Latest news with #AWSTransform
Yahoo
30-07-2025
- Business
- Yahoo
Strong Cloud Subscription Aids PEGA's Prospects: What's More to Come?
Pegasystems PEGA expects strong traction in its cloud-subscription business to continue, which is increasingly driving overall cloud growth. Key initiatives to sustain this momentum include a 5-year strategic collaboration with Amazon's cloud arm, Amazon Web Services (AWS), as PEGA intends to capitalize on major market trends, including AI, legacy transformation and cloud second-quarter 2025, PEGA's cloud revenues surged 24% year over year to $166.7 million, driven by increasing adoption as clients continued migrating from legacy systems to its cloud-native solutions. The company's Cloud Annual Contract Value (ACV) increased 28% year over year to $761 million. This robust cloud momentum underscores the increasing impact of subscription revenues on PEGA's overall company's Gen-AI-powered Blueprint plays a pivotal role in client base expansion. Its latest integration of Amazon's AWS Transform product is expected to allow enterprises to modernize legacy systems without disruption, directly feeding demand for Pega Cloud. The availability of the PEGA software on AWS Marketplace will improve accessibility and streamline client onboarding. Each incremental dollar of ACV is expected to boost subscription billings, creating a scalable and predictable revenue stream for the company. The Zacks Consensus Estimate for PEGA's third-quarter 2025 cloud revenues is pegged at $180 million, indicating a 25% year-over-year Public Sector positioning has strengthened with its FedRAMP High certification, a United States government security standard for cloud services, aligning with the government's push toward cloud adoption and AI-driven digital transformation. With a 28% growth in current backlog expected to convert to revenue, Pegasystems' cloud subscriptions remain a key driver of top-line growth. PEGA Faces Intense Competition in Cloud Subscriptions Pegasystems faces stiff competition from players like Salesforce CRM and ServiceNow NOWSalesforce offers its cloud-native CRM platform with an expanded suite of generative-AI tools through its AI Cloud offering. The company recently introduced Marketing Cloud Next, a major evolution of its marketing solution that uses Autonomous AI agents to enable personalized customer engagements at scale. Salesforce's industry-focused solutions like Life Sciences Cloud and Agentforce strengthen its position in delivering AI-powered, data-driven engagement through the through its cloud-based platform, empowers enterprises to digitize workflows, serving more than 85% of Fortune 500 companies. NOW recently announced a partnership with the Ferrari Hypercar team as its official platform provider, deploying its AI-powered platform to streamline real-time race operations and IT workflows across its global divisions. With third-quarter 2025 subscription revenues projected between $3.260 billion and $3.265 billion, ServiceNow maintains a strong competitive edge in delivering enterprise workflow automation. PEGA's Share Price Performance, Valuation, and Estimates Pegasystems shares have appreciated 29.5% in the year-to-date period, outperforming the Zacks Computer and Technology sector's return of 11.2%. PEGA's YTD Price Performance Image Source: Zacks Investment Research PEGA stock is currently trading at a discount, with a forward 12-month Price/Sales of 5.98X compared to the industry's 8.99X. PEGA has a Value Score of F. PEGA Valuation Image Source: Zacks Investment Research The Zacks Consensus Estimate for PEGA's 2025 earnings is pegged at $1.98 per share, up 5.3% over the past 30 days, suggesting 31.13% year-over-year growth. Pegasystems Inc. Price and Consensus Pegasystems Inc. price-consensus-chart | Pegasystems Inc. Quote PEGA currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report ServiceNow, Inc. (NOW) : Free Stock Analysis Report Pegasystems Inc. (PEGA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Indian Express
15-07-2025
- Business
- Indian Express
AWS debuts Kiro, its new AI agent-driven IDE platform for ‘better' vibe-coding
