Pegasystems Inc
(NASDAQ:PEGA)

Pegasystems Inc. develops, markets, licenses, hosts, and supports enterprise software applications in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. It provides Pega Platform, an application development product for clients;...

Website: http://www.pega.com

Founded: 1983

Full Time Employees: 5,155

Sector: Technology

Industry: Software-Application

Technology

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Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31

revenue
yoy
qoq
subscription services	280,348,000	272,792,000	264,198,000	246,014,000	227,491,000	230,895,000	224,810,000	214,430,000	211,903,000	206,992,000	201,578,000	197,105,000	187,509,000	185,085,000	174,885,000	171,832,000	170,033,000
subscription license	94,852,000	180,250,000	60,600,000	79,963,000	186,555,000	204,697,000	45,420,000	84,647,000	63,338,000	207,559,000	74,342,000	41,197,000	84,527,000	155,818,000	31,112,000	41,600,000	137,533,000
consulting	54,773,000	53,310,000	56,394,000	57,824,000	60,421,000	52,822,000	54,364,000	52,040,000	54,047,000	54,310,000	55,976,000	58,387,000	53,033,000	55,203,000	55,511,000	58,639,000	61,301,000	55,740,000	56,416,000	56,735,000	53,119,000	53,403,000	56,721,000	52,992,000
total revenue	429,973,000	504,317,000	381,350,000	384,512,000	475,633,000	490,830,000	325,050,000	351,153,000	330,147,000	474,233,000	334,643,000	298,268,000	325,472,000	396,470,000	270,731,000	274,337,000	376,307,000	316,184,000	256,268,000	325,702,000	313,499,000	298,600,000	225,951,000	227,375,000	265,591,000	276,542,000	216,703,000	205,592,000	212,546,000	256,357,000	203,263,000	196,779,000	235,182,000	239,540,000	179,815,000	197,980,000	223,247,000	199,610,000	182,802,000	188,996,000	178,858,000	204,355,000	162,403,000	162,019,000	153,918,000	168,924,000	137,631,000	142,985,000	140,464,000	153,382,000	122,011,000	117,315,000	116,246,000	143,830,000	101,657,000	105,056,000	111,167,000	115,294,000	95,503,000	103,518,000	102,360,000	89,253,000	90,016,000	82,246,000	75,084,000	72,947,000	64,821,000	63,878,000	62,367,000
cost of revenue
total cost of revenue	106,754,000	103,465,000	105,893,000	109,574,000	102,450,000	102,355,000	96,706,000	96,946,000	94,658,000	90,646,000	93,763,000	96,140,000	97,934,000	92,273,000	93,050,000	95,115,000	88,197,000	85,163,000	84,222,000	84,531,000	82,447,000	76,895,000	77,799,000	76,691,000	79,528,000	77,607,000	80,898,000	77,080,000	74,437,000	77,911,000	74,423,000	73,817,000	75,614,000	73,977,000	69,731,000	67,875,000	68,090,000	62,209,000	60,437,000	60,100,000	56,510,000	53,165,000	55,441,000	54,781,000	50,059,000	46,108,000	46,382,000	46,691,000	45,913,000	43,777,000	38,098,000	37,878,000	37,653,000	38,194,000	37,665,000	39,987,000	41,534,000	42,574,000	41,811,000	40,397,000	40,016,000	36,048,000	34,990,000	31,260,000	26,436,000	24,754,000	24,060,000	21,592,000	20,531,000
gross profit	323,219,000	400,852,000	275,457,000	274,938,000	373,183,000	388,475,000	228,344,000	254,207,000	235,489,000	383,587,000	240,880,000	202,128,000	227,538,000	304,197,000	177,681,000	179,222,000	288,110,000	231,021,000	172,046,000	241,171,000	231,052,000	221,705,000	148,152,000	150,684,000	186,063,000	198,935,000	135,805,000	128,512,000	138,109,000	178,446,000	128,840,000	122,962,000	159,568,000	165,563,000	110,084,000	130,105,000	155,157,000	137,401,000	122,365,000	128,896,000	122,348,000	151,190,000	106,962,000	107,238,000	103,859,000	122,816,000	91,249,000	96,294,000	94,551,000	109,605,000	83,913,000	79,437,000	78,593,000	105,636,000	63,992,000	65,069,000	69,633,000	72,720,000	53,692,000	63,121,000	62,344,000	53,205,000	55,026,000	50,986,000	48,648,000	48,193,000	40,761,000	42,286,000	41,836,000
yoy	-13.39%	3.19%	20.63%	8.16%	58.47%	1.27%	-5.20%	25.77%	3.49%	26.10%	35.57%	12.78%	-21.02%	31.68%	3.28%	-25.69%	24.69%	4.20%	16.13%	60.05%	24.18%	11.45%	9.09%	17.25%	34.72%	11.48%	5.41%	4.51%	-13.45%	7.78%	17.04%	-5.49%	2.84%	20.50%	-10.04%	0.94%	26.82%	-9.12%	14.40%	20.20%	17.80%	23.10%	17.22%	11.37%	9.84%	12.05%	8.74%	21.22%	20.30%	3.76%	31.13%	22.08%	12.87%	45.26%	19.18%	3.09%	11.69%	36.68%	-2.42%	23.80%	28.15%	10.40%	35.00%	20.57%	16.28%
qoq	-19.37%	45.52%	0.19%	-26.33%	-3.94%	70.13%	-10.17%	7.95%	-38.61%	59.24%	19.17%	-11.17%	-25.20%	71.20%	-0.86%	-37.79%	24.71%	34.28%	-28.66%	4.38%	4.22%	49.65%	-1.68%	-19.01%	-6.47%	46.49%	5.67%	-6.95%	-22.60%	38.50%	4.78%	-22.94%	-3.62%	50.40%	-15.39%	-16.15%	12.92%	12.29%	-5.07%	5.35%	-19.08%	41.35%	-0.26%	3.25%	-15.44%	34.59%	-5.24%	1.84%	-13.73%	30.62%	5.63%	1.07%	-25.60%	65.08%	-1.66%	-6.55%	-4.25%	35.44%	-14.94%	1.25%	17.18%	-3.31%	7.92%	4.81%	0.94%	18.23%	-3.61%	1.08%
gross margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
operating expenses
selling and marketing	155,603,000	153,308,000	140,129,000	147,131,000	138,069,000	139,655,000	127,669,000	139,761,000	127,695,000	133,924,000	131,598,000	143,858,000	149,797,000	151,838,000	153,517,000	157,198,000	162,236,000	168,245,000	152,479,000	156,423,000	148,739,000	150,009,000	132,053,000	127,607,000	136,024,000	133,395,000	115,237,000	116,962,000	108,865,000	103,650,000	87,490,000	93,972,000	88,383,000	89,826,000	70,209,000	75,887,000	71,288,000	76,723,000	67,032,000	74,016,000	61,078,000	71,623,000	53,640,000	60,389,000	55,735,000	55,886,000	48,623,000	56,342,000	45,807,000	53,815,000	42,663,000	45,346,000	39,270,000	50,787,000	36,893,000	41,188,000	38,395,000	43,750,000	32,463,000	37,208,000	34,036,000	33,242,000	31,199,000	29,896,000	21,893,000	22,715,000	19,568,000	16,659,000	15,436,000
research and development	82,047,000	80,855,000	78,756,000	78,784,000	74,286,000	76,379,000	74,157,000	75,425,000	72,113,000	71,250,000	74,955,000	73,931,000	75,376,000	73,176,000	75,342,000	74,341,000	71,490,000	69,065,000	64,728,000	64,395,000	62,442,000	59,366,000	60,024,000	58,869,000	58,727,000	52,408,000	52,492,000	49,714,000	50,596,000	46,449,000	46,504,000	41,972,000	46,785,000	41,797,000	41,031,000	39,762,000	40,296,000	37,018,000	38,036,000	35,574,000	34,920,000	32,126,000	33,032,000	31,372,000	29,844,000	28,101,000	28,558,000	27,323,000	24,609,000	20,603,000	19,786,000	19,761,000	19,576,000	19,315,000	19,506,000	18,901,000	19,004,000	18,261,000	16,218,000	15,696,000	15,133,000	14,633,000	14,924,000	14,010,000	11,626,000	10,664,000	9,930,000	9,149,000	9,119,000
general and administrative	48,573,000	40,998,000	42,108,000	31,788,000	33,828,000	28,207,000	35,694,000	25,420,000	23,527,000	22,850,000	27,321,000	23,462,000	23,110,000	23,204,000	26,043,000	32,723,000	35,764,000	25,899,000	20,176,000	19,161,000	18,270,000	18,260,000	17,907,000	15,655,000	15,630,000	14,877,000	14,843,000	14,174,000	12,676,000	12,894,000	12,104,000	10,181,000	16,464,000	13,979,000	13,133,000	12,706,000	12,335,000	11,884,000	11,725,000	11,294,000	11,048,000	10,600,000	9,579,000	10,214,000	6,345,000	9,065,000	8,825,000	10,250,000	9,302,000	8,391,000	7,130,000	7,277,000	6,796,000	7,744,000	7,192,000	7,664,000	6,315,000	7,005,000	7,222,000	6,839,000	7,132,000	6,788,000	6,442,000	6,745,000	5,059,000	4,625,000	3,798,000	4,648,000	4,946,000
restructuring	-153,000	11,578,000	-5,000	-44,000	11,000	1,245,000	2,485,000	635,000	163,000	297,000	17,822,000	2,167,000	1,461,000																											29,000	258,000						192,000
total operating expenses	286,070,000	296,489,000	260,988,000	257,659,000	246,194,000	245,486,000	240,005,000	241,241,000	255,901,000	228,321,000	251,696,000	243,418,000	249,744,000	269,961,000	254,902,000	264,262,000	269,490,000	263,209,000	237,383,000	239,979,000	229,451,000	227,635,000	209,984,000	202,131,000	210,381,000	200,680,000	182,572,000	180,850,000	172,137,000	162,993,000	146,098,000	146,125,000	151,632,000	145,602,000	124,373,000	128,355,000	123,919,000	125,625,000	116,867,000	122,536,000	108,223,000	114,399,000	96,251,000	101,988,000	91,950,000	93,123,000	86,252,000	94,072,000	79,924,000	85,301,000	70,124,000	72,384,000	65,642,000	77,846,000	63,591,000	67,753,000	63,714,000	69,016,000	55,700,000	59,887,000	56,780,000	57,150,000	53,083,000	60,126,000	40,086,000	38,004,000	33,296,000	30,456,000	29,501,000
income from operations	37,149,000	104,363,000	14,469,000	17,279,000	126,989,000			12,966,000					-22,206,000			-85,040,000	18,620,000			1,192,000	1,601,000								-34,028,000	15,453,000	-17,258,000	-23,163,000	7,936,000	19,961,000	-14,289,000	1,750,000	31,238,000	11,776,000	5,498,000	6,360,000	14,125,000	36,791,000	10,711,000	5,250,000	11,909,000	29,693,000	4,997,000	2,222,000	14,627,000	24,304,000	13,789,000	7,053,000	12,951,000	27,790,000	401,000	-2,684,000	5,919,000	3,704,000	-2,008,000	3,234,000	5,564,000	-3,945,000	1,943,000	-9,140,000	8,562,000	10,189,000	7,465,000	11,830,000	12,335,000
yoy	-70.75%			33.26%									-219.26%			-7234.23%	1063.02%												-528.78%	-22.58%	20.78%	-1423.60%	-74.60%	69.51%	-359.89%	-72.48%	121.15%	-67.99%	-48.67%	21.14%	18.61%	23.90%	114.35%	136.27%	-18.58%	22.17%	-63.76%	-68.50%	12.94%	-12.54%	3338.65%	-362.78%	118.80%	650.27%	-119.97%	-182.99%	6.38%	-193.89%	-203.35%	-135.38%	-35.02%	-138.72%	-73.97%	-177.26%	-30.59%
qoq	-64.40%	621.29%	-16.26%	-86.39%												-556.71%				-25.55%									-320.20%	-189.54%	-25.49%	-391.87%	-60.24%	-239.69%	-916.51%	-94.40%	165.27%	114.19%	-13.55%	-54.97%	-61.61%	243.49%	104.02%	-55.92%	-59.89%	494.22%	124.89%	-84.81%	-39.82%	76.26%	95.51%	-45.54%	-53.40%	6830.17%	-114.94%	-145.35%	59.80%	-284.46%	-162.09%	-41.88%	-241.04%	-303.04%	-121.26%	-206.75%	-15.97%	36.49%	-36.90%	-4.09%
operating margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	Infinity%	NaN%	NaN%	NaN%	NaN%	-Infinity%	NaN%	NaN%	-Infinity%	Infinity%	NaN%	NaN%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
foreign currency transaction gain	1,850,000	-3,044,750	7,154,000	-14,008,000		6,318,000	-4,405,000	437,000		-1,271,000	1,994,000	-3,290,000	-2,675,000	-3,855,000	3,826,000	1,713,000	2,876,000	-1,476,000	518,000	-403,000		1,159,000	4,236,000	4,256,000		1,242,000	-1,970,000	2,105,000		1,863,000	399,000	1,244,000	-1,085,000	-107,000	-552,000	-917,000	676,000	-517,000	1,082,000	306,000	1,376,000			-968,000	-2,962,000	-1,242,000	-2,845,000		322,000	73,000	661,000		-1,890,000	443,000	438,000	-841,000	740,000	-1,075,000	-1,049,000	173,000	1,016,000	-1,466,000	1,513,000	-2,542,000		-294,000	266,000	2,923,000	-812,000
