earnings
Cloud ACV Nears $1B: Design-Time AI Curbs Soaring Token Costs (PEGA Q1 2026 Earnings Call)
Pega is accelerating its enterprise artificial intelligence footprint and cloud conversion as subscription expansion offsets seasonal headwinds. During the first quarter of fiscal 2026, Pega Cloud revenue reached $205 million, expanding from $151 million in the prior-year period. This segment performance reflects a 30% expansion in cloud revenue over the trailing 12 months.