PEGA - Blue Prism: A High-Growth Software Automation Play

September, 04 2020 04:40 PM Pegasystems Inc.

Blue Prism (BPRMF) forms part of a select group of companies which provide high-quality services in the IT Robotic Process Automation (RPA) field.

RPA aims to use software including AI features to automate repetitive tasks and contribute to improve efficiency in companies' business processes.

The company's revenues jumped 70% to reach £68.5 million ($90.8 million) during the first half of 2020.

Consequently, the stock price surged above the $20 level but has now somewhat dipped, creating a window of opportunity for buyers.

Figure 1: Blue Prism stock price evolution.

Data by YCharts

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