Correcting Pegasystems Earnings Release Issued Feb. 19, 2002

In "Pegasystems Reports Revenue Growth and Earnings for Fourth Quarter and Full Year 2001," two sets of figures in the tables were switched between the 2001 and 2000 columns, by Business Wire, upon wire distribution.


In the Consolidated Statements of Operations table, "Other income (expense), net", should read "15" for "Year Ended Dec. 31, 2001" and the figure for "Year Ended Dec. 31, 2000" should read "(286)" (sted (286) and 15).


In the Consolidated Statements of Cash Flows table, "Other long term assets and liabilities", should read "475" for "Year Ended Dec. 31, 2001" and the figure for "Year Ended Dec. 31, 2000" should read "(354)" (sted (354) and 475).

About Pegasystems

Pegasystems (NASDAQ: PEGA) develops strategic applications for marketing, sales, service, and operations. Pega’s applications streamline critical business operations, connect enterprises to their customers seamlessly in real-time across channels, and adapt to meet rapidly changing requirements. Pega’s Global 3000 customers include many of the world’s most sophisticated and successful enterprises. Pega’s applications, available in the cloud or on-premises, are built on its unified Pega 7 platform, which uses visual tools to easily extend and change applications to meet clients’ strategic business needs. Pega’s clients report that Pega gives them the fastest time to value, extremely rapid deployment, efficient re-use, and global scale. For more information, please visit us at www.pega.com.

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+1 617-866-6022

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Pegasystems Inc.
One Rogers St.
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Phone +1 617-374-9600
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