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Jul 31, 2022
PagerDuty Q2 2023 Earnings Report
PagerDuty's financial performance exceeded guidance with strong demand across regions and verticals.
Key Takeaways
PagerDuty reported a revenue of $90.3 million, a 33.6% increase year over year. The company's GAAP operating loss was $37.9 million, while the non-GAAP operating loss was $3.4 million. Total paid customers reached 15,174 and customers with ARR over $100,000 reached 689. The dollar-based net retention rate was 124%.
Revenue increased by 33.6% year-over-year, reaching $90.3 million.
GAAP operating loss was $37.9 million, while non-GAAP operating loss was $3.4 million.
Total paid customers increased to 15,174 compared to 14,169 in the year ago period.
Dollar-based net retention rate was 124%.
Forward Guidance
For the third quarter of fiscal 2023, PagerDuty expects total revenue of $92.0 million - $94.0 million, representing a growth rate of 28% - 31% year over year and Non-GAAP net loss per share attributable to PagerDuty, Inc. of $0.04 - $0.03 assuming approximately 89 million shares. For the full fiscal year 2023, PagerDuty expects total revenue of $365.0 million - $370.0 million, representing a growth rate of 30% - 31% year over year and Non-GAAP net loss per share attributable to PagerDuty, Inc. of $0.12 - $0.10 assuming approximately 89 million shares.
Positive Outlook
- Total revenue growth rate of 28% - 31% year over year for Q3 2023.
- Total revenue between $92.0 million and $94.0 million for Q3 2023.
- Non-GAAP net loss per share between $0.04 and $0.03 for Q3 2023.
- Total revenue growth rate of 30% - 31% year over year for fiscal year 2023.
- Total revenue between $365.0 million and $370.0 million for fiscal year 2023.
Challenges Ahead
- Non-GAAP net loss per share between $0.12 and $0.10 for fiscal year 2023.
- Uncertainties related to the COVID-19 pandemic on U.S. and global markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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