Amazon Web Services (AWS) has introduced a new agentic Integrated Development Environment (IDE), named Kiro that would work alongside developers in their journey from prototype to production. For the uninitiated, an IDE is an application that brings together various tools needed for software development which includes code editors, debuggers, and compilers on a single user interface. IDE essentially streamlines the software development process by offering a conducive working space for developers. AWS has been creating tools to make software deployment easier for developers, and Kiro is in line with the tech giant's broad vision. The new offering from AWS enables developers to go from concept to prototype instantly through conversations about the requirements in terms of designs and specifications. 'I'm excited to announce Kiro, an AI IDE that helps you deliver from concept to production through a simplified developer experience for working with AI agents. Kiro is great at 'vibe coding' but goes way beyond that—Kiro's strength is getting those prototypes into production systems with features such as specs and hooks,' read the blog published by AWS executives Nikhil Swaminathan and Deepak Singh on Monday, July 15. When a user interacts with Kiro, it creates these specifications and designs which later makes for reliable and robust code over time, Singh said. Kiro is in line with Amazon Connect, AI-based customer service system, and AWS Transform that uses AI agents to modernise applications, he added. The IDE was launched ahead of AWS Summit 2025 in New York, United States, where it is expected to introduce developments related to AI agents. With Kiro, AWS is looking to make its mark in a rapidly growing market for AI coding tools with the presence of startups such as Windsurf and Cursor. Kiro is dropping at a time when 'vibe coding' appears to be all the rage. It is the practice of using natural language prompts to generate apps. Vibe-coding has gained attention as more and more developers have adopted tools that can respond to instructions in natural language with functional code. However, this phenomenon has also made some enterprises unsure of adopting AI coding tools into workflows owing to the lack of accuracy and possibility of hallucinations. Kiro is reportedly addressing the issue of absence of structure in AI-generated code with something introduced by AWS known as spec coding – a practice that maintains the intuitive nature of AI-assisted development along with the accuracy sought by enterprises. According to AWS, Kiro, which is said to be great at vibe-coding, goes beyond that with features like specs and hooks. In Kiro, specs are artifacts that come in handy when a developer needs the essentials to get to production. On the other hand, Kiro hooks act like an experienced developer catching things that one misses or complete boilerplate tasks in the background. Kiro essentially comes with all the features that come with a typical AI code editor such as Model Context Control (MCP) support for connecting specialised tools, rules to guide AI behaviour across projects, agentic chat for ad-hoc coding tasks with file, URL, and Doc's context providers. 'Kiro is built on Code OSS, so you can keep your VS Code settings and Open VSX compatible plugins while working with our IDE. You get the full AI coding experience, plus the fundamentals needed for production,' read the blog.
Channel Post MEA
15-07-2025
- Business
- Channel Post MEA
Pega Enters Into Five-Year Strategic Partnership With AWS
Pegasystems has signed a five-year strategic collaboration agreement (SCA) with Amazon Web Services (AWS). The collaboration will empower clients to harness the power of Pega products with AWS advanced generative AI services. This includes leveraging Amazon Bedrock and AWS Transform with Pega Blueprint to accelerate legacy modernization projects, freeing enterprises from time-consuming and resource-draining technical debt and opening the door for agentic automation across enterprise workflows. A recent Pega survey indicates technical debt continues to hold back organizations that increasingly struggle to deliver the digital-first experiences their customers expect. The survey, conducted with research firm Savanta, found that more than two-thirds (68%) of IT decision makers in global enterprises say outdated legacy systems and applications are preventing them from embracing innovative technologies like artificial intelligence and automation. Under this new agreement, Pega and AWS will leverage AWS Transform, which uses agentic AI workflows to automate the full modernization lifecycle, and Pega Blueprint, a cloud-based application that leverages AI agents to accelerate the design and development of Pega-powered workflow applications. Together, this AI-based approach helps clients accelerate their journey to the cloud faster and more efficiently without disrupting critical business functions. This allows them to rethink and replace legacy systems and rapidly deploy the power of predictable AI, agents, and automation to more effectively engage customers, deliver service, and run their operations. Pega will also integrate Amazon Bedrock, a fully managed service, as the primary generative AI foundation powering Pega Blueprint and Pega Platform, an AI decisioning and workflow automation platform used for building enterprise software solutions. Now powered with Amazon Bedrock, clients can