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      Beat Q3 2022 Earnings cause PagerDuty Inc. (PD) Soars in the After Hours - Stocks Telegraph

      By Gule Rukhsar

      Published on

      December 8, 2021

      6:16 AM UTC

      Beat Q3 2022 Earnings cause PagerDuty Inc. (PD) Soars in the After Hours - Stocks Telegraph

      PagerDuty Inc. (PD) rose by a further 11.08% in the after-hours when the company posted beat third-quarter 2022 earnings on December 07. Consequently, the stock reached $37.20 at 351.2 thousand shares in the after hours.

      In regular trading, the stock was up by 5.98% to close at $33.49 with 2.26 million shares exchanging in the market.

      The digital operations management platform operator PagerDuty Inc. (PD) was founded in 2009. Currently, the 84.97 million outstanding shares of PD have a market capitalization of $2.69 billion. Moreover, the stock has lost 5.53% in the past five sessions, while losing 19.69% year to date.

      PD’s Q3 Financial Results

      PagerDuty Inc. (PD) announced its third-quarter fiscal 2022 financial results on December 07, 2021. According to the results, the company saw an increase of 33.5% in its revenue Year-over-Year, to reach $71.8 million in the third quarter of 2022. This compares to $53.8 million in the year-ago quarter. The company’s reported revenue surpassed both its own forecast of $69-$71 million and the consensus estimate of $70 million.

      Moreover, PD incurred a GAAP net loss of $0.31 per basic and diluted share in Q3 2022, compared to $0.26 in the year-ago quarter. Consequently, the non-GAAP net loss per basic and diluted share was $0.07 in the third quarter of fiscal 2022.

      Further, the company ended the third quarter of 2022, with cash, cash equivalents, and current investments of $545.3 million on October 31, 2021.

      Future Guidance

      The company also issued its financial outlook for the upcoming fourth quarter as well as the full fiscal year 2022 in the earnings report. As per the guidance, PD expects Q4 2022, with total revenue between $75.5 million and $76.5 million. Further, the non-GAAP net loss is expected to be $0.06-$0.05 per share for the quarter.

      In addition, for the full fiscal year 2022, total revenue is expected to be in the range of $278.5 million to $279.5 million. And an estimated non-GAAP net loss of $0.34-$0.33 per share is expected for the full fiscal year 2022.

      Recent Developments

      On November 29, PagerDuty Inc. (PD) announced that it has entered a multi-year go-to-market agreement with Amazon Web Services Inc. (AWS). As per PD, this agreement will allow seamless customer cloud migration and digital operational maturity journey.

      In addition, the company also announced that at the start of 2022, a Rundeck Cloud automation offering (fully managed) would be hosted on AWS.

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