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EX - 99.1 2 q22021_ex991.htm EX - 99.1 Total ACV grows 22 percent , powered by Pega Cloud Choice Pega Cloud ACV grows 46 percent to over 300 million dollars Total Backlog increases 26 percent year over year to over 1 billion dollars Pega continues strong first - half momentum through Q2 2021 CAMBRIDGE , Mass . — July 28 , 2021 Pegasystems Inc. ( NASDAQ : PEGA ) , the software company that crushes business complexity , released its financial results for the second quarter of 2021 . ( Dollars in thousands , except per share amounts ) Total revenue " As parts of the world begin to emerge from the acute conditions of the pandemic , we continue to see digital transformation at the forefront of our clients ' priorities , " said Alan Trefler , Founder and CEO , Pegasystems . " Clients understand the need for agility is more important than ever if they are going to thrive in an increasingly unpredictable world . Pega's low - code platform and outcome - centric approach to workflow maximizes flexibility while delivering tremendous value . " Net income ( loss ) - GAAP Net income ( loss ) - Non - GAAP " I'm excited that annual contract value grew 22 percent year - over - year in the first half of 2021 , " said COO and CFO Ken Stillwell . " Pega Cloud continued to be the biggest contributor to ACV growth for the third consecutive year . Equally exciting , we grew sequential backlog and delivered the strongest revenue quarter in the company's history . " Financial and performance metrics ( ¹ ) Diluted earnings ( loss ) per share - GAAP Diluted earnings ( loss ) per share - Non - GAAP * not meaningful . ( Dollars in thousands ) Pega Cloud Client Cloud Subscription Perpetual license Consulting Total revenue — $ $ $ $ $ $ Three Months Ended June 30 , 2021 73,293 183,078 $ 256,371 23 % $ 56 % 79 % $ 12,596 4 % 56,735 17 % $ 325,702 100 % $ 227,375 2020 48,838 116,488 165,326 9,057 52,992 Three Months Ended June 30 , 2020 227,375 ( 20,740 ) ( 22,236 ) 2021 325,702 $ 37,291 $ 19,943 $ 0.43 $ 0.23 $ 21 % $ 52 % 73 % 4 % 23 % 100 % $ GA ( 0.26 ) ( 0.28 ) Change 43 % $ $ $ 1 * * * * $ $ EXHIBIT 99.1 PEGA 2021 639,201 $ 30,674 $ 42,056 $ 0.36 $ 0.49 $ Six Months Ended June 30 , Six Months Ended June 30 , 2020 492,966 ( 46,112 ) ( 18,204 ) ( 0.58 ) ( 0.23 ) Change Change 24,455 66,590 Change 48,847 50 % $ 57 % 55 % 2021 2020 141,151 22 % $ 92,304 370,148 58 % 280,440 511,299 80 % $ 372,744 3,539 39 % 18,048 3 % 12,716 3 % 3,743 7 % 109,854 17 % 107,506 21 % 2,348 98,327 43 % $ 639,201 100 % $ 492,966 100 % $ 146,235 19 % $ 57 % 76 % 89,708 91,045 $ 138,555 5,332 ( 1 ) For additional information , including a reconciliation of our Non - GAAP and GAAP measures , see the Schedules at the end of this release . 30 % * * * 53 % 32 % 37 % 42 % 2 % 30 %