interest income	2,954,000	2,398,000	2,660,000	3,248,000	5,335,000	6,944,000	6,769,000	6,785,000	5,281,000	3,428,000	2,532,000	1,814,000	1,485,000	607,000	520,000	309,000	207,000	149,000	166,000	236,000	153,000	131,000	243,000	242,000	607,000	-15,000	556,000	544,000	723,000	629,000	683,000	629,000	764,000	261,000	144,000	161,000	165,000	126,000	172,000	188,000	290,000	249,000	278,000	216,000	313,000	215,000	181,000	163,000	124,000	148,000	123,000	135,000	118,000	101,000	113,000	94,000	111,000	119,000	102,000	91,000	86,000	122,000	129,000	119,000	513,000
interest expense	-44,000	-113,000	-144,000	-1,000	-1,027,000	-1,788,000	-1,639,000	-1,656,000	-1,752,000	-1,647,000	-1,533,000	-1,778,000	-1,918,000	-1,910,000	-1,992,000	-1,944,000	-1,946,000	-2,209,000	-1,908,000	-1,959,000	-1,880,000	-5,565,000	-5,956,000	-5,529,000	-2,306,000
(loss) on capped call transactions						4,000	-689,000			-899,000	-2,294,000			-14,095,250	-6,876,000		-30,560,000				-19,117,000
other income	-2,204,000	1,037,000	-43,000	18,729,000	561,000	-299,000			1,684,000	25,000	6,383,000	5,702,000	6,583,000	82,000	-29,000	3,785,000	2,741,000	-19,000	2,000		106,000	-4,000			1,374,000	181,000	323,000	55,000					363,000	71,750		566,000				-1,356,000		-82,000	-331,000	3,000		-126,750	19,000	6,000	-532,000	-217,000	-1,163,000	-94,000	839,000	-184,000	-920,000	263,000	-839,000	491,000	504,000	-167,000	28,000		572,000	1,000	241,000	5,000		7,000	10,000
income before provision for income taxes	39,705,000	104,974,000	24,096,000	25,247,000	126,310,000			15,255,000								-100,122,000																	7,978,000	18,437,000	-14,697,000	1,560,000	31,800,000	10,696,000	5,515,000	5,498,000	13,493,000	36,498,000	10,246,000	4,501,000	9,260,000	28,714,000	2,352,000	2,387,000				6,657,000
provision for income taxes	6,941,000	-129,600,000	-19,268,000	-4,830,000	40,888,000	35,078,000	2,765,000	8,642,000	-3,038,000	12,237,000	3,545,000	6,601,000	5,249,000	-6,454,000	11,748,000	186,174,000																	-4,222,000	22,118,000	-12,885,000	-9,846,000	4,779,000	-1,220,000	3,097,000	1,851,000	4,488,000	15,540,000	3,921,000	1,397,000	3,325,000	8,610,000	470,000	883,000				1,954,000
net income	32,764,000	234,574,000	43,364,000	30,077,000	85,422,000			6,613,000								-286,296,000				37,291,000								-32,296,000	-28,717,000	16,413,000	-7,587,000	-10,409,000	12,200,000	-3,681,000	-1,812,000	11,406,000	27,021,000	11,916,000	2,418,000	3,647,000	9,005,000	20,958,000	6,325,000	3,104,000	5,935,000	20,104,000	1,882,000	1,504,000	9,765,000	15,561,000	8,710,000	4,703,000	9,069,000	20,409,000	-331,000	-2,267,000	4,057,000	-1,855,000	4,959,000	2,273,000	4,731,000	-4,693,000	3,139,000	-8,188,000	3,851,000	6,328,000	6,001,000	11,241,000	8,642,000
yoy	-61.64%			354.82%												-867.73%												210.27%	-335.39%	-545.88%	318.71%	-191.26%	-54.85%	-130.89%	-174.94%	212.75%	200.07%	-43.14%	-61.77%	17.49%	51.73%	4.25%	236.08%	106.38%	-39.22%	29.19%	-78.39%	-68.02%	7.67%	-23.75%	-2731.42%	-307.45%	123.54%	-1200.22%	-106.67%	-199.74%	-14.25%	-60.47%	57.98%	-127.76%	22.85%	-174.16%	-47.69%	-172.84%	-55.44%
qoq	-86.03%	440.94%	44.18%	-64.79%																								12.46%	-274.96%	-316.33%	-27.11%	-185.32%	-431.43%	103.15%	-115.89%	-57.79%	126.76%	392.80%	-33.70%	-59.50%	-57.03%	231.35%	103.77%	-47.70%	-70.48%	968.23%	25.13%	-84.60%	-37.25%	78.66%	85.20%	-48.14%	-55.56%	-6265.86%	-85.40%	-155.88%	-318.71%	-137.41%	118.17%	-51.96%	-200.81%	-249.51%	-138.34%	-312.62%	-39.14%	5.45%	-46.62%	30.07%
net income margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	-Infinity%	NaN%	NaN%	NaN%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
earnings per share
basic	0.19	1.37	0.25	0.18	0.99			0.08								-3.5				0.46								-0.41	-0.37	0.21	-0.1	-0.13	0.16	-0.04	-0.03	0.15	0.35	0.15	0.03	0.05	0.12	0.27	0.08	0.04	0.08	0.27	0.02	0.02	0.13	0.41	0.23		0.24	0.01	-0.01	-0.06	0.11	0.08	0.13		0.13				0.1	0.17	0.16
diluted	0.18	1.27	0.24	0.17	0.91			0.07								-3.5				0.43								-0.41	-0.37	0.2	-0.1	-0.13	0.15	-0.04	-0.03	0.14	0.33	0.15	0.03	0.05	0.11	0.27	0.08	0.04	0.08	0.25	0.02	0.02	0.12	0.4	0.22		0.23	0.01	-0.01	-0.06	0.1	0.078	0.13		0.12				0.1	0.17	0.16
weighted-average number of common shares outstanding
basic	168,817	170,782	170,567	170,776	85,902	85,265	85,625	85,157	84,266	83,162	83,336	83,039	82,604	81,947	81,996	81,847	81,680	81,387	81,526	81,316	81,004	80,336	80,537	80,224	79,808	79,055	79,200	78,987	78,584	78,564	78,700	78,635	78,236	77,431	77,691	77,313	76,761	76,343	76,278	76,318	76,375	76,507	76,534	76,626	76,401	76,327	76,351	76,286	76,298	37,973	37,955	37,949	37,947	37,853	37,881	37,865	37,756	37,496	37,588	37,405	37,276	37,031	36,996	37,054	36,873	36,208	36,462
diluted	178,841	184,790	184,095	182,160	94,413	89,634	85,625	88,500	84,266	84,914	83,336	83,039	82,604	81,947	81,996	81,847	81,680	81,387	81,526	90,320	81,004	80,336	80,537	80,224	79,808	79,055	79,200	78,987	78,584	83,064	78,700	78,635	83,102	82,832	77,691	82,945	81,875	79,732	79,082	78,969	78,878	79,043	79,174	78,950	78,592	78,531	78,653	78,280	78,661	38,987	39,079	38,749	38,788	38,859	37,881	37,865	38,889	39,404	38,930	38,851	38,803	37,031	38,534	37,054	38,702	38,113	38,441
perpetual license		508,750	158,000	711,000	1,166,000	2,416,000	456,000	36,000	859,000	5,372,000	2,747,000	1,579,000	403,000	364,000	9,223,000	2,266,000	7,440,000
litigation settlement, net of recoveries									32,403,000
gain on capped call transactions									3,299,000				3,206,000							26,309,000		11,881,000	18,989,000	19,419,000
foreign currency transaction					-5,325,000				-3,262,000												-5,098,000				-5,947,000
income on capped call transactions					-223,000			-3,277,000				-1,361,000				-18,945,000		-1,885,750	-14,735,000
(loss) from operations						-4,776,750	-11,661,000		-20,412,000	-18,578,000	-10,816,000	-41,290,000		34,236,000	-77,221,000			-32,188,000	-65,337,000			-5,930,000	-61,832,000	-51,447,000	-24,318,000	-33,283,250	-46,767,000	-52,338,000
(loss) before provision for income taxes						-2,883,000	-11,625,000		-15,162,000	-14,865,500	-3,734,000	-40,203,000	-15,525,000	28,159,000	-81,772,000
net						-4,975,250	-14,390,000		-12,124,000	-18,714,250	-7,279,000	-46,804,000	-20,774,000	34,613,000	-93,520,000		-379,000	-37,246,000	-56,468,000		-6,617,000	-16,344,750	-19,267,000	-20,740,000	-25,372,000	-22,837,750	-30,338,000
(loss) per share
basic						-0.058	-0.17		-0.14	-0.225	-0.09	-0.56	-0.25	0.43	-1.14			-0.45	-0.69		-0.08	-0.205	-0.24	-0.26	-0.32	-0.29	-0.38
diluted						-0.058	-0.17		-0.14	-0.225	-0.09	-0.56	-0.25	0.43	-1.14			-0.45	-0.69		-0.08	-0.205	-0.24	-0.26	-0.32	-0.29	-0.38
(loss) before (benefit from) income taxes																	-8,062,000	-51,833,000	-81,294,000		-24,235,000	1,672,000	-44,320,000	-33,059,000	-49,182,000	-33,627,250	-47,858,000	-49,634,000
(benefit from) income taxes																	-7,683,000	-14,587,000	-24,826,000	-11,916,000	-17,618,000	-2,334,000	-25,053,000	-12,319,000	-23,810,000	-1,255,000	-17,520,000	-17,338,000
pega cloud																		54,880,000	78,369,000	73,293,000	67,858,000	61,188,000	54,776,000	48,838,000
maintenance																		59,382,750	83,188,000	78,782,000	75,561,000	76,122,000	74,670,000	72,222,000	73,695,000	73,174,000	70,371,000	69,329,000	67,706,000	67,427,000	66,017,000	65,906,000	64,525,000	63,588,000	62,204,000	59,590,000	58,965,000	57,162,000	55,038,000	55,161,000	52,975,000	52,436,000	52,285,000	49,329,000	48,752,000	48,684,000	47,281,000	45,393,000	44,881,000	45,071,000	37,979,000	37,937,000	36,322,000	35,870,000	32,317,000	34,495,000	30,845,000	31,397,000	29,971,000	28,294,000	27,448,000	24,986,000	23,418,000	20,388,000	15,086,000	13,491,000	12,489,000	12,171,000	11,948,000
software license																		68,037,000	38,295,000	116,892,000	116,961,000	107,887,000	39,784,000	53,323,000	93,916,000	113,905,000	58,005,000	44,274,000	63,264,000	103,220,000	52,342,000	44,784,000	87,773,000	93,114,000	41,793,000	61,037,000	92,390,000	72,146,000	68,833,000	70,671,000	68,345,000	95,168,000	58,948,000	63,497,000	57,975,000	77,418,000	48,292,000	54,012,000	52,614,000	63,659,000	44,802,000	40,206,000	43,209,000	68,389,000	28,575,000	30,999,000	35,943,000	45,354,000	25,346,000	34,645,000	33,462,000	27,407,000	33,889,000	28,200,000	30,343,000	33,889,000	28,358,000	25,651,000	28,036,000
income before (benefit from) income taxes																				25,375,000
services																									97,980,000	89,463,000	88,327,000	91,989,000	81,576,000	85,710,000	84,904,000	86,089,000	82,884,000	82,838,000	75,818,000	77,353,000	71,892,000	70,302,000	58,931,000	63,164,000	57,538,000	56,751,000	51,170,000	49,193,000	47,191,000	42,822,000	42,058,000	43,580,000	42,969,000
loss on capped call transactions																									-18,592,000
foreign currency transaction loss																													-3,712,000													174,000	-412,000									-437,000													-3,074,000
income before benefit from income taxes																													-37,017,000	-7,372,000	-16,176,000																		14,541,000	24,308,000	13,410,000		12,018,000				5,931,000				6,694,000	-252,000	4,208,000		6,294,000	10,763,000	8,526,000	15,716,000	12,410,000
benefit from income taxes																													-8,300,000	-5,923,000	-8,589,000																		4,776,000	8,747,000	4,700,000		2,949,000				1,874,000				1,963,000	47,500	1,069,000		2,443,000	4,435,000	2,525,000	4,475,000	3,768,000
cash dividends declared per share																														0.023	0.03	0.03	0.03	0.023	0.03	0.03	0.03	0.023	0.03	0.03	0.03	0.023	0.03	0.03	0.03	0.019	0.03	0.03	0.015	0.023	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
income before (benefit) from income taxes																																-21,290,000
(benefit) from income taxes																																-10,881,000
revenue:
cost of revenue:
operating expenses:
acquisition-related																																							74,000	1,623,000	919,000	50,000		13,000	26,000	71,000	54,000
earnings per share:
basic	0.19	1.37	0.25	0.18	0.99			0.08								-3.5				0.46								-0.41	-0.37	0.21	-0.1	-0.13	0.16	-0.04	-0.03	0.15	0.35	0.15	0.03	0.05	0.12	0.27	0.08	0.04	0.08	0.27	0.02	0.02	0.13	0.41	0.23		0.24	0.01	-0.01	-0.06	0.11	0.08	0.13		0.13				0.1	0.17	0.16
