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REVENUE (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of revenue by geographic location Geographic revenue
Three Months Ended
June 30,
Six Months Ended
June 30,
(Dollars in thousands)
2022202120222021
U.S.$147,725 54 %$189,297 58 %$364,997 55 %$383,865 60 %
Other Americas16,261 %14,058 %62,012 10 %25,959 %
United Kingdom (“U.K.”)28,831 11 %32,553 10 %59,763 %60,765 10 %
Europe (excluding U.K.), Middle East, and Africa 45,238 16 %45,798 14 %94,374 15 %97,457 15 %
Asia-Pacific36,282 13 %43,996 14 %69,498 11 %71,155 11 %
$274,337 100 %$325,702 100 %$650,644 100 %$639,201 100 %
Schedule of revenue streams
Revenue streams
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)
2022202120222021
Perpetual license2,266 12,596 $9,706 $18,048 
Subscription license41,600 104,296 179,133 215,805 
Revenue recognized at a point in time43,866 116,892 188,839 233,853 
Maintenance78,326 78,782 158,042 154,343 
Pega Cloud93,506 73,293 183,823 141,151 
Consulting58,639 56,735 119,940 109,854 
Revenue recognized over time230,471 208,810 461,805 405,348 
Total revenue$274,337 $325,702 $650,644 $639,201 
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2022202120222021
Pega Cloud93,506 73,293 $183,823 $141,151 
Maintenance78,326 78,782 158,042 154,343 
Subscription services171,832 152,075 341,865 295,494 
Subscription license41,600 104,296 179,133 215,805 
Subscription213,432 256,371 520,998 511,299 
Perpetual license2,266 12,596 9,706 18,048 
Consulting58,639 56,735 119,940 109,854 
274,337 325,702 $650,644 $639,201 
Revenue for remaining performance obligations expected to be recognized
Expected future revenue from existing non-cancellable contracts:
As of June 30, 2022:
(Dollars in thousands)Subscription servicesSubscription licensePerpetual licenseConsultingTotal
MaintenancePega Cloud
1 year or less
$204,974 $320,102 $46,810 $6,681 $32,159 $610,726 54 %
1-2 years
57,862 200,135 10,711 4,505 7,919 281,132 25 %
2-3 years
28,403 96,861 2,126 2,252 2,574 132,216 12 %
Greater than 3 years
18,447 81,069 1,680 — 424 101,620 %
$309,686 $698,167 $61,327 $13,438 $43,076 $1,125,694 100 %
As of June 30, 2021:
(Dollars in thousands)Subscription servicesSubscription licensePerpetual licenseConsultingTotal
MaintenancePega Cloud
1 year or less
$214,645 $281,793 $46,146 $6,707 $17,863 $567,154 56 %
1-2 years
59,164 194,841 15,708 234 2,675 272,622 26 %
2-3 years
36,076 88,855 909 — 762 126,602 12 %
Greater than 3 years
26,564 37,246 255 — 693 64,758 %
$336,449 $602,735 $63,018 $6,941 $21,993 $1,031,136 100 %
Schedule of revenue by major clients
Clients accounting for 10% or more of the Company’s total revenue:
Three Months Ended
June 30,
Six Months Ended
June 30,
(Dollars in thousands)2022202120222021
Total revenue$274,337 $325,702 $650,644 $639,201 
Client A*13 %**