Pegasystems Inc. (NASDAQ:PEGA) Q3 2022 Earnings Conference Call October 26, 2022 5:00 PM ET

Company Participants

Alan Trefler - Founder & CEO

Kenneth Stillwell - COO & CFO

Conference Call Participants

Kevin Kumar - Goldman Sachs

Steven Enders - Citi

Noah Herman - JPMorgan

Joe Meares - Truist

Steven Koenig - SMBC Nikko

Vinod Srinivasaraghavan - Barclays

Joey Marincek - JMP Securities

Fred Havemeyer - Macquarie

Operator

Good day, and welcome to the Pegasystems Third Quarter 2022 Earnings Results Conference Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Ken Stillwell, COO and CFO. Please go ahead.

Kenneth Stillwell

Good evening, ladies and gentlemen, and welcome to Pegasystems Q3 2022 Earnings Call. Before we begin, I'd like to read our safe harbor statement. Certain statements contained in this presentation may be construed as forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The words expects, anticipates, intends, plans, believes, will, could, should, estimates, may, targets, strategies, projects, forecasts, guidance, likely and usually or variations of such words and other similar expressions identify forward-looking statements, which speak only as of the date the statement was made and are based on current expectations and assumptions. Because such statements deal with future events, they are subject to various risks and uncertainties. Actual results for fiscal year 2022 and beyond could differ materially from the company's current expectations. Factors that could cause the company's results to differ materially from those expressed in forward-looking statements are contained in the company's press release announcing its Q3 2022 earnings and in the company's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2021, and other recent filings with the SEC.

Investors are cautioned not to place undue reliance on such forward-looking statements, and there are no assurances that the matters contained in such statements will be achieved. Although subsequent events may cause our view to change, except as required by applicable law, we do not undertake and specifically disclaim any obligation to publicly update or revise these forward-looking statements whether as a result of new information, future events or otherwise.

And with that, I'll turn the call over to Alan Trefler, Founder and CEO of Pegasystems.

Alan Trefler

Thank you, Ken, and thank you to everyone who has joined today's call. I am pleased with this quarter's results. In fact, this is by far the best quarter we've had this year. As we discussed last quarter, we've become very focused on how we manage our business with a goal of balancing growth and profit to be a Rule of 40 company as we exit 2024.