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Jul 31, 2021
PagerDuty Q2 2022 Earnings Report
PagerDuty's Q2 2022 financial results showed strong revenue growth and increasing adoption of its platform.
Key Takeaways
PagerDuty reported a 33.2% year-over-year increase in revenue to $67.5 million in Q2 2022. The company's customer base grew to nearly 18,000, and the dollar-based net retention rate was 126%.
Revenue increased by 33.2% year-over-year to $67.5 million.
GAAP gross margin was 82.3%, while non-GAAP gross margin was 84.2%.
Nearly 18,000 companies are now using PagerDuty's platform.
Dollar-based net retention rate stood at 126%.
PagerDuty
PagerDuty
Forward Guidance
For the third quarter of fiscal 2022, PagerDuty expects total revenue of $69.0 million - $71.0 million, representing a growth rate of 28% - 32% year over year and Non-GAAP net loss per share of $0.10 - $0.09 assuming approximately 85 million shares. For the full fiscal year 2022, PagerDuty expects total revenue of $273.0 million - $276.0 million, representing a growth rate of 28% - 29% year over year and Non-GAAP net loss per share of $0.39 - $0.35 assuming approximately 84 million shares.
Positive Outlook
- Total revenue of $69.0 million - $71.0 million, representing a growth rate of 28% - 32% year over year
- Non-GAAP net loss per share of $0.10 - $0.09 assuming approximately 85 million shares
- Total revenue of $273.0 million - $276.0 million, representing a growth rate of 28% - 29% year over year
- Non-GAAP net loss per share of $0.39 - $0.35 assuming approximately 84 million shares
- Continued growth in customer base and platform adoption
Challenges Ahead
- Uncertainties related to the COVID-19 pandemic
- Ability to achieve and maintain future profitability
- Ability to attract new customers and retain existing customers
- Dependence on revenue from a single product
- Increasingly competitive market