Shares of Pegasystems Inc. (NASDAQ: PEGA) were up 13.5% as of 1:25 p.m. EDT Thursday after the business software specialist announced strong first-quarter 2017 results.
Quarterly revenue climbed 24.8% year over year to $223.2 million, which translated to a 79.4% increase in adjusted net income to $31.9 million, or $0.39 per share. Analysts, on average, were only expecting adjusted net income of $0.23 per share.
IMAGE SOURCE: PEGASYSTEMS