v3.24.3
REVENUE
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE
NOTE 11. REVENUE
Geographic revenue
Three Months Ended
September 30,		Nine Months Ended
September 30,
(Dollars in thousands)
2024202320242023
U.S.$156,135 48 %$154,741 47 %$526,332 53 %$489,645 51 %
Other Americas28,836 9 %23,497 7 %71,936 7 %58,013 6 %
United Kingdom (“U.K.”)37,593 12 %41,622 12 %108,338 11 %112,751 12 %
Europe (excluding U.K.), Middle East, and Africa 60,048 18 %67,880 20 %175,255 17 %173,551 18 %
Asia-Pacific42,438 13 %46,903 14 %124,489 12 %124,423 13 %
$325,050 100 %$334,643 100 %$1,006,350 100 %$958,383 100 %
Revenue streams
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands)
2024202320242023
Subscription license$45,420 $74,342 $193,405 $200,066 
Perpetual license456 2,747 1,351 4,729 
Revenue recognized at a point in time45,876 77,089 194,756 204,795 
Maintenance80,702 83,538 242,047 245,210 
Pega Cloud144,108 118,040 409,096 340,982 
Consulting54,364 55,976 160,451 167,396 
Revenue recognized over time279,174 257,554 811,594 753,588 
Total revenue$325,050 $334,643 $1,006,350 $958,383 
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands)2024202320242023
Pega Cloud$144,108 $118,040 $409,096 $340,982 
Maintenance80,702 83,538 242,047 245,210 
Subscription services224,810 201,578 651,143 586,192 
Subscription license45,420 74,342 193,405 200,066 
Subscription270,230 275,920 844,548 786,258 
Consulting54,364 55,976 160,451 167,396 
Perpetual license456 2,747 1,351 4,729 
$325,050 $334,643 $1,006,350 $958,383 
Remaining performance obligations ("Backlog")
Expected future revenue from existing non-cancellable contracts:
As of September 30, 2024:
(Dollars in thousands)Subscription servicesSubscription licensePerpetual licenseConsultingTotal
Pega CloudMaintenance
1 year or less
$495,637 $188,905 $38,175 $2,252 $54,203 $779,172 53 %
1-2 years
310,020 63,701 9,686 317 3,062 386,786 26 %
2-3 years
146,877 26,436 3,046 — 2,008 178,367 12 %
Greater than 3 years
112,002 18,854 102 — — 130,958 9 %
$1,064,536 $297,896 $51,009 $2,569 $59,273 $1,475,283 100 %
As of September 30, 2023:
(Dollars in thousands)Subscription servicesSubscription licensePerpetual licenseConsultingTotal
Pega CloudMaintenance
1 year or less
$391,324 $202,610 $48,427 $4,567 $39,335 $686,263 54 %
1-2 years
239,787 58,610 4,356 2,696 3,662 309,111 24 %
2-3 years
121,778 28,585 8,518 — 1,100 159,981 13 %
Greater than 3 years
89,870 17,478 2,664 — — 110,012 9 %
$842,759 $307,283 $63,965 $7,263 $44,097 $1,265,367 100 %