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Apr 30, 2023
PagerDuty Q1 2024 Earnings Report
PagerDuty's Q1 2024 results demonstrated balanced growth with solid revenue increase and record non-GAAP operating margin.
Key Takeaways
PagerDuty announced its Q1 2024 financial results, reporting a 21% year-over-year revenue increase to $103.2 million. The company achieved a record non-GAAP operating income of $16.1 million, alongside a GAAP operating loss of $15.8 million. PagerDuty also introduced new generative AI-supported capabilities for its Operations Cloud.
Revenue increased by 21% year-over-year, reaching $103.2 million.
GAAP operating loss was $15.8 million, while non-GAAP operating income reached a record $16.1 million.
The company's dollar-based net retention rate was 116%.
PagerDuty introduced generative AI-supported capabilities for its Operations Cloud.
Forward Guidance
For the second quarter of fiscal 2024, PagerDuty expects total revenue of $103.5 million - $105.5 million, representing a growth rate of 15% - 17% year over year and non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.10 - $0.11 assuming approximately 105 million diluted shares. For the full fiscal year 2024, PagerDuty expects total revenue of $425.0 million - $430.0 million, representing a growth rate of 15% - 16% year over year and non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.60 - $0.65 assuming approximately 105 million diluted shares
Positive Outlook
- Total revenue of $103.5 million - $105.5 million, representing a growth rate of 15% - 17% year over year
- Non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.10 - $0.11 assuming approximately 105 million diluted shares
- Total revenue of $425.0 million - $430.0 million, representing a growth rate of 15% - 16% year over year
- Non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.60 - $0.65 assuming approximately 105 million diluted shares
Historical Earnings Impact
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