securely leverage generative AI large language models (LLMs) from companies including Anthropic, Amazon, Cohere, Meta, and more. With Amazon Bedrock enterprise-grade security controls and governance capabilities, Pega clients can confidently use the power of Amazon Bedrock across the entire app development lifecycle – from requirements analysis to initial workflow design to continual refinement. The agreement affirms Pega's commitment to selling in AWS Marketplace as the preferred transaction mechanism for Pega-as-a-Service, helping to further reduce the time between contract and innovation for clients, while also providing clients with access to financial benefits in AWS Marketplace. Furthermore, this collaboration enables Pega to offer comprehensive migration services and tools that guide on-premises clients through a seamless transition to Pega-as-a-Service. 'By deepening our collaboration with AWS, we're taking another major step in empowering organizations to use generative AI to accelerate their legacy application transformation initiatives,' said John Higgins, chief of client and partner success, Pega. 'It's no longer enough to keep applying incremental changes to legacy systems in the AI era. Clients want to drive strategic business process changes to capture the AI-driven productivity improvements – eliminating technical debt and enabling dynamic and intelligent workflows are significant value drivers for organizations seeking to embrace AI to drive business agility. And that's where we come in. Partners can now differentiate their services by infusing their IP and best practices into Pega Blueprint to transform legacy applications.' 'As a long-standing customer of both Pega and AWS, this timing couldn't be better,' said Manas Kumar Sarkar, vice president enterprise application integration services, Infosys. 'This agreement streamlines the path to integrate the power of Pega Platform and Pega Blueprint into Infosys Cobalt, our industry leading cloud offering built on AWS. We're excited about the value this brings to Infosys as well as to the industry.' 'Generative AI is not only revolutionizing what customers can build in the cloud, but with services like AWS Transform, it's fundamentally changing how quickly and seamlessly they can get to the cloud in the first place,' said Chris Grusz, managing director, technology partners, at AWS. 'Our strategic collaboration with Pega combines AWS AI-powered modernization capabilities with Pega's expertise in enterprise workflow transformation, providing customers with powerful tools to escape technical debt without disrupting critical business operations.'
Business Wire
14-07-2025
- Business
- Business Wire
Pega Signs Five-Year Strategic Collaboration Agreement with AWS to Reimagine Legacy Transformation
WALTHAM, Mass.--(BUSINESS WIRE)-- Pegasystems Inc. (NASDAQ: PEGA), the Enterprise Transformation Company™, today announced it has signed a five-year strategic collaboration agreement (SCA) with Amazon Web Services (AWS). The collaboration will empower clients to harness the power of Pega products with AWS advanced generative AI services. This includes leveraging Amazon Bedrock and AWS Transform with Pega Blueprint™ to accelerate legacy modernization projects, freeing enterprises from time-consuming and resource-draining technical debt and opening the door for agentic automation across enterprise workflows. A recent Pega survey indicates technical debt continues to hold back organizations that increasingly struggle to deliver the digital-first experiences their customers expect. The survey, conducted with research firm Savanta, found that more than two-thirds (68%) of IT decision makers in global enterprises say outdated legacy systems and applications are preventing them from embracing innovative technologies like artificial intelligence and automation. Under this new agreement, Pega and AWS will leverage AWS Transform, which uses agentic AI workflows to automate the full modernization lifecycle, and Pega Blueprint, a cloud-based application that leverages AI agents to accelerate the design and development of Pega-powered workflow applications. Together, this AI-based approach helps clients accelerate their journey to the cloud faster and more efficiently without disrupting critical business functions. This allows them to rethink and replace legacy systems and rapidly deploy the power of predictable AI, agents, and automation to more effectively engage customers, deliver service, and run their operations. Pega will also integrate Amazon Bedrock, a fully managed service, as the primary generative AI foundation powering Pega Blueprint and Pega Platform TM, an AI decisioning and workflow automation platform used for building enterprise software solutions. Now powered with Amazon Bedrock, clients