Its software helps companies cut costs, so demand for PEGA's products has held up well as clients look to improve efficiencies in the tough economic environment. The stock doesn't have much analyst coverage, and despite its following among traders, many investors may still not be familiar with the story behind this explosive stock. "Pegasystems is another example of a niche software provider that is producing stellar results in a weak macro environment. The company's Business Process Management software products help other companies in their cost-cutting efforts, making it easy for businesses to automate complex processes such as credit card disputes, healthcare member enrollment and insurance underwriting. While some of the company's biggest customers are large financial institutions and insurance companies, these customers find it beneficial to use PEGA's software to improve efficiencies amid the weak operating environment"
Monday, June 29, 2009
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