Pegasystems Inc

Pegasystems Inc. (PEGA - Snapshot Report) 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.