Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Pegasystems Stock Is Climbing Fast Today

TheMotleyFool

0 0

Why Pegasystems Stock Is Climbing Fast Today: https://g.foolcdn.com/editorial/images/839325/gettyimages-1323542329-1201x800-5b2df79.jpg

Shares of (NASDAQ: PEGA), a provider of an enterprise workflow automation platform, spiked this morning after the company released better-than-expected results for its third quarter. Sales and earnings beat Wall Street's consensus estimates, and Pegasystems highlighted growth from its cloud-based services and its momentum in artificial intelligence (AI).

Investors were clearly happy with the results, sending the stock up by as much as 17%. The company's shares were up by 10.4% as of 11:56 a.m. ET.

Image source: Getty Images.

Source Fool.com