XML 43 R32.htm IDEA: XBRL DOCUMENT v3.22.2.2
REVENUE (Tables)
9 Months Ended
Sep. 30, 2022
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)
2022202120222021
U.S.$148,200 55 %$132,016 52 %$513,197 56 %$515,881 58 %
Other Americas18,546 %17,510 %80,558 %43,469 %
United Kingdom (“U.K.”)24,074 %25,982 10 %83,837 %86,747 10 %
Europe (excluding U.K.), Middle East, and Africa 46,212 17 %46,306 18 %140,586 15 %143,763 15 %
Asia-Pacific33,699 12 %34,454 13 %103,197 11 %105,609 12 %
$270,731 100 %$256,268 100 %$921,375 100 %$895,469 100 %
Schedule of revenue streams
Revenue streams
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)
2022202120222021
Perpetual license$9,223 $2,874 $18,929 $20,922 
Subscription license31,112 35,421 210,245 251,226 
Revenue recognized at a point in time40,335 38,295 229,174 272,148 
Maintenance77,526 83,188 235,568 237,531 
Pega Cloud97,359 78,369 281,182 219,520 
Consulting55,511 56,416 175,451 166,270 
Revenue recognized over time230,396 217,973 692,201 623,321 
Total revenue$270,731 $256,268 $921,375 $895,469 
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)2022202120222021
Pega Cloud$97,359 $78,369 $281,182 $219,520 
Maintenance77,526 83,188 235,568 237,531 
Subscription services174,885 161,557 516,750 457,051 
Subscription license31,112 35,421 210,245 251,226 
Subscription205,997 196,978 726,995 708,277 
Perpetual license9,223 2,874 18,929 20,922 
Consulting55,511 56,416 175,451 166,270 
$270,731 $256,268 $921,375 $895,469 
Revenue for remaining performance obligations expected to be recognized
Expected future revenue from existing non-cancellable contracts:
As of September 30, 2022:
(Dollars in thousands)Subscription servicesSubscription licensePerpetual licenseConsultingTotal
MaintenancePega Cloud
1 year or less
$191,045 $328,111 $69,753 $814 $27,968 $617,691 53 %
1-2 years
55,141 213,304 4,113 4,505 6,699 283,762 25 %
2-3 years
24,496 115,416 1,420 2,252 1,648 145,232 13 %
Greater than 3 years
16,198 82,807 1,734 — 508 101,247 %
$286,880 $739,638 $77,020 $7,571 $36,823 $1,147,932 100 %
As of September 30, 2021:
(Dollars in thousands)Subscription servicesSubscription licensePerpetual licenseConsultingTotal
MaintenancePega Cloud
1 year or less
$196,667 $284,359 $49,265 $15,686 $31,673 $577,650 56 %
1-2 years
59,360 177,214 16,872 1,064 6,561 261,071 25 %
2-3 years
37,734 79,775 420 4,094 5,165 127,188 12 %
Greater than 3 years
33,935 30,113 245 2,127 1,697 68,117 %
$327,696 $571,461 $66,802 $22,971 $45,096 $1,034,026 100 %