Pegasystems (PEGA) Misses Q4 EPS by 18c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus, FY20 Revenue Outlook Above Consensus

Pegasystems (NASDAQ: PEGA) reported Q4 EPS of $0.19, $0.18 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $276.54 million versus the consensus estimate of $290.22 million.

"We delivered a very strong Q4, capping off a solid year, and we're excited about our prospects in this new decade," said Alan Trefler, founder and CEO, Pegasystems. "We have a tremendous opportunity to help our clients achieve their digital transformation goals, and I\'m confident in our ability to execute."

"Total ACV increased 22% year over year, reaching $693 million, and total Backlog increased by 33% to $836 million," said Ken Stillwell, CFO, Pegasystems. "We expect these outstanding results to set the foundation for Pega to breakthrough $1 billion in annual revenue in 2020."

GUIDANCE:

Pegasystems sees FY2020 EPS of $0.20, versus the consensus of $0.24. Pegasystems sees FY2020 revenue of $1.1 billion, versus the consensus of $1.04 billion.

For earnings history and earnings-related data on Pegasystems (PEGA) click here.

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