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Jan 31, 2023
PagerDuty Q4 2023 Earnings Report
PagerDuty's Q4 2023 financial results were announced, demonstrating strong revenue growth and profitability.
Key Takeaways
PagerDuty reported a strong Q4 with revenue reaching $101.0 million, a 29% year-over-year increase. The company achieved GAAP operating loss of $26.5 million, and non-GAAP operating income of $6.1 million. PagerDuty surpassed $400 million in annual recurring revenue.
Revenue was $101.0 million, an increase of 28.6% year over year.
GAAP operating loss was $26.5 million; GAAP operating margin of (26.2)%.
Non-GAAP operating income was $6.1 million; non-GAAP operating margin of 6.1%.
Finished the fourth quarter with 15,244 total paid customers as of January 31, 2023.
Forward Guidance
For the first quarter of fiscal 2024, PagerDuty currently expects: Total revenue of $102.0 million - $104.0 million, representing a growth rate of 19% - 22% year over year. Non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.09 - $0.10 assuming approximately 104 million shares. For the full fiscal year 2024, PagerDuty currently expects: Total revenue of $446.0 million - $452.0 million, representing a growth rate of 20% - 22% year over year. Non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.45 - $0.50 assuming approximately 105 million shares
Positive Outlook
- Total revenue of $102.0 million - $104.0 million, representing a growth rate of 19% - 22% year over year
- Non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.09 - $0.10 assuming approximately 104 million shares
- Total revenue of $446.0 million - $452.0 million, representing a growth rate of 20% - 22% year over year
- Non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.45 - $0.50 assuming approximately 105 million shares
- These statements are forward-looking and actual results may differ materially.
Challenges Ahead
- PagerDuty has not reconciled its expectations as to non-GAAP net income (loss) per share attributable to PagerDuty, Inc. to GAAP net loss per share attributable to PagerDuty, Inc. because certain items are out of its control or cannot be reasonably predicted.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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