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REVENUE
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE
NOTE 11. REVENUE
Geographic revenue
Three Months Ended
June 30,
Six Months Ended
June 30,
(Dollars in thousands)
2023202220232022
U.S.$150,385 50 %$147,725 54 %$334,904 54 %$364,997 55 %
Other Americas19,505 %16,261 %34,516 %62,012 10 %
United Kingdom (“U.K.”)28,892 10 %28,831 11 %71,129 11 %59,763 %
Europe (excluding U.K.), Middle East, and Africa 54,353 18 %45,238 16 %105,671 17 %94,374 15 %
Asia-Pacific45,133 15 %36,282 13 %77,520 12 %69,498 11 %
$298,268 100 %$274,337 100 %$623,740 100 %$650,644 100 %
Revenue streams
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)
2023202220232022
Perpetual license$1,579 $2,266 $1,982 $9,706 
Subscription license41,197 41,600 125,724 179,133 
Revenue recognized at a point in time42,776 43,866 127,706 188,839 
Maintenance82,042 78,326 161,672 158,042 
Pega Cloud115,063 93,506 222,942 183,823 
Consulting58,387 58,639 111,420 119,940 
Revenue recognized over time255,492 230,471 496,034 461,805 
Total revenue$298,268 $274,337 $623,740 $650,644 
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2023202220232022
Pega Cloud$115,063 $93,506 $222,942 $183,823 
Maintenance82,042 78,326 161,672 158,042 
Subscription services197,105 171,832 384,614 341,865 
Subscription license41,197 41,600 125,724 179,133 
Subscription238,302 213,432 510,338 520,998 
Consulting58,387 58,639 111,420 119,940 
Perpetual license1,579 2,266 1,982 9,706 
$298,268 $274,337 $623,740 $650,644 
Remaining performance obligations ("Backlog")
Expected future revenue from existing non-cancellable contracts:
As of June 30, 2023:
(Dollars in thousands)Subscription servicesSubscription licensePerpetual licenseConsultingTotal
MaintenancePega Cloud
1 year or less
$214,579 $397,183 $35,616 $4,979 $37,355 $689,712 55 %
1-2 years
58,551 238,691 3,026 2,252 6,772 309,292 24 %
2-3 years
25,103 124,616 6,764 — 1,523 158,006 12 %
Greater than 3 years
7,592 101,494 — — — 109,086 %
$305,825 $861,984 $45,406 $7,231 $45,650 $1,266,096 100 %
As of June 30, 2022:
(Dollars in thousands)Subscription servicesSubscription licensePerpetual licenseConsultingTotal
MaintenancePega Cloud
1 year or less
$204,974 $320,102 $46,810 $6,681 $32,159 $610,726 54 %
1-2 years
57,862 200,135 10,711 4,505 7,919 281,132 25 %
2-3 years
28,403 96,861 2,126 2,252 2,574 132,216 12 %
Greater than 3 years
18,447 81,069 1,680 — 424 101,620 %
$309,686 $698,167 $61,327 $13,438 $43,076 $1,125,694 100 %