[May 23, 2013] Pegasystems Q1 net income increases Tweet May 23, 2013 (Datamonitor via COMTEX) -- Pegasystems Inc., a provider of business process management software, has reported that net income for the first quarter ended March 31, 2013 was $9.07 million, or $0.23 per diluted share, compared to $4.06 million, or $0.10 per diluted share, for the same quarter ended March 31, 2012. Total revenue for the first quarter ended March 31, 2013 was $116.25 million, compared to $111.17 million, for the same quarter ended March 31, 2012. Income from operations for the first quarter ended March 31, 2013 was $12.95 million, compared to $5.92 million, for the same quarter ended March 31, 2012. Total assets as of March 31, 2013 were $428.56 million, compared to $439.49 million as of December 31, 2012. Alan Trefler, Founder and CEO of Pegasystems, said: "Despite the global economy, in Q1 Pegasystems delivered strong increases in license revenue and earnings. Organizations are faced with a difficult set of challenges as they must simultaneously improve customer experience across channels, increase operational effectiveness, and execute in an environment of continuous change. "They know they need innovative, enterprise software to accomplish this, and are increasingly turning to Pegasystems' technology as the solution. Our continued ability to show significant business returns for our clients is a competitive strength, and our financial results are a reflection of this." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]