XML 51 R36.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

REVENUE (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Geographic Revenue | Geographic revenue
| Three Months Ended March 31, |  |
(Dollars in thousands) | 2024 |  | 2023 |  |  |  |
U.S. | $ | 180,983 |  | 54 | % |  | $ | 184,519 |  | 56 | % |  |  |  |  |  |
Other Americas | 21,786 |  | 7 | % |  | 15,011 |  | 5 | % |  |  |  |  |  |
United Kingdom (“U.K.”) | 32,117 |  | 10 | % |  | 42,237 |  | 13 | % |  |  |  |  |  |
Europe (excluding U.K.), Middle East, and Africa | 61,847 |  | 19 | % |  | 51,318 |  | 16 | % |  |  |  |  |  |
Asia-Pacific | 33,414 |  | 10 | % |  | 32,387 |  | 10 | % |  |  |  |  |  |
| $ | 330,147 |  | 100 | % |  | $ | 325,472 |  | 100 | % |  |  |  |  |  |
Schedule of Revenue Streams | Revenue streams
| Three Months Ended March 31, |  |
(in thousands) | 2024 |  | 2023 |  |  |  |
Subscription license | $ | 63,338 |  |  | $ | 84,527 |  |  |  |  |
Perpetual license | 859 |  |  | 403 |  |  |  |  |
Revenue recognized at a point in time | 64,197 |  |  | 84,930 |  |  |  |  |
Maintenance | 81,001 |  |  | 79,630 |  |  |  |  |
Pega Cloud | 130,902 |  |  | 107,879 |  |  |  |  |
Consulting | 54,047 |  |  | 53,033 |  |  |  |  |
Revenue recognized over time | 265,950 |  |  | 240,542 |  |  |  |  |
Total revenue | $ | 330,147 |  |  | $ | 325,472 |  |  |  |  |
| Three Months Ended March 31, |  |
(in thousands) | 2024 |  | 2023 |  |  |  |
Pega Cloud | $ | 130,902 |  |  | $ | 107,879 |  |  |  |  |
Maintenance | 81,001 |  |  | 79,630 |  |  |  |  |
Subscription services | 211,903 |  |  | 187,509 |  |  |  |  |
Subscription license | 63,338 |  |  | 84,527 |  |  |  |  |
Subscription | 275,241 |  |  | 272,036 |  |  |  |  |
Consulting | 54,047 |  |  | 53,033 |  |  |  |  |
Perpetual license | 859 |  |  | 403 |  |  |  |  |
| $ | 330,147 |  |  | $ | 325,472 |  |  |  |  |
Schedule of Remaining Performance Obligations | Expected future revenue from existing non-cancellable contracts: As of March 31, 2024:
(Dollars in thousands) | Subscription services |  | Subscription license |  | Perpetual license |  | Consulting |  | Total
Pega Cloud |  | Maintenance |  |  |  |
1 year or less | $ | 461,928 |  |  | $ | 225,598 |  |  | $ | 33,985 |  |  | $ | 2,727 |  |  | $ | 34,716 |  |  | $ | 758,954 |  | 53 | %
1-2 years | 292,787 |  |  | 65,605 |  |  | 10,008 |  |  | — |  |  | 1,604 |  |  | 370,004 |  | 26 | %
2-3 years | 149,797 |  |  | 32,307 |  |  | 2,903 |  |  | — |  |  | 2,428 |  |  | 187,435 |  | 13 | %
Greater than 3 years | 86,601 |  |  | 21,650 |  |  | 98 |  |  | — |  |  | — |  |  | 108,349 |  | 8 | %
| $ | 991,113 |  |  | $ | 345,160 |  |  | $ | 46,994 |  |  | $ | 2,727 |  |  | $ | 38,748 |  |  | $ | 1,424,742 |  | 100 | %
As of March 31, 2023:
(Dollars in thousands) | Subscription services |  | Subscription license |  | Perpetual license |  | Consulting |  | Total
Pega Cloud |  | Maintenance |  |  |  |
1 year or less | $ | 389,632 |  |  | $ | 235,315 |  |  | $ | 35,346 |  |  | $ | 5,262 |  |  | $ | 41,203 |  |  | $ | 706,758 |  | 54 | %
1-2 years | 239,228 |  |  | 66,272 |  |  | 3,215 |  |  | 2,252 |  |  | 6,653 |  |  | 317,620 |  | 24 | %
2-3 years | 131,085 |  |  | 29,295 |  |  | 6,777 |  |  | — |  |  | 2,292 |  |  | 169,449 |  | 13 | %
Greater than 3 years | 106,778 |  |  | 7,479 |  |  | — |  |  | — |  |  | — |  |  | 114,257 |  | 9 | %
| $ | 866,723 |  |  | $ | 338,361 |  |  | $ | 45,338 |  |  | $ | 7,514 |  |  | $ | 50,148 |  |  | $ | 1,308,084 |  | 100 | %

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph a -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration