Growth DecelerationPega Cloud ACV growth of 16% y/y this quarter, a deceleration from 21% last quarter and slightly missing the consensus of 17%.
Legal IssuesThe lawsuit with Appian, with Pegasystems seeking to overturn the $2B judgment, is ongoing.
Revenue PerformanceTerm license revenue underperformed the Street by 13% driving a 2% miss on total revenue in the quarter.