Enterprise workflow software provider Pegasystems (NASDAQ: PEGA) reported its Q1 CY2024 results, falling short of analysts’ expectations. Revenue declined by 1.4% year on year to $330.1 million, while key metrics such as annual contract value (ACV) and remaining performance obligations (RPO) also missed estimates. Despite posting a non-GAAP profit of $0.48 per share, up from $0.23 per share in the same quarter last year, the underwhelming revenue and key metric performance have dampened the outlook for the company.