v3.24.2
REVENUE
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE
NOTE 11. REVENUE
Geographic revenue
Three Months Ended
June 30,		Six Months Ended
June 30,
(Dollars in thousands)
2024202320242023
U.S.$189,214 54 %$150,385 50 %$370,197 55 %$334,904 54 %
Other Americas21,314 6 %19,505 7 %43,100 6 %34,516 6 %
United Kingdom (“U.K.”)38,628 11 %28,892 10 %70,745 10 %71,129 11 %
Europe (excluding U.K.), Middle East, and Africa 53,360 15 %54,353 18 %115,207 17 %105,671 17 %
Asia-Pacific48,637 14 %45,133 15 %82,051 12 %77,520 12 %
$351,153 100 %$298,268 100 %$681,300 100 %$623,740 100 %
Revenue streams
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)
2024202320242023
Subscription license$84,647 $41,197 $147,985 $125,724 
Perpetual license36 1,579 895 1,982 
Revenue recognized at a point in time84,683 42,776 148,880 127,706 
Maintenance80,344 82,042 161,345 161,672 
Pega Cloud134,086 115,063 264,988 222,942 
Consulting52,040 58,387 106,087 111,420 
Revenue recognized over time266,470 255,492 532,420 496,034 
Total revenue$351,153 $298,268 $681,300 $623,740 
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2024202320242023
Pega Cloud$134,086 $115,063 $264,988 $222,942 
Maintenance80,344 82,042 161,345 161,672 
Subscription services214,430 197,105 426,333 384,614 
Subscription license84,647 41,197 147,985 125,724 
Subscription299,077 238,302 574,318 510,338 
Consulting52,040 58,387 106,087 111,420 
Perpetual license36 1,579 895 1,982 
$351,153 $298,268 $681,300 $623,740 
Remaining performance obligations ("Backlog")
Expected future revenue from existing non-cancellable contracts:
As of June 30, 2024:
(Dollars in thousands)Subscription servicesSubscription licensePerpetual licenseConsultingTotal
Pega CloudMaintenance
1 year or less
$470,379 $209,655 $23,931 $2,696 $25,953 $732,614 52 %
1-2 years
301,070 63,266 10,078 — 2,469 376,883 27 %
2-3 years
152,839 30,032 2,884 — 2,473 188,228 13 %
Greater than 3 years
90,474 17,953 97 — — 108,524 8 %
$1,014,762 $320,906 $36,990 $2,696 $30,895 $1,406,249 100 %
As of June 30, 2023:
(Dollars in thousands)Subscription servicesSubscription licensePerpetual licenseConsultingTotal
Pega CloudMaintenance
1 year or less
$397,183 $214,579 $35,616 $4,979 $37,355 $689,712 55 %
1-2 years
238,691 58,551 3,026 2,252 6,772 309,292 24 %
2-3 years
124,616 25,103 6,764 — 1,523 158,006 12 %
Greater than 3 years
101,494 7,592 — — — 109,086 9 %
$861,984 $305,825 $45,406 $7,231 $45,650 $1,266,096 100 %