Pegasystems Inc. released its financial guidance for 2018 and its results for the fourth quarter and full year 2017.

The company projects GAAP net income of about $43.9 million, or 53 cents per share, and non-GAAP net income of about $99.3 million, or $1.20 per share, for 2018.

Pegasytems reported a net loss of $3.7 million, or a loss of 4 cents per share, for the fourth quarter of 2017, compared to net income of $8.7 million, or 11 cents per share, in the year-ago period.

Fourth-quarter 2017 non-GAAP net income was $22.5 million, or 27 cents per share, up from $15.6 million, or 20 cents per share, in the last three months of 2016.

Net income for full year 2017 came in at $32.9 million, or 40 cents per share, up from $27 million, or 34 cents per share, in 2016.

Non-GAAP net income was $70.9 million, or 86 cents per share, up from $61.1 million, or 77 cents per share, in 2016.