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Jul 31, 2020
PagerDuty Q2 2021 Earnings Report
PagerDuty's revenue increased by 26% year-over-year, with significant customer growth and platform expansion.
Key Takeaways
PagerDuty announced strong second quarter results with revenue increasing 26% year-over-year to $50.7 million. The company saw growth in customers with ARR over $100,000 and expanded its platform integrations.
Revenue increased 25.7% year-over-year to $50.7 million.
GAAP gross margin was 86.9%, and non-GAAP gross margin was 87.4%.
PagerDuty had 13,346 customers as of July 31, 2020.
Net cash provided by operations was $2.0 million, or 4.0% of revenue.
Forward Guidance
For the third quarter of fiscal 2021, PagerDuty expects total revenue of $52.0 million - $53.0 million, representing a growth rate of 22% - 24% year-over-year and Non-GAAP net loss per share of $0.11 - $0.10 assuming approximately 79 million shares. For the full fiscal year 2021, PagerDuty expects total revenue of $206.0 million - $211.0 million, representing a growth rate of 24% - 27% year-over-year and Non-GAAP net loss per share of $0.30 - $0.27 assuming approximately 79 million shares.
Positive Outlook
- Total revenue of $52.0 million - $53.0 million, representing a growth rate of 22% - 24% year-over-year
- Non-GAAP net loss per share of $0.11 - $0.10 assuming approximately 79 million shares
- Total revenue of $206.0 million - $211.0 million, representing a growth rate of 24% - 27% year-over-year
- Non-GAAP net loss per share of $0.30 - $0.27 assuming approximately 79 million shares
- Continued Expansion Within Existing Customers
Challenges Ahead
- Effect of uncertainties related to the COVID-19 pandemic on U.S. and global markets
- Our ability to achieve and maintain future profitability
Historical Earnings Impact
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Avg. Return Before/After Earnings
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