diluted	0.18	1.27	0.24	0.17	0.91			0.07								-3.5				0.43								-0.41	-0.37	0.2	-0.1	-0.13	0.15	-0.04	-0.03	0.14	0.33	0.15	0.03	0.05	0.11	0.27	0.08	0.04	0.08	0.25	0.02	0.02	0.12	0.4	0.22		0.23	0.01	-0.01	-0.06	0.1	0.078	0.13		0.12				0.1	0.17	0.16
weighted-average number of common shares outstanding:
basic	168,817	170,782	170,567	170,776	85,902	85,265	85,625	85,157	84,266	83,162	83,336	83,039	82,604	81,947	81,996	81,847	81,680	81,387	81,526	81,316	81,004	80,336	80,537	80,224	79,808	79,055	79,200	78,987	78,584	78,564	78,700	78,635	78,236	77,431	77,691	77,313	76,761	76,343	76,278	76,318	76,375	76,507	76,534	76,626	76,401	76,327	76,351	76,286	76,298	37,973	37,955	37,949	37,947	37,853	37,881	37,865	37,756	37,496	37,588	37,405	37,276	37,031	36,996	37,054	36,873	36,208	36,462
diluted	178,841	184,790	184,095	182,160	94,413	89,634	85,625	88,500	84,266	84,914	83,336	83,039	82,604	81,947	81,996	81,847	81,680	81,387	81,526	90,320	81,004	80,336	80,537	80,224	79,808	79,055	79,200	78,987	78,584	83,064	78,700	78,635	83,102	82,832	77,691	82,945	81,875	79,732	79,082	78,969	78,878	79,043	79,174	78,950	78,592	78,531	78,653	78,280	78,661	38,987	39,079	38,749	38,788	38,859	37,881	37,865	38,889	39,404	38,930	38,851	38,803	37,031	38,534	37,054	38,702	38,113	38,441
other expense																																					-279,000	-689,000	-1,237,000		-2,298,000
earnings per share :
basic	0.19	1.37	0.25	0.18	0.99			0.08								-3.5				0.46								-0.41	-0.37	0.21	-0.1	-0.13	0.16	-0.04	-0.03	0.15	0.35	0.15	0.03	0.05	0.12	0.27	0.08	0.04	0.08	0.27	0.02	0.02	0.13	0.41	0.23		0.24	0.01	-0.01	-0.06	0.11	0.08	0.13		0.13				0.1	0.17	0.16
diluted	0.18	1.27	0.24	0.17	0.91			0.07								-3.5				0.43								-0.41	-0.37	0.2	-0.1	-0.13	0.15	-0.04	-0.03	0.14	0.33	0.15	0.03	0.05	0.11	0.27	0.08	0.04	0.08	0.25	0.02	0.02	0.12	0.4	0.22		0.23	0.01	-0.01	-0.06	0.1	0.078	0.13		0.12				0.1	0.17	0.16
weighted-average number of common shares outstanding :
basic	168,817	170,782	170,567	170,776	85,902	85,265	85,625	85,157	84,266	83,162	83,336	83,039	82,604	81,947	81,996	81,847	81,680	81,387	81,526	81,316	81,004	80,336	80,537	80,224	79,808	79,055	79,200	78,987	78,584	78,564	78,700	78,635	78,236	77,431	77,691	77,313	76,761	76,343	76,278	76,318	76,375	76,507	76,534	76,626	76,401	76,327	76,351	76,286	76,298	37,973	37,955	37,949	37,947	37,853	37,881	37,865	37,756	37,496	37,588	37,405	37,276	37,031	36,996	37,054	36,873	36,208	36,462
diluted	178,841	184,790	184,095	182,160	94,413	89,634	85,625	88,500	84,266	84,914	83,336	83,039	82,604	81,947	81,996	81,847	81,680	81,387	81,526	90,320	81,004	80,336	80,537	80,224	79,808	79,055	79,200	78,987	78,584	83,064	78,700	78,635	83,102	82,832	77,691	82,945	81,875	79,732	79,082	78,969	78,878	79,043	79,174	78,950	78,592	78,531	78,653	78,280	78,661	38,987	39,079	38,749	38,788	38,859	37,881	37,865	38,889	39,404	38,930	38,851	38,803	37,031	38,534	37,054	38,702	38,113	38,441
acquisition-related costs																																																157,000	206,000	761,000	545,000									144,000	338,000	910,000	111,000	3,395,000	1,508,000
professional services																																																		28,779,250	39,230,000	39,172,000	36,715,000	39,571,000	40,765,000	39,562,000	44,379,000	38,543,000	40,186,000	40,579,000	41,450,000	36,860,000	32,709,000	33,658,000	29,655,000	25,567,000	23,974,000	26,056,000	22,383,000
earnings per share:
basic and diluted																																																				0.12
cost of software license																																																					1,583,000	1,576,000	1,585,000	1,579,000	1,599,000	1,751,000	1,637,000	1,631,000	1,674,000	1,592,000	1,571,000	1,109,000	31,000	31,000	28,000	31,000	31,000
cost of maintenance																																																					3,735,000	3,715,000	3,745,000	3,718,000	3,609,000	3,463,000	2,980,000	3,260,000	3,374,000	3,202,000	3,187,000	2,715,000	1,937,000	1,751,000	1,558,000	1,457,000	1,437,000
cost of professional services																																																					32,335,000	32,903,000	32,335,000	34,690,000	36,326,000	37,360,000	37,194,000	35,506,000	34,968,000	31,254,000	30,232,000	27,436,000	24,468,000	22,972,000	22,474,000	20,104,000	19,063,000
restructuring costs																																																											-203,000		141,000	1,577,000	407,000	6,080,000
income before benefit for income taxes																																																						28,150,000	32,000	-3,168,000		3,239,000	-2,451,000	3,331,000				-11,510,000
benefit for income taxes																																																						7,741,000	363,000	-901,000		5,094,000	-7,410,000	1,058,000				-3,322,000
net earnings per share:
basic																																																												0.06		-0.13	0.08	-0.22
diluted																																																												0.06		-0.13	0.08	-0.22
installment receivable interest income																																																														38,750	51,000	52,000	52,000	123,000	74,000	75,000	75,000
other interest income																																																																		601,000	721,000	881,000	802,000
earnings per share, basic																																																																				0.31	0.24
earnings per share, diluted																																																																				0.3	0.23
weighted-average number of common shares outstanding, basic																																																																				35,965	35,670
weighted-average number of common shares outstanding, diluted																																																																				37,995	37,421
dividends per share																																																																				0.03	0.03

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31

assets
current assets:
cash and cash equivalents	269,962,000	212,447,000	148,699,000	201,565,000	231,129,000	337,103,000	287,649,000	258,257,000	291,905,000	229,902,000	169,023,000	186,874,000	168,318,000	145,054,000	107,626,000	109,275,000	132,771,000	159,965,000	116,411,000	139,878,000	172,708,000	171,899,000	281,218,000	512,111,000	538,142,000	68,363,000	92,104,000	95,500,000	110,367,000	114,422,000	106,195,000	144,291,000	165,790,000	162,279,000	130,568,000	121,626,000	83,838,000	70,594,000	66,383,000	64,261,000	92,180,000	93,026,000	97,278,000	120,864,000	127,480,000	114,585,000	136,545,000	127,111,000	144,330,000	80,231,000	108,827,000	103,845,000	123,731,000	77,525,000	66,237,000	54,827,000	33,473,000	60,353,000	51,603,000	66,983,000	56,352,000	71,127,000	52,777,000	63,033,000	201,065,000	63,857,000		49,796,000	37,799,000
marketable securities	203,992,000	213,352,000	202,663,000	210,002,000	140,607,000	402,870,000	415,341,000	406,819,000	327,044,000	193,436,000	167,286,000	125,939,000	155,564,000	152,167,000	168,085,000	187,613,000	199,401,000	202,814,000	235,437,000	271,459,000	269,650,000	293,269,000	186,810,000				20,465,000	59,549,000	91,804,000	93,001,000	99,782,000	99,292,000	89,047,000	61,469,000	63,812,000	58,414,000	63,948,000	63,167,000	63,347,000	73,308,000	101,733,000	126,052,000	126,738,000	106,068,000	97,877,000	96,631,000	92,026,000	89,102,000	76,634,000	76,461,000	79,618,000	69,966,000	57,124,000	45,460,000	45,092,000	48,037,000	54,587,000	51,079,000	46,671,000	32,634,000	20,463,000	16,124,000	16,076,000	11,008,000	1,000,000	138,796,000		140,266,000	135,232,000
total cash, cash equivalents, and marketable securities	473,954,000	425,799,000	351,362,000	411,567,000	371,736,000	739,973,000	702,990,000	665,076,000	618,949,000	423,338,000	336,309,000	312,813,000	323,882,000	297,221,000	275,711,000	296,888,000	332,172,000	362,779,000	351,848,000	411,337,000	442,358,000	465,168,000	468,028,000			68,363,000	112,569,000	155,049,000	202,171,000	207,423,000	205,977,000	243,583,000	254,837,000	223,748,000	194,380,000	180,040,000	147,786,000	133,761,000	129,730,000	137,569,000	193,913,000	219,078,000	224,016,000	226,932,000	225,357,000	211,216,000	228,571,000	216,213,000	220,964,000	156,692,000	188,445,000	173,811,000	180,855,000	122,985,000	111,329,000	102,864,000	88,060,000	111,432,000	98,274,000	99,617,000	76,815,000	87,251,000	68,853,000	74,041,000	202,065,000	202,653,000		190,062,000
accounts receivable	173,856,000	264,713,000	160,919,000	156,470,000	202,869,000	305,468,000	173,623,000	165,723,000	191,987,000	300,173,000	168,795,000	163,915,000	201,585,000	255,150,000	139,670,000	171,556,000	171,181,000	182,717,000	143,445,000	166,226,000	159,324,000	215,827,000	137,953,000	181,686,000	191,533,000	199,720,000	123,268,000	134,965,000	135,352,000	180,872,000	150,733,000	141,384,000	164,981,000
unbilled receivables	142,057,000	166,478,000	175,732,000	184,184,000	179,093,000	173,085,000	157,281,000	164,533,000	170,458,000	237,379,000	199,948,000	182,257,000	196,279,000	213,719,000	182,403,000	201,130,000	226,052,000	226,714,000	239,774,000	236,451,000	228,603,000	207,155,000	208,823,000	198,253,000	182,399,000	180,219,000	172,090,000	169,554,000	161,480,000	172,656,000	155,964,000	151,354,000	153,657,000
other current assets	114,010,000	121,305,000	123,791,000	93,403,000	92,794,000	115,178,000	85,186,000	76,323,000	78,193,000	68,137,000	71,438,000	78,526,000	73,982,000	80,388,000	62,457,000	70,633,000	74,408,000	68,008,000	93,819,000	96,215,000	91,868,000	88,760,000	89,406,000	77,889,000	72,000,000	57,308,000	58,204,000	77,290,000	63,731,000	49,684,000	73,464,000	63,864,000	50,692,000	14,559,000	17,679,000	18,505,000	19,652,000	12,188,000	14,319,000	22,161,000	23,199,000	10,791,000	12,310,000	12,536,000	13,277,000	9,544,000	10,096,000	8,982,000	8,537,000	9,117,000	6,929,000	6,204,000	5,735,000	5,496,000	6,276,000	5,512,000	5,989,000	4,865,000	7,680,000	6,302,000	8,448,000	5,121,000				3,794,000			3,936,000
total current assets	903,877,000	978,295,000	811,804,000	845,624,000	846,492,000	1,333,704,000	1,119,080,000	1,071,655,000	1,059,587,000	1,029,027,000	776,490,000	737,511,000	795,728,000	846,478,000	660,241,000	740,207,000	803,813,000	840,218,000	828,886,000	910,229,000	922,153,000	976,910,000	904,210,000	969,939,000	984,074,000	505,610,000	466,131,000	536,858,000	562,734,000	610,635,000	586,138,000	600,185,000	624,167,000	512,300,000	438,084,000	437,646,000	441,575,000	425,132,000	378,659,000	384,466,000	436,823,000	458,865,000	393,169,000	396,430,000	408,109,000	393,080,000	366,383,000	363,579,000	354,079,000	347,217,000	300,308,000	292,420,000	272,129,000	279,010,000	219,053,000	220,780,000	219,000,000	231,961,000	211,167,000	220,198,000	208,652,000	187,000,000	170,778,000	163,103,000	259,398,000	256,241,000		238,132,000	232,825,000
