diluted earnings per share were $0.42 against $0.49 a year ago. Non-GAAP total revenue was $593,448,000 against $511,150,000 a year ago. Non-GAAP income from operations was $88,677,000 against $88,212,000 a year ago. Non-GAAP net income was $58,167,000 against $58,377,000 a year ago. Non-GAAP diluted EPS was 0.74 against $0.75 a year ago. Free Cash Flow, which is define as operating cash flow less Cap Ex, was $88.4 million for 2014, an increase of 18% on a year-over-year basis. Cash provided by operating activities was $99,889,000 against $80,703,000 a year ago.
For the full year of 2015, GAAP and non-GAAP revenue is projected to be approximately $653 million. GAAP diluted earnings per share for the full year 2015 is expected to be approximately $0.49. Non-GAAP diluted earnings per share for the full year 2015 is expected to be approximately $0.78. Net Income on GAAP basis is expected to be $38,943,000 and Non-GAAP net income is expected to be $61,990,000.
Pegasystems Inc. Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-03-2015 01:15 PM
Feb 23 15
Pegasystems Inc. Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-03-2015 01:15 PM. Venue: The Palace Hotel, 2 New Montgomery Street, San Francisco, CA 94105, United States. Speakers: Alan Trefler, Founder, Chairman and Chief Executive Officer, Rafeal E. Brown, Chief Financial Officer, Chief Administrative Officer and Senior Vice President.
Pegasystems Inc. Introduces New Group Underwriting Application
Feb 3 15
Pegasystems Inc. announced a new application for the insurance market: Pega Group Benefits Underwriting. Pega provides insurers with a complete underwriting application that delivers a consolidated view of all work-in-process and supports all group underwriting needs. Pega Group Benefits Underwriting helps carriers manage, underwrite and price risks with greater accuracy. Leveraging Pega Next-Best-Action(TM) technology, carriers can execute data driven strategies in line with profitability measures and targeted growth while increasing customer satisfaction and retention. Using Pega, organizations can institutionalize and extend underwriting best practices across market segments, lines of business and distribution channels. The application helps carriers scale efficiently by improving underwriter productivity and collaboration. Dynamic case management guides the intake and renewal processes and provides visibility across the in-force book, while enabling an underwriting case to be worked on simultaneously by multiple parties to accelerate turnaround times. The new application helps insurance carriers optimize and enhance complex operating environments and accelerate market and regulatory changes to align with underwriting best practices. As carriers seek growth in new markets, Pega provides the agile application needed to convert prospects into customers and capitalize on new opportunities.