CAMBRIDGE, MA -- (Marketwired) -- 05/06/13 -- Pegasystems Inc. (NASDAQ: PEGA), the leader in Business Process Management (BPM) and a leading provider of Customer Relationship Management (CRM) solutions, today announced financial results for the first quarter of 2013. Revenue for the first quarter of 2013 increased 5% compared to the first quarter of 2012. Net income for the first quarter of 2013 was $9.1 million, or $0.23 per diluted share, compared to net income of $4.1 million, or $0.10 per diluted share, for the first quarter of 2012.
SELECTED FINANCIAL RESULTS Three Months Ended March 31,($ in '000s) 2013 2012 Increase --------- --------- ---------------Total revenue $ 116,246 $ 111,167 $ 5,079 5%Income from operations $ 12,951 $ 5,919 $ 7,032 119%Net income $ 9,069 $ 4,057 $ 5,012 124%Net earnings per share, basic $ 0.24 $ 0.11 $ 0.13 118%Net earnings per share, diluted $ 0.23 $ 0.10 $ 0.13 130%
"Despite the global economy, in Q1 Pegasystems delivered strong increases in license revenue and earnings," said Alan Trefler, Founder and CEO of Pegasystems. "Organizations are faced with a difficult set of challenges as they must simultaneously improve customer experience across channels, increase operational effectiveness, and execute in an environment of continuous change. They know they need innovative, enterprise software to accomplish this, and are increasingly turning to Pegasystems' technology as the solution. Our continued ability to show significant business returns for our clients is a competitive strength, and our financial results are a reflection of this."
"I would like to invite our investors, customers, partners and prospects to come to PegaWORLD 2013 in Orlando, June 9-11, and see firsthand the great clients who have found a better way to solve the tough challenges of the early 21st century," concluded Mr. Trefler.
Pegasystems will host a conference call and live Webcast associated with this announcement at 6:00 p.m. EDT on May 6, 2013. Dial-in information is as follows: 1 (877) 348-9349 (domestic) or 1 (678) 809-1046 (international). To listen to the Webcast log onto www.pega.com at least 5 minutes prior to the event's broadcast and click on the Webcast icon in the Investors section. A replay of the call will also be available on http://www.pega.com in the Investors section Audio Archives link.