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REVENUE (Tables)
9 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Schedule of revenue by geographic location Geographic revenue
Three Months Ended
September 30,
Nine Months Ended
September 30,
(Dollars in thousands)
2021202020212020
U.S.$132,016 52 %$120,971 53 %$515,881 58 %$436,199 61 %
Other Americas17,510 %10,737 %43,469 %35,009 %
United Kingdom (“U.K.”)25,982 10 %25,150 11 %86,747 10 %68,246 %
Europe (excluding U.K.), Middle East, and Africa 46,306 18 %39,656 18 %143,763 15 %106,472 15 %
Asia-Pacific34,454 13 %29,437 13 %105,609 12 %72,991 10 %
$256,268 100 %$225,951 100 %$895,469 100 %$718,917 100 %
Schedule of revenue streams
Revenue streams
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)
2021202020212020
Pega Cloud$78,369 $54,776 $219,520 $147,080 
Maintenance83,188 74,670 237,531 220,587 
Consulting56,416 56,721 166,270 164,227 
Revenue recognized over time 217,973 186,167 623,321 531,894 
Perpetual license2,874 3,852 20,922 16,568 
Term license35,421 35,932 251,226 170,455 
Revenue recognized at a point in time 38,295 39,784 272,148 187,023 
$256,268 $225,951 $895,469 $718,917 
(in thousands)Three Months Ended
September 30,
Nine Months Ended
September 30,
2021202020212020
Pega Cloud$78,369 $54,776 $219,520 $147,080 
Client Cloud118,609 110,602 488,757 391,042 
Maintenance83,18874,670237,531220,587
Term license35,42135,932251,226170,455
Cloud subscription (1)
196,978 165,378 708,277 538,122 
Perpetual license2,874 3,852 20,922 16,568 
Consulting56,416 56,721 166,270 164,227 
$256,268 $225,951 $895,469 $718,917 
(1) Reflects client arrangements subject to renewal (Pega Cloud, maintenance, and term license).
Revenue for remaining performance obligations expected to be recognized
Expected future revenue from existing non-cancellable contracts:
As of September 30, 2021:
Pega CloudClient CloudConsultingTotal
(Dollars in thousands)MaintenanceTerm licensePerpetual license
1 year or less
$284,359 $196,667 $49,265 $15,686 $31,673 $577,650 56 %
1-2 years
177,214 59,360 16,872 1,064 6,561 261,071 25 %
2-3 years
79,775 37,734 420 4,094 5,165 127,188 12 %
Greater than 3 years
30,113 33,935 245 2,127 1,697 68,117 %
$571,461 $327,696 $66,802 $22,971 $45,096 $1,034,026 100 %
As of September 30, 2020:
Pega CloudClient CloudConsultingTotal
(Dollars in thousands)MaintenanceTerm licensePerpetual license
1 year or less
$211,661 $170,643 $50,788 $8,708 $14,977 $456,777 54 %
1-2 years
157,500 40,631 5,341 1,700 2,042 207,214 25 %
2-3 years
93,283 18,277 7,052 — 770 119,382 14 %
Greater than 3 years
44,363 9,597 — 653 54,617 %
$506,807 $239,148 $63,185 $10,408 $18,442 $837,990 100 %