U.S. Markets open in 7 hrs 49 mins

Pegasystems posts 4Q profit

CAMBRIDGE, Mass. (AP) _ Pegasystems Inc. (PEGA) on Thursday reported fourth-quarter profit of $8.7 million.

On a per-share basis, the Cambridge, Massachusetts-based company said it had net income of 11 cents. Earnings, adjusted for one-time gains and costs, came to 20 cents per share.

The business software company posted revenue of $199.6 million in the period. Its adjusted revenue was $200.3 million.

For the year, the company reported profit of $27 million, or 34 cents per share. Revenue was reported as $752.4 million.

Pegasystems expects full-year earnings to be $1 per share.

Pegasystems shares have climbed 11 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $39.90, a rise of 80 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEGA at https://www.zacks.com/ap/PEGA

_____

Keywords: Pegasystems, Earnings Report