Pegasystems Reports Q4 and Full Year Fiscal Results

Pegasystems Inc. (NASDAQ:PEGA) has announced results for its fourth quarter and full year ended December 31, 2015.
According to the press release:

“Q4 was a very strong quarter capping off a record year for Pega that included record revenue, backlog, and bookings,” said Alan Trefler, Founder and CEO, Pegasystems. “For the full year, total GAAP revenue was $683 million, an increase of 16% over 2014. We grew GAAP license and cloud revenue 23% over the full year 2014 while increasing backlog 15% over the prior year-end.”
“We continue to be very positive about how our value proposition is being received and about our long-term growth opportunities,” continued Mr. Trefler. “We are extremely well positioned in the market as the pace of change for organizations continues to increase. We believe the need for strategic applications to help them manage and leverage that change for competitive advantage — while gaining efficiencies and connecting their businesses from back office to front office — will continue to be in demand.”

Click here to read the full press release.