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Pegasystems Announces Record Revenue of $63.9 Million and Net Income of $11.2 Million for Q2 2009

Thursday, August 6, 2009

Pegasystems Inc., a Business Process Management (BPM) software solutions company, today announced financial results for the second quarter and first six months of 2009. Total revenue for the second quarter of 2009 increased 25% to $63.9 million compared to the second quarter of 2008. Net income for the second quarter of 2009 was $11.2 million compared to $2.9 million for the second quarter of 2008.

Total revenue for the first six months of 2009 increased 27% to $126.2 million compared to the same period last year. Net income for the first six months of 2009 was $19.9 million compared to $5.8 million for the same period last year. The Company generated $29.4 million in cash from operations during the first six months of 2009 and as of June 30, 2009 had $190.1 million in cash and marketable securities.

Article sourced from www.ebizq.net, click here to read full story.

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