PagerDuty shares surge 6% on Q3 beat & strong guidance By Investing.com

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PagerDuty shares surge 6% on Q3 beat & strong guidance

Stock Markets Dec 01, 2022 05:02PM ET

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PagerDuty shares surge 6% on Q3 beat & strong guidance

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By Davit Kirakosyan

PagerDuty, Inc. (NYSE:PD) shares gained more than 6% after-hours following the company’s reported Q3 results, with EPS of $0.04 coming in better than the consensus estimate of ($0.03). Revenue was $94.2 million, beating the consensus estimate of $92.95M.

"PagerDuty delivered another strong quarter, exceeding the high end of both our top and bottom line ranges, with revenue up 31% year on year, and operating margin improving 1,000 basis points to achieve profitability a quarter ahead of expectations," said Jennifer Tejada, Chair and CEO at PagerDuty.

The company finished Q3 with 15,265 total paid customers, compared to 14,486 in the year-ago period. The company reported 710 customers with annual recurring revenue over $100,000 as of October 31, 2022, compared to 543 in the year-ago period.

The company expects Q4/23 EPS in the range of $0.02-$0.03, compared to the consensus of $0.00, and revenue in the range of $98-100M, compared to the consensus of $99M.

For fiscal 2023, the company expects EPS in the range of ($0.01)-$0.00, compared to the consensus of ($0.11), and revenue in the range of $368-370M, compared to the consensus of $367.82M.

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