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Pegasystems updates FY'16 guidance

PegasystemsInc. updated its guidancefor 2016, now expecting GAAP and non-GAAP revenue to be about $800 million,compared to its previous estimate of $780 million.

GAAP EPS is expected to be about 44 cents, compared to itsprevious estimate of about 50 cents. However, non-GAAP EPS is still expected tobe about 95 cents, according to a May 5 news release.

The company reported first-quarter GAAP net income of $9.0million, or 11 cents per share, compared with $5.9 million, or 8 cents pershare, in the prior-year period. Non-GAAP net income was $17.8 million, or 23cents per share, compared with $10.2 million, or 13 cents per share, in theyear-ago quarter.