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PagerDuty (PD) Shares Rose 14% Following Q4 Beat, Outlook

March 16, 2022 4:34 PM

PagerDuty, Inc. (NYSE: PD) shares rose 14% after-hours following the company’s reported Q4 results, with EPS of ($0.04) coming in better than the consensus estimate of ($0.06). Revenue grew 32% year-over-year to $78.5 million, compared to the consensus estimate of $76.08 million.

The company ended the year with a dollar-based net retention rate of 124%, compared to 121% a year ago. The number of customers with annual recurring revenue over $100,000 rose to 594 (as of January 31, 2022) from 426 a year ago, and the number of customers with annual recurring revenue over $1,000,000 rose to 43 from 26 a year ago. Total paid customers grew to 14,865 from 13,837 a year ago.

The company expects Q1/23 EPS in the range of ($0.09)-($0.08), compared to the consensus of ($0.06), and revenue in the range of $81.5-83.5 million, compared to the consensus of $80.2 million.

For the full 2023-year, the company expects EPS of ($0.23)-($0.17), compared to the consensus of ($0.19), and revenue of $360-366 million, compared to the consensus of $352.7 million.

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