Why Is Pegasystems (PEGA) Stock Soaring Today
Shares of enterprise workflow software provider Pegasystems (NASDAQ:PEGA) jumped 33.2% in the morning session after the company reported fourth-quarter results with revenue exceeding Wall Street's estimates, driven by outperformance in its subscription license segment ($207.6 million of revenue vs estimates of $146.7 million). Gross margin also improved significantly during the quarter. Looking ahead, its revenue, EPS, and free cash flow guidance for full-year 2024 also beat expectations (s...
Source: yahoo.com