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Why Digital Operations Management Company PagerDuty Shares Are Diving Today

Author: Lekha Gupta | March 15, 2024 08:36am

PagerDuty, Inc. (NYSE:PD) shares are trading lower after the company reported fourth-quarter FY24 results.

Revenue rose 10.1% Y/Y to $111.1 million, beating the consensus of $110.4 million.

Annual recurring revenue (ARR) grew 10% Y/Y to $451.9 million. As of January 31, 2024, total paid customers came in at 15,039 vs. 15,244 the prior year quarter.

Non-GAAP operating income stood at $11.0 million, with a margin of 9.9%. Non-GAAP EPS of $0.17 beat the consensus of $0.15.

Operating cash flow stood at $22.2 million and free cash flow of $19.6 million.

As of January 31, 2024, cash, cash equivalents, and current investments stood at $571.2 million.

Outlook: For the first quarter, the company expects revenue of $110.5 million-$112.5 million (up 7% – 9% Y/Y) vs. the consensus of $113.4 million and adjusted EPS of $0.12 – $0.13 vs. street view of $0.18.

For FY25, PagerDuty sees revenue of $470.0 million-$478.0 million vs. street view of $480.67 million and adjusted EPS of $0.65-$0.70 vs. $0.82 consensus.

Price Action: PD shares are down 8.46% at $20.99 premarket on the last check Friday.

Posted In: PD

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