PagerDuty Q1 2021 Earnings Report
Key Takeaways
PagerDuty reported a strong start to fiscal year 2021, with revenue increasing by 33% year-over-year to $49.8 million. The company's customer base grew to over 13,000, including 348 customers with annual recurring revenue exceeding $100,000, marking a 44% increase year-over-year.
Total revenue was $49.8 million, up 33% year-over-year.
PagerDuty had 13,060 customers as of April 30, 2020.
GAAP gross margin was 86.0%.
Cash and Cash Equivalents and Current Investments were $350.8 million as of April 30, 2020.
PagerDuty
PagerDuty
Forward Guidance
For the second quarter of fiscal 2021, PagerDuty expects total revenue of $50.0 million - $51.0 million, representing a growth rate of 24% - 26% year-over-year and Non-GAAP net loss per share of $0.07 - $0.06 assuming approximately 79 million shares.
Positive Outlook
- Total revenue of $50.0 million - $51.0 million
- Growth rate of 24% - 26% year-over-year
- Non-GAAP net loss per share of $0.07 - $0.06
- Approximately 79 million shares
- Full fiscal year 2021, PagerDuty currently expects total revenue of $204.0 million - $213.0 million
Challenges Ahead
- Non-GAAP net loss per share of $0.07 - $0.06
- Growth rate of 24% - 26% year-over-year
- Full fiscal year 2021, PagerDuty currently expects total revenue of $204.0 million - $213.0 million
- Non-GAAP net loss per share of $0.30 - $0.25
- Approximately 79 million shares