Pegasystems has announced its financial results for the third quarter and first nine months of 2013. Revenue for the third quarter of 2013 increased 20% compared to the third quarter of 2012. Net income for the third quarter of 2013 was $8.7 million, or $0.22 per diluted share, compared to the net loss of $0.3 million, or $(0.01) per diluted share, for the third quarter of 2012. Revenue for the first nine months of 2013 increased 12% to $355.6 million compared to the first nine months of 2012.
Alan Trefler, Founder & CEO, Pegasystems, said, “Through Q3, Pegasystems showed a 34- per cent year-to-date growth in software licence revenue, which is significantly higher than industry growth forecasts for our segments. Our better business software is helping leading organizations build and evolve their critical business solutions. We are delighted by the enthusiastic feedback regarding the increased capability and ease of use in our Pega 7 release.”
He added, “Our October acquisition of Antenna Software, a recognized industry leader in mobile application development platforms, is indicative of our ongoing commitment to market leadership. Empowering our unique, unified and fully model-driven architecture to deliver and manage Omni-channel customer engagement with smart process mobile apps will further differentiate Pega from its competitors.”
Additionally, the net income for the first nine months of 2013 was $22.5 million, or $0.58 per diluted share, compared to the net income of $1.5 million, or $0.04 per diluted share, for the first nine months of 2012.
