Pegasystems Reports Lower Third-Quarter Profit Amid AI Market Changes
Pegasystems reported profit of $14.01 million, or 8 cents a share, for the quarter ended Sept. 30, compared with a profit in the year-earlier period. Changes in the AI market slowed annual contract value growth.
By Natalie WegerPegasystems posted a lower profit in the third quarter after changes in the artificial intelligence market slowed its annual contract value growth.The AI software company posted a profit of $14.01 million, or 8 cents a share for the quarter ended Sept. 30 compared with a profit of…