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Pegasystems issues FY'18 guidance

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.