CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Pegasystems Inc. (PEGA) on Wednesday reported fourth-quarter earnings of $119.1 million.
The Cambridge, Massachusetts-based company said it had profit of $1.25 per share. Earnings, adjusted for one-time gains and costs, were $1.61 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The business software company posted revenue of $490.8 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $482.3 million.
For the year, the company reported profit of $99.2 million, or $1.11 per share. Revenue was reported as $1.5 billion.
Pegasystems expects full-year earnings to be $3.10 per share, with revenue expected to be $1.6 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEGA at https://www.zacks.com/ap/PEGA
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