Business

Mass. Movers

Pegasystems swings to a quarterly profit

Pegasystems’ target markets include the travel industry.
AFP/Getty Images
Pegasystems’ target markets include the travel industry.
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Pegasystems Inc. rose after the Cambridge process-management software company reported quarterly earnings and revenue that were better than expected and gave a 2013 outlook that was above projections. Pegasystems­ swung to a profit as it won “new name customers in the public sector as well as two of the world’s top five global insurance companies,” CEO Alan Trefler said. Revenue rose 25 percent; net income was $20.4 million, versus a net loss of $1.9 million a year earlier.