PAGERDUTY Announces Second Quarter Fiscal Year 2024 Earnings Results for August 31 2023
September 6, 2023
🌥️Earnings Overview
On July 31 2023, PAGERDUTY ($NYSE:PD) reported their financial results for the second quarter of the 2024 fiscal year, ending August 31 2023. Total revenue for the quarter was USD 107.6 million, a 19.2% increase from the same period in the previous year. Net income improved to USD -22.0 million, compared to the -38.5 million reported in the prior year.
Stock Price
The stock opened at $25.7 and closed at $25.8, representing a slight increase of 0.4% from its prior closing price of $25.6. This news was welcomed by investors and market analysts who have been bullish on the stock in recent weeks. Going forward, PAGERDUTY is optimistic about its prospects for the rest of the year and beyond. The company plans to continue to invest in research and development to ensure the highest quality products for customers, while also maintaining sound financial practices to ensure long-term shareholder value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pagerduty. More…
| Total Revenues | Net Income | Net Margin |
| 406.03 | -93.1 | -22.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pagerduty. More…
| Operations | Investing | Financing |
| 50.03 | -17.12 | -8.79 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pagerduty. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 811.9 | 542.58 | 2.88 |
Key Ratios Snapshot
Some of the financial key ratios for Pagerduty are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.0% | – | -22.0% |
| FCF Margin | ROE | ROA |
| 10.6% | -21.5% | -6.9% |
Analysis
At GoodWhale, we recently conducted an analysis of PAGERDUTY‘s wellbeing. After gathering and evaluating financial and business data, we have concluded that PAGERDUTY is a medium risk investment. We detected two risk warnings in the company’s cashflow statement, both of which are non-financial. To get a more in-depth overview of the company’s financial situation, we recommend registering on GoodWhale.com. Here you can access our detailed analysis and learn more about the risks associated with investing in PAGERDUTY. More…
Peers
Its competitors are Easy Software AG, NICE Ltd, and IMINT Image Intelligence AB.
– Easy Software AG ($LTS:0EDB)
The company’s market cap is 88.25M as of 2022 and its ROE is -21.16%. The company is involved in the development, marketing and sales of software products and services. Its products are used by businesses of all sizes, from small businesses to large enterprises.
– NICE Ltd ($BER:NSY)
NICE Ltd is a publicly traded company with a market capitalization of 12.22B as of 2022. The company has a return on equity of 6.6%. NICE Ltd is a provider of enterprise software solutions. The company’s products and services include customer experience management, financial crime and compliance, and operations management.
– IMINT Image Intelligence AB ($LTS:0GCH)
Image Intelligence AB is a Swedish company that specializes in image processing and analysis. The company has a market cap of 187.27M as of 2022 and a Return on Equity of 13.01%. Image Intelligence AB’s main products are software tools for image analysis, which are used in a variety of applications such as medical imaging, security, and surveillance.
Summary
PAGERDUTY’s second quarter earnings results for 2024, ending August 31 2023, reported total revenue of USD 107.6 million, representing a 19.2% increase year-over-year. Net income was USD -22.0 million, a significant improvement from the prior year. Investors may positively view the company’s performance as it appears to be turning around and generating an increase in revenue.
With the right strategies, PAGERDUTY could become a profitable company. Investors should consider the company’s potential growth and whether or not it is worth investing in.
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