PagerDuty shares surge 6% on Q3 beat & robust steerage By Investing.com

© Reuters. PagerDuty shares surge 6% on Q3 beat & robust steerage

By Davit Kirakosyan

PagerDuty, Inc. (NYSE:) shares gained greater than 6% after-hours following the corporate’s reported , with EPS of $0.04 coming in higher than the consensus estimate of ($0.03). Income was $94.2 million, beating the consensus estimate of $92.95M.

“PagerDuty delivered one other robust quarter, exceeding the excessive finish of each our high and backside line ranges, with income up 31% 12 months on 12 months, and working margin bettering 1,000 foundation factors to attain profitability 1 / 4 forward of expectations,” stated Jennifer Tejada, Chair and CEO at PagerDuty.

The corporate completed Q3 with 15,265 whole paid prospects, in comparison with 14,486 within the year-ago interval. The corporate reported 710 prospects with annual recurring income over $100,000 as of October 31, 2022, in comparison with 543 within the year-ago interval.

The corporate expects This autumn/23 EPS within the vary of $0.02-$0.03, in comparison with the consensus of $0.00, and income within the vary of $98-100M, in comparison with the consensus of $99M.

For fiscal 2023, the corporate expects EPS within the vary of ($0.01)-$0.00, in comparison with the consensus of ($0.11), and income within the vary of $368-370M, in comparison with the consensus of $367.82M.