Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Pegasystems
So what: For the quarter, Pegasystems booked $95.4 million in revenue versus the $90.4 million analysts expected. Per-share earnings came in at $0.26, equal to the Wall Street consensus.
Now what: The beat is significant in part because of the competition. Pegasystems' business process management software competes with offerings from larger and better-funded peers such as Tibco
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