PEGA reported solid earnings results two days ago, in which the business grew revenue by 18%, beating consensus by a big margin of 900 bps. The consolidated top-line growth masked the even better growth performance within the recurring revenue stream, where revenue grew 25.5% y/y, driven by subscription license growth of 105.5% and Pega Cloud growth of 16.5%. Profit performance was solid as well. Adj EBIT margin sustained at ~14.4% level (similar to 14.5% in 1Q24), a big improvement from 2Q23's -0.6%. I bel ...