long-term unbilled receivables	87,459,000	102,544,000	105,863,000	104,298,000	98,251,000	61,407,000	77,576,000	81,218,000	72,814,000	85,402,000																	123,962,000	117,889,000	130,494,000	151,237,000	168,929,000	169,330,000	180,077,000
goodwill	81,380,000	81,506,000	81,402,000	81,538,000	81,186,000	81,113,000	81,568,000	81,410,000	81,467,000	81,611,000	81,437,000	81,593,000	81,434,000	81,399,000	81,201,000	81,717,000	82,031,000	81,923,000	81,954,000	82,173,000	82,037,000	79,231,000	78,864,000	78,675,000	78,498,000	79,039,000	78,862,000	79,037,000	72,898,000	72,858,000	72,897,000	72,911,000	73,017,000	72,952,000	72,941,000	72,890,000	72,828,000	73,164,000	73,871,000	74,385,000	46,724,000	46,776,000	46,816,000	46,882,000	46,777,000	46,860,000	45,009,000	40,463,000	36,869,000	37,463,000	20,451,000	20,451,000	20,451,000	20,451,000	20,451,000	20,451,000	20,451,000	20,451,000	20,451,000	20,451,000	20,451,000	22,618,000	21,613,000	50,976,000	2,391,000	2,391,000		2,141,000	2,141,000
long-term deferred income taxes	174,251,000																																						53,905,000	52,041,000	52,536,000	53,350,000	71,998,000	70,765,000	69,208,000	69,258,000	58,129,000	61,264,000	60,938,000	60,925,000	49,693,000	49,492,000	49,163,000	49,292,000	43,835,000	43,581,000	43,100,000	43,286,000	32,673,000	33,868,000	33,687,000	32,729,000	30,521,000
other long-term assets	304,031,000	469,499,000	293,717,000	292,957,000	296,021,000	292,049,000	301,008,000	302,249,000	297,860,000	314,696,000	290,807,000	302,848,000	324,975,000	333,989,000	316,731,000	320,557,000	516,661,000	541,601,000	512,410,000	466,103,000	416,265,000	434,843,000	395,797,000	338,363,000	301,428,000	278,427,000	248,069,000	206,833,000	190,433,000	147,823,000	134,679,000	130,614,000	128,694,000	6,969,000
total assets	1,550,998,000	1,631,844,000	1,292,786,000	1,324,417,000	1,321,950,000	1,768,273,000	1,579,232,000	1,536,532,000	1,511,728,000	1,510,736,000	1,222,529,000	1,192,438,000	1,281,841,000	1,357,672,000	1,166,458,000	1,258,382,000	1,538,480,000	1,593,531,000	1,555,397,000	1,602,570,000	1,528,503,000	1,604,262,000	1,487,327,000	1,496,285,000	1,474,393,000	984,812,000	917,024,000	940,617,000	956,559,000	982,553,000	962,643,000	973,040,000	1,005,955,000	721,606,000	665,070,000	662,972,000	669,639,000	654,656,000	596,995,000	603,355,000	606,182,000	627,758,000	583,940,000	590,367,000	600,803,000	587,801,000	549,164,000	545,587,000	535,711,000	533,662,000	450,996,000	446,019,000	428,563,000	439,492,000	377,400,000	378,556,000	370,643,000	381,711,000	350,060,000	364,197,000	354,344,000	337,481,000	321,107,000	318,595,000	283,455,000	279,585,000		260,112,000	255,035,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	14,206,000	12,924,000	8,057,000	17,101,000	16,649,000	6,226,000	20,103,000	16,682,000	6,353,000	11,290,000	20,541,000	8,438,000	12,565,000	18,195,000	13,562,000	21,465,000	18,628,000	15,281,000	25,604,000	22,931,000	24,426,000	24,028,000	20,443,000	18,426,000	27,770,000	17,475,000	15,435,000	14,586,000	11,559,000	16,487,000	12,926,000	14,411,000	12,175,000	17,370,000	12,535,000	13,500,000	14,237,000	14,414,000	8,824,000	11,196,000	11,978,000	12,675,000	7,617,000	8,330,000	6,408,000	4,752,000	8,060,000	6,827,000	4,799,000	3,745,000	2,347,000	2,911,000	2,233,000	3,330,000	4,548,000	7,405,000	6,069,000	10,899,000	6,001,000	5,953,000	7,228,000	6,286,000	5,445,000	5,483,000	2,815,000	4,791,000		1,844,000	2,792,000
accrued expenses	79,464,000	44,847,000	51,857,000	51,430,000	49,875,000	31,544,000	41,236,000	44,875,000	80,642,000	39,941,000	43,624,000	53,110,000	45,432,000	50,355,000	61,012,000	63,120,000	63,401,000	63,890,000	46,583,000	64,093,000	59,765,000	59,261,000	43,447,000	44,228,000	36,985,000	48,001,000	41,520,000	50,372,000	40,947,000	45,506,000	39,829,000	44,882,000	48,278,000	45,508,000	39,681,000	38,237,000	38,545,000	36,751,000	36,370,000	46,115,000	46,062,000	42,768,000	39,049,000	40,326,000	35,136,000	42,958,000	35,039,000	31,609,000	23,461,000	28,419,000	20,741,000	20,295,000	15,267,000	15,534,000	17,311,000	21,597,000	20,565,000	18,336,000	19,959,000	23,750,000	25,797,000	24,742,000	26,417,000	23,338,000	11,452,000	6,748,000		7,783,000	11,784,000
accrued compensation and related expenses	67,222,000	148,797,000	111,650,000	91,769,000	55,919,000	138,042,000	98,033,000	81,110,000	55,438,000	126,640,000	93,511,000	70,965,000	56,574,000	127,728,000	85,999,000	73,945,000	54,804,000	120,946,000	86,018,000	84,900,000	59,490,000	123,012,000	90,836,000	78,834,000	59,928,000	104,126,000	88,349,000	62,880,000	56,349,000	84,671,000	71,318,000	48,691,000	44,093,000	66,040,000	53,869,000	44,287,000	39,958,000	60,660,000	52,070,000	41,207,000	32,472,000	55,872,000	43,386,000	37,249,000	30,642,000	47,250,000	40,462,000	42,397,000	25,682,000	44,399,000	31,925,000	28,352,000	18,848,000	40,715,000	26,779,000	26,240,000	18,340,000	39,170,000	23,243,000	25,742,000	18,299,000	27,125,000	23,746,000	18,839,000	12,253,000	23,280,000		14,008,000	11,258,000
deferred revenue	557,449,000	509,275,000	404,757,000	418,931,000	469,298,000	423,910,000	345,574,000	352,618,000	382,765,000	377,845,000	297,067,000	311,330,000	342,591,000	325,212,000	245,146,000	269,121,000	290,873,000	275,844,000	229,103,000	242,194,000	244,170,000	232,865,000	181,680,000	195,996,000	197,018,000	190,080,000	159,849,000	169,009,000	180,845,000	185,145,000	158,178,000	163,525,000	175,586,000	195,073,000	160,931,000	169,926,000	186,824,000	175,647,000	140,458,000	144,522,000	158,181,000	155,873,000	134,075,000	143,001,000	170,476,000	134,672,000	128,259,000	120,501,000	134,077,000	110,882,000	91,758,000	98,702,000	104,608,000	95,546,000	74,784,000	79,358,000	80,568,000	73,840,000	67,316,000	76,028,000	75,884,000	56,903,000	48,773,000	53,761,000	42,129,000	32,870,000		36,114,000	44,260,000
other current liabilities	25,061,000	21,935,000	21,131,000	20,387,000	17,395,000	18,866,000	18,372,000	20,677,000	19,096,000	21,343,000	18,038,000	17,269,000	17,802,000	17,450,000	8,253,000	7,800,000	7,309,000	9,443,000	13,118,000	16,126,000	16,599,000	20,969,000	19,916,000	18,613,000	17,790,000	18,273,000	15,742,000	14,576,000	12,447,000
total current liabilities	743,402,000	737,778,000	597,452,000	599,618,000	609,136,000	1,086,058,000	1,024,543,000	1,016,566,000	1,044,279,000	577,059,000	472,781,000	461,112,000	474,964,000	538,940,000	413,972,000	435,451,000	435,015,000	485,404,000	400,426,000	430,244,000	404,450,000	460,135,000	356,322,000	356,097,000	339,491,000	377,955,000	320,895,000	311,423,000	302,147,000	331,809,000	282,251,000	271,509,000	280,132,000	323,991,000	267,016,000	265,950,000	279,564,000	287,472,000	237,722,000	243,040,000	248,693,000	267,188,000	224,127,000	228,906,000	242,662,000	229,632,000	211,820,000	201,334,000	188,019,000	187,445,000	146,771,000	150,260,000	140,956,000	155,125,000	123,422,000	134,600,000	125,542,000	142,245,000	116,519,000	131,473,000	127,208,000	115,056,000	104,381,000	101,421,000	68,649,000	67,689,000		59,749,000	70,094,000
long-term operating lease liabilities	57,075,000	60,825,000	62,402,000	65,191,000	65,117,000	67,647,000	66,750,000	70,202,000	63,645,000	66,901,000
other long-term liabilities	44,606,000	45,860,000	36,102,000	35,066,000	36,428,000	29,088,000	14,916,000	14,362,000	13,618,000	13,570,000	14,485,000	14,904,000	14,644,000	15,128,000	11,936,000	12,821,000	14,658,000	13,499,000	18,482,000	18,703,000	20,239,000	24,699,000	25,345,000	21,426,000	15,264,000	15,237,000	10,393,000	10,697,000	12,339,000	22,274,000	23,371,000	24,151,000	23,768,000	15,229,000	15,449,000	15,518,000	15,733,000	16,043,000	16,372,000	16,411,000	15,879,000	16,288,000	16,348,000	16,751,000	17,000,000	17,709,000	17,473,000	17,693,000	18,024,000	18,841,000	17,466,000	17,164,000	16,482,000	15,618,000	14,394,000	10,813,000	7,013,000	5,796,000	3,674,000	2,625,000	2,873,000	3,221,000	5,192,000	7,462,000	1,776,000	1,849,000		1,982,000	2,086,000
total liabilities	845,083,000	844,463,000	695,956,000	699,875,000	710,681,000	1,182,793,000	1,106,209,000	1,101,130,000	1,121,542,000	1,156,898,000	1,054,893,000	1,047,042,000	1,127,345,000	1,226,829,000	1,101,497,000	1,124,603,000	1,131,812,000	1,177,443,000	1,095,765,000	1,080,102,000	1,049,578,000	1,062,090,000	958,005,000	940,003,000	907,782,000	445,802,000	388,192,000	383,330,000	368,130,000	361,022,000	341,788,000	333,868,000	343,832,000	350,528,000	293,369,000	294,337,000	309,562,000	318,767,000	269,575,000	278,561,000	283,678,000	304,899,000	278,894,000	286,790,000	302,986,000	293,096,000	270,889,000	265,031,000	256,870,000	261,874,000	195,939,000	201,667,000	187,174,000	203,013,000	164,352,000	166,944,000	155,754,000	172,955,000	138,295,000	157,528,000	152,373,000	141,811,000	115,707,000	115,661,000	75,355,000	74,366,000		67,602,000	77,982,000
commitments and contingencies
stockholders’ equity:
preferred stock, 1,000 shares authorized; none issued
common stock	1,688,000		1,705,000	1,711,000	856,000		858,000	854,000	850,000		835,000	832,000	829,000		822,000	819,000	818,000		817,000	815,000	812,000		807,000	804,000	801,000		793,000	791,000	789,000		788,000	787,000	785,000		778,000	776,000	771,000		763,000	763,000	764,000		765,000	766,000	766,000		764,000	763,000	763,000		380,000	380,000	380,000		379,000	379,000	379,000		377,000	375,000	373,000							363,000	357,000
additional paid-in capital	227,005,000	330,926,000	370,018,000	431,466,000	461,354,000	526,963,000	514,173,000	473,030,000	432,217,000	379,584,000	343,259,000	310,016,000	272,481,000	229,602,000	204,189,000	170,251,000	141,771,000	145,810,000	148,098,000	147,670,000	140,558,000	204,432,000	201,882,000	207,103,000	196,310,000	140,523,000	129,559,000	122,880,000	119,182,000	123,205,000	135,132,000	141,400,000	145,962,000	152,097,000	146,728,000	140,088,000	142,472,000	143,903,000	143,020,000	140,178,000	138,075,000	145,418,000	145,466,000	147,257,000	143,976,000	141,495,000	140,464,000	139,198,000	137,583,000	139,947,000	138,271,000	137,589,000	137,591,000	138,576,000	134,614,000	133,057,000	131,564,000	129,701,000	129,050,000	127,056,000	124,024,000	122,607,000				121,389,000		118,678,000	113,988,000
