On Wednesday morning, Pegasystems (PEGA), a company specializing in business process management, saw its stock price surge by 11.7% following the announcement of a 27% increase in its annual cloud contract value. The company's adjusted revenue for the third quarter grew by 59%, with total revenue increasing by 17%. Chief Operating Officer Ken Stillwell attributed this strong performance to the momentum of its Pega Blueprint initiative and robust sales growth.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.