can securely leverage generative AI large language models (LLMs) from companies including Anthropic, Amazon, Cohere, Meta, and more. With Amazon Bedrock enterprise-grade security controls and governance capabilities, Pega clients can confidently use the power of Amazon Bedrock across the entire app development lifecycle – from requirements analysis to initial workflow design to continual refinement. The agreement affirms Pega's commitment to selling in AWS Marketplace as the preferred transaction mechanism for Pega-as-a-Service, helping to further reduce the time between contract and innovation for clients, while also providing clients with access to financial benefits in AWS Marketplace. Furthermore, this collaboration enables Pega to offer comprehensive migration services and tools that guide on-premises clients through a seamless transition to Pega-as-a-Service. Quotes and Commentary 'By deepening our collaboration with AWS, we're taking another major step in empowering organizations to use generative AI to accelerate their legacy application transformation initiatives,' said John Higgins, chief of client and partner success, Pega. 'It's no longer enough to keep applying incremental changes to legacy systems in the AI era. Clients want to drive strategic business process changes to capture the AI-driven productivity improvements – eliminating technical debt and enabling dynamic and intelligent workflows are significant value drivers for organizations seeking to embrace AI to drive business agility. And that's where we come in. Partners can now differentiate their services by infusing their IP and best practices into Pega Blueprint to transform legacy applications.' 'As a long-standing customer of both Pega and AWS, this timing couldn't be better,' said Manas Kumar Sarkar, vice president enterprise application integration services, Infosys. 'This agreement streamlines the path to integrate the power of Pega Platform and Pega Blueprint into Infosys Cobalt, our industry leading cloud offering built on AWS. We're excited about the value this brings to Infosys as well as to the industry.' 'Generative AI is not only revolutionizing what customers can build in the cloud, but with services like AWS Transform, it's fundamentally changing how quickly and seamlessly they can get to the cloud in the first place," said Chris Grusz, managing director, technology partners, at AWS. 'Our strategic collaboration with Pega combines AWS AI-powered modernization capabilities with Pega's expertise in enterprise workflow transformation, providing customers with powerful tools to escape technical debt without disrupting critical business operations." Additional Resources About Pegasystems Pega is The Enterprise Transformation Company that helps organizations Build for Change® with enterprise AI decisioning and workflow automation. Many of the world's most influential businesses rely on our platform to solve their most pressing challenges, from personalizing engagement to automating service to streamlining operations. Since 1983, we've built our scalable and flexible architecture to help enterprises meet today's customer demands while continuously transforming for tomorrow. For more information on Pega (NASDAQ: PEGA), visit All trademarks are the property of their respective owners.
Yahoo
11-07-2025
- Business
- Yahoo
Kyndryl Launches New AI-Powered Services to Accelerate Mainframe Migration to AWS
Kyndryl Holdings Inc. (NYSE:KD) is one of the cheap IT stocks hedge funds are buying. On June 10, Kyndryl announced the launch of new advisory and implementation services. These services are designed to accelerate the modernization and migration of mainframe applications and data to Amazon Web Services/AWS by using the agentic AI capabilities of AWS Transform. The initiative follows Kyndryl's recent certification by AWS as an Elite Launch Partner for its new AWS Transform for Mainframe solution. Kyndryl's new services simplify the integration or movement of mainframe applications to the AWS Cloud platform for enterprises by using the automated agentic AI capabilities of AWS Transform. A group of engineers in a data center, ensuring IT resiliency. Kyndryl is also providing services to use AWS Transform for modernizing and migrating mainframe applications to AWS. For many organizations, conducting exploratory and deep analysis of source code and documentation can be time-consuming and prone to errors. AWS Transform's ability to translate complex code terms using agentic AI improves working with application documentation. Kyndryl Holdings Inc. (NYSE:KD) is a technology services company and IT infrastructure services provider in the US, Japan, and internationally. While we acknowledge the potential of KD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
