[January 08, 2009] Pegasystems Inc Tweet Jan 08, 2009 (Zacks Investment Research via COMTEX) -- Pegasystems Inc. (PEGA) was recently honored for its innovation in financial services software and is projecting fantastic growth rates through 2009. Company Description Pegasystems Inc. is a leading provider of customer relationship management(CRM) software that enables transaction-intensive organizations to manage a broad array of customer interactions. The company's customers represent a wide range of industries, including banking and financial services, insurance, healthcare management, and telecommunications. Revenues Surge 25% Higher On Nov 6 Pegasystems announced third-quarter results that included a 25% bump in revenue. Total revenue for the quarter was $52.7 million, up from $42.2 million in the same period one year ago. The increase in revenues translated to 6 cents in earnings per share, which met analyst expectations. While this number tapered from last years 9 cents per share. Estimates Pop Currently analysts are expecting full year estimates for 2009 to be 39 cents. This is a 30% increase over the past 90 days, up from 30 cents. Full-year growth is equally impressive. The consensus estimate for 2008 is 32 cents, a 78% year-over-year increase. A growth of just over 20% is expected next year, with the 39 cents per share estimate. Leaders in Innovation Award Pegasystems won recognition in two areas from the financial-i Leaders in Innovation Awards 2008. The program rewards companies for 'excellence in global transaction banking'. CEO and chairman, Alan Treffler said 'The financial-i Awards provide an important independent endorsement of Pegasystems' continuing commitment to innovation.' The Chart Shares of PEGA are pressuring resistance just above $13. Given the over-all upward momentum they could breakout if they maintain the trend line by setting a higher low on the most recent pullback. Take a look at the chart below. Zacks #1 Ranked Stocks have generated an average annual return of 31.8% since 1988. Every day we highlight four new Zacks Rank Buy stocks on the Zacks.com home page. Discover the Four Stocks we are Recommending Now! [ Back To TMCnet.com's Homepage ]