Pegasystems swings to 2Q profit on higher sales

Business-software maker Pegasystems Inc. said Tuesday that it posted a second-quarter profit, reversing a year-ago loss, as revenue rose 26 percent.

The company said it added new industry-specific products and released a new version of its core business process management software.

Net income rose to $2.3 million, or 6 cents per share, compared with a loss of $8.2 million, or 22 cents per share, a year earlier.

The company said adjusted income excluding acquisition costs and stock-based compensation expenses was 16 cents per share.