retained earnings	491,090,000	463,389,000	233,925,000	195,677,000	170,756,000	87,901,000											273,615,000	276,449,000	316,150,000	375,069,000	340,223,000	339,879,000	338,300,000	359,989,000	383,142,000	410,919,000	412,389,000	445,108,000	479,779,000	510,863,000	496,815,000	506,769,000	517,893,000	221,926,000	227,953,000	232,100,000	223,021,000	198,315,000	188,376,000	188,249,000	186,893,000	180,183,000	161,522,000	157,495,000	156,692,000	153,058,000	135,246,000	135,658,000	136,446,000	127,826,000	113,410,000	105,840,000	102,276,000	94,349,000	75,078,000	76,547,000	79,951,000	77,029,000	80,016,000	76,188,000	75,042,000	71,431,000				81,776,000		71,653,000	61,502,000
accumulated other comprehensive	-13,868,000		-8,818,000	-4,312,000	-21,697,000		-13,402,000	-24,266,000	-22,052,000		-25,088,000	-21,361,000	-21,527,000		-28,924,000	-22,151,000	-9,536,000		-5,433,000	-1,086,000	-2,668,000		-11,667,000	-11,614,000	-13,642,000		-13,909,000	-11,492,000
total stockholders’ equity	705,915,000	787,381,000	596,830,000	624,542,000	611,269,000	585,480,000	473,023,000	435,402,000	390,186,000	353,838,000	167,636,000	145,396,000	154,496,000	130,843,000	64,961,000	133,779,000	406,668,000	416,088,000	459,632,000	522,468,000	478,925,000	542,172,000	529,322,000	556,282,000	566,611,000	539,010,000	528,832,000	557,287,000	588,429,000	621,531,000	620,855,000	639,172,000	662,123,000	371,078,000	371,701,000	368,635,000	360,077,000	335,889,000	327,420,000	324,794,000	322,504,000	322,859,000	305,046,000	303,577,000	297,817,000	294,705,000	278,275,000	280,556,000	278,841,000	271,788,000	255,057,000	244,352,000	241,389,000	236,479,000	213,048,000	211,612,000	214,889,000	208,756,000	211,765,000	206,669,000	201,971,000	195,670,000	205,400,000	202,934,000	208,100,000	205,219,000		192,510,000	177,053,000
total liabilities and stockholders’ equity	1,550,998,000	1,631,844,000	1,292,786,000	1,324,417,000	1,321,950,000	1,768,273,000	1,579,232,000	1,536,532,000	1,511,728,000	1,510,736,000	1,222,529,000	1,192,438,000	1,281,841,000	1,357,672,000	1,166,458,000	1,258,382,000	1,538,480,000	1,593,531,000	1,555,397,000	1,602,570,000	1,528,503,000	1,604,262,000	1,487,327,000	1,496,285,000	1,474,393,000	984,812,000	917,024,000	940,617,000	956,559,000	982,553,000	962,643,000	973,040,000	1,005,955,000	721,606,000	665,070,000	662,972,000	669,639,000	654,656,000	596,995,000	603,355,000	606,182,000	627,758,000	583,940,000	590,367,000	600,803,000	587,801,000	549,164,000	545,587,000	535,711,000	533,662,000	450,996,000	446,019,000	428,563,000	439,492,000	377,400,000	378,556,000	370,643,000	381,711,000	350,060,000	364,197,000	354,344,000	337,481,000	321,107,000	318,595,000	283,455,000	279,585,000		260,112,000	255,035,000
convertible senior notes						467,470,000	501,225,000	500,604,000	499,985,000		498,753,000	498,140,000	561,655,000	593,609,000	592,884,000	592,161,000	591,440,000	590,722,000	589,769,000	589,092,000	588,418,000	518,203,000	513,794,000	509,423,000	505,108,000
preferred stock, 0.01 par value...
common stock, 0.01 par value...		1,703,000				861,000				838,000				824,000				817,000				809,000				796,000				785,000				781,000				766,000				765,000				764,000				382,000				379,000				377,000				372,000				368,000
net unrealized gain on available-for-sale securities, net of tax		127,000				230,000				669,000				517,000				686,000
foreign currency translation adjustments		-8,764,000				-30,475,000				-18,548,000				-23,587,000				-7,674,000				-2,994,000				-13,228,000				-13,073,000				-3,494,000				-6,926,000				-3,357,000				-547,000				3,556,000				3,087,000				1,592,000				1,296,000				1,147,000
long-term convertible senior notes										499,368,000
operating lease liabilities											68,874,000	72,886,000	76,082,000	79,152,000	82,705,000	84,170,000	90,699,000	87,818,000	87,088,000	42,063,000	36,471,000	59,053,000	62,544,000	53,057,000	47,919,000	52,610,000	56,904,000	54,292,000	45,325,000
accumulated deficit											-151,370,000	-144,091,000	-97,287,000
(accumulated deficit) retained earnings														-76,513,000	-111,126,000	-15,140,000
net unrealized gain on available-for-sale marketable securities, net of tax																						46,000
preferred stock,1,000 shares authorized; none issued
deferred income tax liabilities																												6,918,000	8,319,000	6,939,000	36,166,000	38,208,000	39,932,000
accumulated other comprehensive loss																													-11,321,000		-11,880,000	-9,784,000	-2,517,000		-3,758,000	-4,329,000	-6,187,000		-4,739,000	-4,396,000	-3,228,000		-2,707,000	-1,941,000	-3,617,000
accumulated other comprehensive loss:
net unrealized loss on available-for-sale marketable securities, net of tax																														-249,000				-232,000				-169,000				-150,000
preferred stock, 1,000 shares authorized; no shares issued and outstanding
trade accounts receivable, net of allowance of 7,655 and 4,126																																		248,331,000
income taxes receivable																																		25,662,000	34,864,000	22,081,000	10,827,000	14,155,000	13,639,000	13,468,000	4,898,000	4,770,000	14,688,000	8,429,000	5,623,000	4,502,000	11,949,000	11,690,000	4,795,000	4,708,000	4,199,000	7,726,000	4,774,000	6,261,000	10,776,000	10,035,000	8,270,000	7,545,000	21,272,000	12,969,000	9,840,000	9,266,000				5,046,000
property and equipment																																		40,359,000	39,849,000	38,881,000	39,947,000	38,281,000	39,343,000	37,736,000	35,940,000	31,319,000	31,830,000	33,855,000	31,135,000	30,156,000	28,881,000	27,223,000	27,838,000	28,957,000	28,977,000	29,262,000	29,747,000	30,827,000	31,285,000	28,175,000	18,852,000	14,458,000	11,601,000	11,845,000	10,879,000	11,010,000	10,769,000	11,265,000	10,013,000	8,931,000		6,318,000	6,234,000
deferred income taxes																																		57,127,000	73,459,000	71,096,000	69,846,000	69,898,000	12,409,000	12,375,000	12,414,000	12,380,000	12,903,000	12,948,000	12,950,000	12,974,000	12,328,000	12,052,000	11,132,000	11,106,000	10,152,000	10,152,000	10,252,000	10,202,000	9,823,000	9,827,000	9,829,000	9,826,000	4,820,000	4,811,000	4,810,000	5,466,000	6,516,000	4,514,000	2,481,000	2,523,000		4,335,000	4,354,000
intangible assets																																		31,899,000	34,755,000	37,844,000	40,998,000	44,191,000	47,462,000	51,080,000	30,431,000	33,418,000	36,412,000	39,419,000	42,487,000	45,664,000	47,880,000	50,060,000	52,818,000	56,574,000	49,910,000	52,682,000	55,455,000	58,232,000	61,009,000	63,787,000	66,564,000	69,369,000	72,177,000	74,985,000	77,814,000	80,684,000	83,554,000	88,728,000	301,000	336,000		408,000	443,000
income taxes payable																																		4,717,000	4,774,000	4,438,000	4,307,000	4,263,000	5,253,000	5,784,000	5,648,000	5,618,000	24,562,000	24,919,000	24,825,000	24,896,000	20,951,000	21,469,000	21,431,000	21,392,000	13,748,000	13,860,000	13,707,000	13,551,000	9,113,000	9,633,000	9,590,000	9,547,000	2,380,000	6,023,000	5,919,000	5,783,000	6,134,000	6,778,000	4,930,000	4,828,000		5,871,000	5,802,000
long-term deferred revenue																																		6,591,000	6,130,000	8,431,000	9,958,000	10,989,000	10,228,000	13,326,000	13,458,000	15,805,000	13,857,000	16,214,000	18,499,000	20,859,000	20,645,000	24,535,000	29,396,000	34,196,000	17,954,000	20,383,000	16,029,000	18,719,000	17,423,000	11,898,000	13,609,000	15,367,000	15,722,000	17,407,000	16,373,000	17,751,000
trade accounts receivable, net of allowance of 6,189 and 4,126																																			191,161,000
long-term other assets																																			5,982,000	4,615,000	4,445,000	3,990,000	3,755,000	3,647,000	3,728,000	4,030,000	3,715,000	3,016,000	3,087,000	2,783,000	2,882,000	2,998,000	3,169,000	2,526,000	1,657,000	1,712,000	1,618,000	1,680,000	1,767,000	1,782,000	2,676,000	2,186,000	1,991,000	2,850,000	2,861,000	2,217,000
trade accounts receivable, net of allowance of 5,590 and 4,126																																				217,020,000
trade accounts receivable, net of allowance of 4,780 and 4,126																																					263,310,000
trade accounts receivable, net of allowance of 4,126 and 4,631																																						265,028,000
trade accounts receivable, net of allowance of 4,564 and 4,631																																							208,562,000
trade accounts receivable, net of allowance of 4,400 and 4,631																																								198,893,000
trade accounts receivable, net of allowance of 5,028 and 4,631																																									202,399,000
trade accounts receivable, net of allowance of 4,631 and 1,540																																										211,846,000
trade accounts receivable, net of allowance of 2,100 and 1,540																																											129,252,000
trade accounts receivable, net of allowance of 1,752 and 1,540																																												135,585,000
trade accounts receivable, net of allowance of 1,664 and 1,540																																													150,902,000
trade accounts receivable, net of allowance of 1,540 and 1,997																																														154,844,000
stockholders’ equity :
accumulated other comprehensive income:
net unrealized gain on available-for-sale marketable securities																																														-65,000				77,000				88,000				57,000				-36,000
trade accounts receivable, net of allowance of 1,589 and 1,997																																															103,439,000
accumulated other comprehensive income																																															1,801,000	4,937,000	4,049,000		2,996,000	543,000	1,142,000		2,977,000	1,629,000	2,995,000		2,322,000	3,050,000	2,532,000							1,816,000	1,206,000
trade accounts receivable, net of allowance of 1,865 and 1,997																																																114,642,000
trade accounts receivable, net of allowance of 1,762 and 1,997																																																	108,651,000
trade accounts receivable, net of allowance of 1,997 and 963																																																		165,594,000
