Pegasystems Inc Q2 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Steven Richard Koenig - SMBC Nikko Securities America, Inc., Research Division - Analyst : I've got one for Ken and then one for Alan, a multipart question. So Ken, you talked a little bit about what the quarter looked like taking out the big term renewal. So we heard about it wasn't a quarter driven by other whales. Cloud was strong sequentially. Ex that term renewal, any color you can give us on duration, cloud mix in your business and any conversions to cloud? I think you have some big ones in the year ago quarter. And then I got one for Alan.

Question: Steven Richard Koenig - SMBC Nikko Securities America, Inc., Research Division - Analyst : Got it. Very helpful. Very helpful. And then, Alan, maybe 2 topics for you that might be related. So I'll ask them both. When we talk about workflow or, as you say, work due, competitors talk about automation, they talk about integration, they talk about machine learning. You guys have technology that is leading edge for automation and decisioning. You don't talk as much about integration. And I kind of wonder what's your -- kind of what's your -- what directions are you headed there? And then I'll just ask related to that, other things that could be enabled by FNX. Can you give us any color on your thinking about building an application ecosystem, some kind of marketplace? Are you looking at some kind of multi-tenant IDE or kind of would you stick with your current approach? Any thoughts there about stuff that would be enabled by FNX in terms of your ecosystem or client development, that would be really interesting.