I joined Pega five years ago and have to say I have enjoyed every busy moment since.
After +30 years in the business I love to be in a position where the company I work for is growing significantly, profitably and providing great solutions to our customers. It is quite novel in the software business to be working for a company that is better than it thinks it is!
SummaryPega's earnings release last week was viewed by some as somewhat disappointing. The company did miss consensus headline expectations in terms of revenues and earnings although it was able to reduce opex expense ratios. The company reported a seasonally strong quarter for bookings and particularly for backlog. Backlog and ACV rose by far above trend percentages. The company achieved unusually strong cash flow for the period. The company has an outsize pipeline of what it describes as "whale" deals teed up to close in the last two quarters of this year and it reported that it had achieved record sales and bookings in July. Pega - Still doing its own thing in its own way