trade accounts receivable, net of allowance of 772 and 963																																																			90,583,000
trade accounts receivable, net of allowance of 1,184 and 963																																																				94,527,000
trade accounts receivable, net of allowance of 1,134 and 963																																																					70,513,000
trade accounts receivable, net of allowance of 963 and 926																																																						134,066,000
trade accounts receivable, net of allowance of 1,274 and 926																																																							80,849,000
trade accounts receivable, net of allowance of 1,165 and 926																																																								92,542,000
trade accounts receivable, net of allowance of 1,256 and 926																																																									106,852,000
trade accounts receivable, net of allowance of 926 and 1,159																																																										98,293,000
trade accounts receivable, net of allowance of 1,153 and 1,159																																																											79,121,000
trade accounts receivable, net of allowance of 1,357 and 1,159																																																												96,499,000
trade accounts receivable, net of allowance of 1,570 and 1,159																																																													108,739,000
trade accounts receivable, net of allowance of 1,159 and 649																																																														77,638,000
short-term license installments																																																														2,258,000	2,447,000	2,638,000	2,727,000	2,829,000		3,061,000	5,508,000
long-term license installments, net of unearned interest income																																																														1,223,000				2,976,000
trade accounts receivable, net of allowance of 1,188 and 649																																																															75,952,000
income taxes receivable and other current assets																																																															17,010,000	16,000,000	9,792,000			8,297,000
long-term license installments																																																															1,383,000	2,394,000	2,685,000			4,609,000	5,027,000
other assets																																																															2,489,000
common shares, ...																																																															126,685,000	128,022,000	122,769,000
retained earnings and accumulated other comprehensive income of 1,473 and 1,686																																																															78,715,000
trade accounts receivable, net of allowance of 1,180 and 649																																																																65,910,000
long-term deferred income taxes and other assets																																																																2,129,000	8,667,000	8,710,000		8,504,000	8,365,000
retained earnings and accumulated other comprehensive income of (302) and 1,686																																																																74,912,000
trade accounts receivable, net of allowance of 924 and 649																																																																	42,333,000
retained earnings and accumulated other comprehensive income of 815 and 1,686																																																																	85,331,000
trade accounts receivable, net of allowance of 649 and 1,490																																																																		39,396,000
net unrealized gain on available for-sale marketable securities																																																																		539,000
trade accounts receivable, net of allowances of 847 and 1,490																																																																				32,377,000
total cash and cash equivalents and marketable securities																																																																					173,031,000
trade accounts receivable, net of allowances of 1,491																																																																					45,996,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31

operating activities
net income	32,764,000	234,574,000	43,364,000	30,077,000	85,422,000																							-32,296,000	-28,717,000	16,413,000	-7,587,000	-10,409,000	12,200,000	-3,681,000	-1,812,000	11,406,000	27,021,000	11,916,000	2,418,000	3,647,000	9,005,000	20,958,000	6,325,000	3,104,000	5,935,000	20,104,000	1,882,000	1,504,000	9,765,000	15,561,000	8,710,000	4,703,000	9,069,000	20,409,000	-331,000	-2,267,000	4,057,000	-1,855,000	4,959,000	2,273,000	4,731,000	-4,693,000	3,139,000	-8,188,000	3,851,000	6,328,000	6,001,000	11,241,000	8,642,000
adjustments to reconcile net income to cash from operating activities
stock-based compensation	45,815,000	34,043,000	43,041,000	36,730,000	41,425,000	34,500,000	37,213,000	36,224,000	34,781,000	33,269,000	31,299,000	36,227,000	42,557,000	28,909,000	33,774,000	31,300,000	28,227,000	26,464,000	28,695,000	30,688,000	30,100,000	26,313,000	27,924,000	25,656,000	23,175,000		21,845,000	20,047,000	18,350,000
amortization of deferred commissions	16,101,000	18,079,000	16,916,000	15,074,000	18,504,000	15,126,000	14,867,000	14,994,000	17,282,000	15,487,000	14,947,000	14,750,000	14,277,000	13,719,000	11,597,000	10,934,000	17,221,000	9,999,000	10,186,000	9,706,000	11,496,000	8,380,000	8,861,000
amortization of intangible assets and depreciation	2,933,000	4,285,000	3,095,000	3,182,000	3,137,000	4,296,000	4,477,000	4,558,000	4,254,000	4,565,000	4,628,000	4,829,000	4,724,000	6,399,000	4,206,000	4,004,000	4,171,000	4,563,000	8,526,000	8,498,000	7,006,000	5,671,000	5,543,000	5,215,000	4,919,000					6,603,000
amortization of right-of-use lease assets	3,430,000	3,225,000	3,185,000	2,977,000	2,826,000
foreign currency transaction loss	-1,850,000	2,711,000	-7,154,000	14,008,000	5,325,000	-6,318,000	4,405,000				-1,994,000	3,290,000	2,675,000	3,855,000	-3,826,000	-1,713,000	-2,876,000	1,476,000	-518,000	403,000	5,098,000	-1,159,000	-4,236,000	-4,256,000	5,947,000	-1,242,000	1,970,000	-2,105,000	3,712,000					107,000	552,000			517,000	-1,082,000	-306,000	-1,376,000	-174,000	412,000	968,000	2,962,000	1,242,000	2,845,000					2,108,000	219,000	101,000	325,000	65,000	395,000	353,000				978,000	-236,000
loss on capped call transactions		0	0	0	223,000	-4,000				899,000	2,294,000	1,361,000	-3,206,000	1,001,000	6,876,000	18,945,000	30,560,000	16,090,000			19,117,000				18,592,000
deferred income taxes	318,000	-171,048,000	-47,000	103,000	179,000	-1,477,000	-299,000	878,000	-646,000	551,000	-52,000	-10,000	-126,000	-599,000	384,000	178,400,000	-9,295,000	-21,698,000	-25,406,000	-13,164,000	-15,068,000	-16,301,000	-25,077,000	-9,168,000	-9,231,000	-8,786,000								16,402,000	-2,142,000	-1,192,000	727,000	-2,969,000	-1,651,000	-1,840,000	650,000	790,000	-1,364,000	-1,522,000	-3,000	-12,051,000	-946,000	-943,000	44,000	-6,471,000	-264,000	-329,000	56,000	-5,653,000	-206,000	-519,000	214,000	-16,361,000	1,175,000	-225,000	142,000	514,000	-1,767,000	-444,000	123,000	2,314,000			-625,000
(accretion) of investments	-321,000	-314,000	-464,000	-584,000	-1,526,000
loss on investments	2,188,000
other non-cash	67,000	173,000	459,000	0	1,067,000	12,292,000	-3,508,000	-3,170,000	-1,886,000	18,742,000	-6,324,000	-4,434,000	-5,729,000		1,774,000	-2,379,000	-1,100,000		-3,552,000	-4,313,000	-556,000	495,000	0	0	-1,374,000	-158,000	-133,000	-1,701,000	1,471,000	401,000	-1,923,000	-2,766,000	2,610,000	-1,294,000	319,000	-29,000	-379,000	-1,535,000	-4,423,000	1,864,000	2,712,000
change in operating assets and liabilities	110,806,000		-46,137,000	3,430,000	48,397,000		-18,904,000	-27,212,000	136,678,000		-17,183,000	32,844,000	29,115,000		26,690,000	22,707,000	-55,332,000		-2,534,000	-46,684,000	-30,618,000		11,381,000	3,991,000	-49,047,000		9,171,000	-13,942,000	9,113,000		-21,460,000	10,567,000	19,591,000
cash from operating activities	212,251,000	158,431,000	56,300,000	86,268,000	204,228,000	95,229,000	30,454,000	40,097,000	180,146,000	79,865,000	24,168,000	45,645,000	68,107,000	35,782,000	-8,377,000	-20,185,000	15,116,000	44,439,000	-24,731,000	-2,240,000	21,650,000	25,694,000	-5,058,000	-2,876,000	-18,323,000	-28,703,000	-21,182,000	-14,983,000	22,703,000	37,268,000	-8,344,000	19,777,000	55,655,000	44,309,000	28,157,000	53,325,000	32,444,000	22,478,000	8,097,000	657,000	8,642,000	7,600,000	15,529,000	11,878,000	27,521,000	1,622,000	24,332,000	1,077,000	72,858,000	-2,732,000	19,155,000	-1,766,000	66,046,000	14,495,000	16,557,000	30,301,000	-17,774,000	20,168,000	2,427,000	25,335,000	-8,115,000	27,920,000	-3,188,000	-11,142,000	4,824,000	10,742,000	9,407,000	15,581,000	13,851,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows	212,251,000	158,431,000	56,300,000	86,268,000	204,228,000	95,229,000	30,454,000	40,097,000	180,146,000	79,865,000	24,168,000	45,645,000	68,107,000	35,782,000	-8,377,000	-20,185,000	15,116,000	44,439,000	-24,731,000	-2,240,000	21,650,000	25,694,000	-5,058,000	-2,876,000	-18,323,000	-28,703,000	-21,182,000	-14,983,000	22,703,000	37,268,000	-8,344,000	19,777,000	55,655,000	44,309,000	28,157,000	53,325,000	32,444,000	22,478,000	8,097,000	657,000	8,642,000	7,600,000	15,529,000	11,878,000	27,521,000	1,622,000	24,332,000	1,077,000	72,858,000	-2,732,000	19,155,000	-1,766,000	66,046,000	14,495,000	16,557,000	30,301,000	-17,774,000	20,168,000	2,427,000	25,335,000	-8,115,000	27,920,000	-3,188,000	-11,142,000	4,824,000	10,742,000	9,407,000	15,581,000	13,851,000
investing activities
purchases of investments	-18,079,000	-109,686,000	-80,253,000	-89,385,000	-69,318,000	-142,055,000	-125,500,000	-130,372,000	-161,438,000	-96,821,000	-120,804,000	-30,261,000	-39,401,000	-1,959,000	-567,000	-4,799,000	-33,690,000	-11,951,000	-15,569,000	-30,550,000	-21,051,000	-136,230,000	-188,550,000	-279,000	-1,490,000	-242,000	-685,000	-3,273,000	-7,224,000	-1,317,000	-16,782,000	-16,191,000	-35,204,000
proceeds from maturities and called investments	26,565,000	16,515,000	17,270,000	20,570,000	324,596,000	158,269,000	122,265,000	54,324,000	29,643,000	72,757,000	80,987,000	52,374,000	36,475,000	12,631,000	19,040,000	13,997,000	20,915,000	9,118,000	28,061,000	27,931,000	40,867,000					568,000	-479,000	4,997,000	8,548,000	7,535,000	14,910,000	5,551,000	5,995,000
sales of investments		81,539,000	69,355,000	22,050,000	8,497,000					0	0			5,393,000	3,576,000	1,489,000	13,350,000	35,973,000	22,673,000	0	2,450,000	0	0	0	1,424,000	20,469,000	38,972,000
investment in property and equipment	-5,726,000	-6,019,000	-4,470,000	-2,135,000	-1,880,000	-2,791,000	-3,064,000	-1,253,000	-604,000	-2,510,000	-338,000	-2,446,000	-11,487,000	-13,094,000	-10,422,000	-5,206,000	-6,657,000	-3,367,000	-2,928,000	-2,377,000	-1,784,000	-3,563,000	-2,747,000	-6,563,000	-12,496,000	-4,169,000	-1,557,000							-4,635,000	-4,069,000	-2,622,000	-2,415,000	-3,835,000	-3,756,000	-7,246,000	-4,251,000	-1,070,000	-2,657,000	-4,018,000	-3,275,000	-5,654,000	-2,945,000	-1,636,000	-1,228,000	-1,440,000	-2,186,000	-777,000	-1,195,000	-1,735,000	-6,926,000	-10,682,000	-4,267,000	-4,727,000	-1,545,000	-2,473,000	-1,090,000	-1,673,000	-578,000	-1,571,000	-1,926,000	-2,319,000			-1,160,000
cash from investing activities	2,760,000	-17,651,000	1,902,000	-48,900,000	261,895,000	13,423,000	-6,299,000	-77,301,000	-132,399,000	-26,574,000	-40,155,000	30,392,000	-14,413,000	2,971,000	11,627,000	4,559,000	-6,082,000	29,773,000	32,237,000	-4,996,000	15,489,000	-110,982,000	-191,297,000	-6,842,000	-12,562,000	16,626,000	36,238,000	18,676,000	-1,466,000	1,399,000	-3,226,000	-15,091,000	-31,278,000	-2,793,000	-10,807,000	2,568,000	-3,727,000	-4,313,000	5,071,000	-17,300,000	9,370,000	-1,716,000	-24,524,000	-12,831,000	-5,381,000	-15,172,000	-4,477,000	-15,378,000	-2,630,000	-24,323,000	-13,552,000	-12,898,000	-13,224,000	-2,492,000	-4,244,000	-4,536,000	-7,966,000	-9,377,000	-15,872,000	-14,761,000	-5,378,000	-1,884,000	-5,903,000	-119,843,000	134,471,000	-513,000			-5,778,000
financing activities
repurchases of convertible senior notes		0	0	0	-467,864,000					0	0	-59,088,000	-29,901,000
dividend payments to stockholders	-5,110,000	-5,116,000	-5,156,000	-2,567,000	-2,583,000	-2,573,000	-2,561,000	-2,550,000	-2,515,000	-2,506,000	-2,496,000	-2,488,000	-2,474,000	-2,466,000	-2,460,000	-2,454,000	-2,454,000	-2,451,000	-2,445,000	-2,438,000	-2,427,000
proceeds from employee stock plans	20,307,000		44,125,000	71,018,000	13,969,000		18,883,000	7,509,000	22,419,000
common stock repurchases for tax withholdings for net settlement of equity awards	-2,106,000	-4,897,000	-6,044,000	-4,296,000	-2,304,000	-2,448,000	-627,000	-355,000	-2,005,000																									-6,504,000	-6,852,000			-5,392,000	-2,578,000	-2,531,000	-5,682,000	-2,627,000	-2,717,000	-1,848,000	-2,584,000	-1,189,000	-1,537,000	-1,597,000	-1,805,000	-3,222,000	-1,343,000	-1,169,000	-1,611,000	-741,000	-799,000	-779,000	-2,072,000	-774,000	-1,919,000	-2,052,000	-1,517,000	-2,491,000	-281,000	-802,000	-3,410,000
common stock repurchases under stock repurchase program	-167,254,000	-105,000,000	-143,000,000	-134,485,000	-117,204,000	-56,808,000
cash from financing activities	-154,163,000	-78,239,000	-110,075,000	-70,330,000	-575,986,000	-57,163,000	4,446,000	4,604,000	17,899,000	3,068,000	1,957,000	-57,616,000	-29,372,000	-3,505,000	-2,293,000	-5,273,000	-35,918,000	-30,412,000	-30,714,000	-25,923,000	-34,794,000	-26,182,000	-35,663,000	-16,881,000	502,174,000	-12,317,000	-17,574,000	-18,780,000	-25,587,000	-29,796,000	-25,839,000	-22,773,000	-23,052,000	-10,189,000	-9,180,000	-18,866,000	-15,994,000	-11,845,000	-10,475,000	-10,972,000	-18,424,000	-9,722,000	-12,428,000	-6,897,000	-6,337,000	-6,629,000	-6,116,000	-4,700,000	-6,587,000	-2,625,000	-3,264,000	-4,551,000	-4,127,000	-1,041,000	-2,333,000	-2,614,000	-2,103,000	-2,791,000	-1,348,000	61,000	-2,234,000	-6,332,000	-3,888,000	-1,431,000	-1,600,000	-2,978,000			-6,137,000
effect of exchange rate changes on cash, cash equivalents, and restricted cash	-2,898,000	17,000	-436,000	3,837,000	3,570,000	-9,025,000	7,433,000	-39,000	-2,803,000	4,322,000	-2,631,000	228,000	782,000
net increase in cash, cash equivalents, and restricted cash	57,950,000		-52,309,000	-29,125,000	-106,293,000		36,034,000	-32,639,000	62,843,000		-16,661,000	18,649,000	25,104,000
cash, cash equivalents, and restricted cash, beginning of period	216,360,000	0	0	0	341,529,000	0	0	0	232,827,000	0	0	0	145,054,000
cash, cash equivalents, and restricted cash, end of period	274,310,000	62,558,000	-52,309,000	-29,125,000	235,236,000	42,464,000	36,034,000	-32,639,000	295,670,000	60,681,000	-16,661,000	18,649,000	170,158,000
cash and cash equivalents	269,962,000	63,748,000	-52,866,000	-29,564,000	231,129,000	49,454,000	29,392,000	-33,648,000	291,905,000		-17,851,000	18,556,000	168,318,000
restricted cash included in other current assets	2,448,000				49,000	-86,000	-584,000	-7,000	775,000
restricted cash included in other long-term assets	1,900,000	-2,767,000	557,000	488,000	4,058,000	-6,904,000	7,226,000	1,016,000	2,990,000		1,190,000	93,000	1,840,000
total cash, cash equivalents, and restricted cash	274,310,000		-52,309,000	-29,125,000	235,236,000		36,034,000	-32,639,000	295,670,000		-16,661,000
supplemental disclosures
non-cash investing and financing activity:
investment in property and equipment included in accounts payable and accrued liabilities	2,279,000
dividends payable	5,063,000																																																																	4,000	11,000	15,000	1,075,000
u.s. excise tax payable on net stock repurchase	698,000
(gain) on investments		-1,035,000	42,000	-18,729,000	-751,000	759,000	0	0	-1,628,000
(gain) on repurchases of convertible senior notes
change in operating assets and liabilities:
accounts receivable, unbilled receivables, and contract assets
other current assets																																																											1,853,000	5,075,000	175,000				-1,002,000				196,000
other current liabilities
deferred revenue																																		34,002,000	-13,749,000	-21,302,000	9,412,000	38,969,000	-6,476,000	-12,351,000	1,129,000	24,593,000	-9,303,000	-31,541,000	33,919,000	6,886,000	4,501,000	-18,551,000	18,337,000	30,198,000	-9,002,000	-1,645,000	6,811,000	22,040,000	710,000	-2,659,000	4,696,000	6,345,000	-10,145,000	1,172,000	17,223,000	24,208,000	-6,306,000	-3,234,000	9,259,000	5,052,000	-8,296,000	-8,146,000	12,029,000
deferred commissions
other long-term assets and liabilities																																		-805,000	0	195,000	-65,000	-1,328,000	166,000	965,000	450,000	-825,000	-1,048,000	51,000	-201,000	4,596,000	-538,000	-459,000	-691,000	6,984,000	-110,000	159,000	211,000	4,570,000	337,000	4,081,000	813,000	11,928,000	-3,430,000	-89,000	-411,000	777,000	5,773,000	-5,847,000	46,000	-549,000	-595,000	40,000	110,000
proceeds from employee stock purchase plan										1,617,000	2,003,000	1,981,000	2,143,000	2,006,000	2,363,000	2,357,000	2,446,000	2,768,000	2,640,000	2,858,000	2,288,000
proceeds from stock option exercises										4,219,000	2,682,000	2,141,000	1,779,000
other										0																			-2,790,000		-1,354,000	-4,451,000	-2,069,000																							371,000	382,000	-470,000	114,000	14,000	400,000
net increase in cash, cash equivalents and restricted cash
total cash, cash equivalents and restricted cash													170,158,000
amortization of investments																		805,000	928,000	969,000	1,019,000	821,000																																							87,000					947,000	1,045,000	975,000	943,000
payments for acquisitions, net of cash acquired														0	0			0	0	0	-4,993,000					0	-13,000							0	-7,000	0	-290,000	0	0	-48,858,000	-255,000					-1,318,000
net							-14,390,000	6,613,000	-12,124,000		-7,279,000	-46,804,000	-20,774,000	34,613,000			-379,000	-37,246,000			-6,617,000		-19,267,000	-20,740,000	-25,372,000
adjustments to reconcile net (loss) to cash from operating activities
lease expense							5,904,000	4,372,000	3,472,000	3,894,000	3,832,000	3,592,000	4,594,000	4,440,000	3,668,000	3,913,000	3,919,000					4,251,000	4,178,000	3,967,000	3,852,000
(gain) on capped call transactions								3,277,000	-3,299,000														-18,989,000
foreign currency transaction									3,262,000
foreign currency transaction gain																																					-676,000													-73,000
interest paid on convertible notes
income taxes paid																																																																		1,013,000
common stock repurchases											-232,000	-315,000	-1,107,000		-2,196,000	-5,176,000	-35,910,000		-30,909,000	-26,343,000	-34,655,000		-33,250,000	-14,476,000	-29,011,000		-15,199,000	-16,413,000	-23,224,000		-23,474,000	-20,415,000	-20,708,000
proceeds from settlement of capped calls transactions												153,000	188,000
proceeds from issuance of convertible senior notes																						0	0	0	600,000,000
purchase of capped calls related to convertible senior notes																						0	0	0	-51,900,000
payment of debt issuance costs																						0	0	0	-14,527,000
effect of exchange rate changes on cash and cash equivalents														2,180,000	-2,606,000	-2,597,000	-310,000	-246,000	-259,000	329,000	-1,536,000	2,151,000	1,125,000	568,000	-1,510,000	653,000	-878,000	220,000	295,000																														-587,000
net increase in cash and cash equivalents																	-27,194,000	43,554,000	-23,467,000	-32,830,000	809,000	-109,319,000	-230,893,000	-26,031,000	469,779,000				-4,055,000	8,227,000	-38,096,000	-21,499,000	3,511,000	31,711,000	8,942,000	37,788,000	13,244,000			-27,919,000	-846,000	-4,252,000	-23,586,000	-6,616,000	12,895,000	-21,960,000	9,434,000	-17,219,000	64,099,000	-28,596,000	4,982,000	-19,886,000	46,206,000	11,288,000							-14,775,000	18,350,000	-10,256,000	-138,032,000	137,208,000	7,438,000	6,623,000	11,997,000	1,712,000
cash and cash equivalents, beginning of period														0	0	0	159,965,000	0	0	0	171,899,000	0	0	0	68,363,000	0	0	0	114,422,000	0	0	0	162,279,000	0	0	0	70,594,000		0	0	93,026,000		0	0	114,585,000		0	0	80,231,000		0	0	77,525,000		0	0	60,353,000		0	0	71,127,000		0	0	63,857,000		0	0	36,087,000
cash and cash equivalents, end of period														37,428,000	-1,649,000	-23,496,000	132,771,000	43,554,000	-23,467,000	-32,830,000	172,708,000	-109,319,000	-230,893,000	-26,031,000	538,142,000	-23,741,000	-3,396,000	-14,867,000	110,367,000	8,227,000	-38,096,000	-21,499,000	165,790,000	31,711,000	8,942,000	37,788,000	83,838,000		2,122,000	-27,919,000	92,180,000		-23,586,000	-6,616,000	127,480,000		9,434,000	-17,219,000	144,330,000		4,982,000	-19,886,000	123,731,000		11,410,000	21,354,000	33,473,000		-15,380,000	10,631,000	56,352,000		-10,256,000	-138,032,000	201,065,000		6,623,000	11,997,000	37,799,000
net (decrease) in cash and cash equivalents															-1,649,000												-3,396,000
amortization of debt discount and issuance costs																		952,000	677,000	675,000	673,000	4,408,000	4,372,000	4,314,000	1,719,000
proceeds from revolving credit facility
payments on revolving credit facility
income taxes (refunded) paid
accounts payable, accrued compensation, and accrued expenses
dividend payments to shareholders																							-2,413,000	-2,405,000	-2,388,000	-2,381,000	-2,375,000	-2,367,000	-2,363,000	-2,365,000	-2,365,000	-2,358,000	-2,344,000	-2,336,000	-2,328,000	-2,315,000	-2,298,000	-2,291,000	-2,291,000	-2,295,000	-2,297,000	-2,298,000	-2,302,000	-2,300,000	-2,294,000	-2,293,000	-2,291,000	-1,145,000	-1,145,000	-1,140,000	-1,139,000			-2,276,000	-1,132,000	-1,140,000	-1,132,000	-1,130,000	-1,127,000	-1,120,000	-1,118,000			-1,111,000	-1,105,000	-1,101,000			-1,080,000
amortization of deferred contract costs																									8,497,000
stock-based compensation expense																														16,289,000	16,408,000	16,056,000	15,109,000	13,384,000	13,489,000	13,932,000	12,508,000	10,187,000	10,818,000	10,881,000	8,935,000	7,049,000	8,091,000	8,645,000	6,269,000	5,484,000	5,268,000	5,158,000	3,295,000	3,156,000	3,000,000	3,281,000	3,432,000	2,884,000	2,784,000	2,986,000	2,852,000	2,306,000	2,322,000	1,865,000	2,535,000	1,532,000	1,581,000	2,186,000	1,446,000	1,150,000	965,000	860,000	1,698,000
accounts receivable, unbilled revenue, and contract assets
income taxes receivable and other current assets																																		12,550,000	-11,649,000	-9,912,000	-4,382,000	-2,081,000	7,328,000	-15,864,000	-201,000	11,893,000	-3,817,000	-450,000	-4,403,000	6,615,000	-3,000	-5,465,000	1,629,000	4,477,000	3,630,000	-2,635,000	1,604,000	8,055,000	-529,000	-786,000	-156,000					805,000	-2,417,000			-3,743,000
deferred contract costs
amortization and depreciation																											16,834,000	15,014,000	18,774,000
operating activities:
adjustments to reconcile net income to cash from operating activities:
investing activities:
financing activities:
adjustment to reconcile net income to cash from operating activities:
effect of exchange rate on cash and cash equivalents																																														-1,781,000	-4,305,000	1,782,000	458,000	1,084,000	2,643,000	-671,000	-2,489,000	326,000	1,430,000	-1,797,000	963,000				952,000	-1,354,000	2,723,000	-5,616,000	-487,000	187,000	295,000	1,143,000	-224,000
supplemental disclosures:
effect of exchange rates on cash and cash equivalents																															-687,000	-3,412,000	2,186,000	384,000	772,000	761,000	521,000		-571,000	-304,000	-434,000		-2,163,000	1,234,000	-2,908,000
depreciation and amortization of intangible assets																																6,329,000	6,145,000
depreciation and amortization																																		6,010,000	6,347,000	6,268,000	6,088,000	6,241,000	6,221,000	6,209,000	5,466,000	5,523,000	6,312,000	5,634,000	5,624,000	6,185,000	5,755,000	5,566,000	5,846,000	5,862,000	4,754,000	4,692,000	4,727,000	4,580,000	5,351,000	4,110,000	4,525,000	4,425,000	4,420,000	4,217,000	4,011,000
trade accounts receivable																																		-56,766,000	27,614,000	49,583,000	3,383,000	-60,670,000	-6,913,000	4,156,000	6,697,000	-84,204,000	5,324,000	16,944,000	-299,000	-52,840,000	7,894,000	-6,136,000	57,291,000	-70,927,000	5,275,000	-25,864,000	63,200,000	-53,174,000	11,974,000	13,925,000	-8,130,000	-20,768,000	18,054,000	12,622,000	-28,412,000	-1,883,000	-9,523,000	-9,592,000	-2,937,000	-11,688,000	4,669,000	13,619,000	-3,195,000
accounts payable and accrued expenses																																		23,019,000	9,188,000	3,459,000	-21,193,000	18,209,000	2,581,000	4,168,000	-23,427,000	20,680,000	6,399,000	11,114,000	-21,621,000	14,804,000	-1,542,000	21,681,000	-21,587,000	11,556,000	4,289,000	13,748,000	-23,799,000	13,381,000	-6,773,000	11,597,000	-25,800,000	18,024,000	-6,222,000	4,250,000	-7,011,000	-456,000	2,001,000	6,962,000	-3,992,000	10,573,000			-4,691,000
common stock repurchases under share repurchase program
income taxes (refunded)/paid
purchases of marketable securities																																			-9,031,000	-13,334,000	-3,322,000	-1,355,000	-1,672,000	-12,749,000	-8,193,000	-8,756,000	-35,442,000	-13,384,000	-18,120,000																	-6,391,000	-6,072,000
proceeds from maturities and called marketable securities																																			2,300,000	18,524,000	2,300,000	950,000	699,000	5,249,000	15,890,000	8,110,000	12,796,000	4,571,000	16,549,000
sales of marketable securities																																						-73,000	9,800,000	46,304,000	6,179,000
common stock repurchases under share repurchase programs																																			0			-1,498,000	-6,525,000	-7,338,000	-11,887,000	-5,825,000	-9,925,000	-4,648,000	-2,427,000	-3,152,000	-3,807,000	-3,829,000	-4,630,000	-3,268,000	-1,903,000	-3,763,000	-3,512,000	-1,269,000	-1,384,000	-1,712,000	-814,000	-1,375,000	-1,376,000	-1,052,000	-1,032,000				-1,621,000
issuance of common stock for share-based compensation plans																																					68,000	496,000	29,000	320,000	44,000	414,000	135,000	441,000	146,000	372,000	291,000	316,000	22,000	1,240,000	169,000	530,000	271,000	375,000	46,000	414,000	293,000	458,000	457,000	1,351,000	356,000			568,000	630,000	398,000	1,033,000	2,491,000	551,000
common stock repurchases for tax withholdings for net settlement of equity awards and under share repurchase programs																																					-13,764,000
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
excess tax benefits from exercise or vesting of equity awards																																							-890,000	-872,000	-1,398,000	-614,000	-2,381,000	-1,458,000	-822,000	367,000	-1,228,000	-1,555,000	-971,000	-3,765,000	-952,000	-993,000	-725,000	-2,870,000	-936,000	-603,000	-1,622,000	-30,000	-2,617,000	-2,934,000	-1,077,000	1,737,000	73,000	-1,623,000	-3,906,000
net decrease in cash and cash equivalents																																																								21,354,000	-26,880,000		-15,380,000
other non-cash items																																											579,000	389,000	161,000		444,000	273,000	222,000		486,000	1,009,000	1,241,000
sale of marketable securities																																																										-3,000,000	3,001,000				-16,000	1,870,000	160,372,000
payments for acquisitions																																											-1,136,000	0	-535,000
purchase of marketable securities																																															-6,685,000	-17,917,000	-11,630,000		-23,955,000	-16,911,000	-15,779,000		-1,576,000	-1,281,000	-10,479,000		-24,328,000	-16,335,000	-9,026,000				-49,005,000				-12,593,000
matured and called marketable securities																																															6,160,000	4,975,000	11,021,000		12,589,000	4,790,000	3,750,000		4,258,000	7,427,000	6,780,000		7,000,000	3,000,000	4,738,000		1,000,000	1,000,000	25,280,000	31,402,000	17,390,000	10,560,000	7,975,000
foreign currency transaction (gain) loss																																																	-322,000											311,000	66,000
payments for prior year acquisition																																																	-793,000
payment for 2013 acquisition, net of cash acquired
1.
municipal bonds																																																					35,961,000			-4,447,000	35,071,000
corporate bonds																																																					19,804,000			-72,000	15,358,000
certificates of deposit																																																					1,253,000
payments for 2010 acquisition, net of cash acquired																																																														0	-237,000
contingent consideration paid for a 2008 acquisition
marketable securities:
government sponsored enterprise bonds																																																								-2,000,000	4,000,000
marketable securities																																																								-6,519,000	54,429,000
income taxes receivable																																																											-8,303,000	-3,129,000	-574,000
contingent consideration paid for an acquisition in 2008																																																																	-250,000
commercial paper
realized gain on sale of investments
gain on sale of investments
loss on disposal of equipment
license installments																																																														348,000	1,203,000	380,000	393,000	467,000	1,398,000	2,865,000	323,000
proceeds from sales, maturities and called marketable securities
payments for 2008 acquisition																																																														0	0
proceeds from sale of stock under employee stock purchase plan
repurchases of common stock unsettled																																																																		102,000			594,000
contingent consideration payable
depreciation, amortization and other non-cash items																																																															3,286,000	2,842,000	885,000		762,000	650,000	609,000
amortization of investments and realized gain on sale of investments																																																															5,000	8,000	658,000
proceeds from issuance of common stock for share-based compensation plans
repurchase of common stock																																																															-2,768,000						-7,796,000
(gain) loss on sale of investments
payments for acquisition
payments under capital lease obligation
interest paid
revenue recognition
excess tax benefit from stock options																																																																			-24,477,000	12,256,000	-2,188,000
non-cash financing activity:
income taxes																																																																				2,110,000	1,494,000
adjustment to reconcile net income to provided by operating activities:

Pegasystems Inc(NASDAQ:PEGA)

Pegasystems Inc
(NASDAQ:PEGA)