PAGERDUTY Reports First Quarter Earnings Results for Fiscal Year 2023

🌥️Earnings Overview

PAGERDUTY ($NYSE:PD) reported their first quarter earnings results for the fiscal year ending June 1 2023 on April 30 2023. Total revenue was USD 103.2 million, a 20.9% year-over-year increase. Net income for the quarter was USD -12.2 million, an improvement from the -32.8 million reported in the same quarter of the previous year.

Price History

The company’s shares opened at $26.9 and closed at $27.8, representing a 2.0% increase from its prior closing price of 27.2. This positive result was a sign that investors are optimistic about the company’s future prospects. PAGERDUTY‘s first quarter earnings results highlighted the strong performance of the company’s products and services, as well as its continued commitment to meeting the needs of its customers. The positive financial results were buoyed by PAGERDUTY’s success in providing reliable and secure IT solutions to its customers. The company’s products and services have consistently received high ratings from customers, and it has continued to invest in product and service innovation.

Overall, PAGERDUTY’s first quarter earnings report reflects a strong start to fiscal year 2023, and investors seem to be pleased with the company’s performance. It will be interesting to see how the company performs in the upcoming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Pagerduty. PAGERDUTY_Reports_First_Quarter_Earnings_Results_for_Fiscal_Year_2023″>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Pagerduty. PAGERDUTY_Reports_First_Quarter_Earnings_Results_for_Fiscal_Year_2023″>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Pagerduty. PAGERDUTY_Reports_First_Quarter_Earnings_Results_for_Fiscal_Year_2023″>More…

Key Ratios Snapshot

Some of the financial key ratios for Pagerduty are shown below. PAGERDUTY_Reports_First_Quarter_Earnings_Results_for_Fiscal_Year_2023″>More…

Analysis

At GoodWhale, we conducted a financial analysis of PAGERDUTY. Our Star Chart reveals that PAGERDUTY is strong in growth, with a medium rating in asset and a weak rating in dividend and profitability. PAGERDUTY has an intermediate health score of 4/10 with regard to its cashflows and debt. This indicates that PAGERDUTY is likely to be able to pay off its debt and fund its future operations. In addition, our analysis has classified PAGERDUTY as a ‘Cheetah’ type of company – a company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are interested in such companies, and who understand the risks and rewards of investing in them, may see PAGERDUTY as an attractive investment opportunity. 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 first quarter results for the fiscal year ending June 1 2023 show strong revenue growth with total revenue of USD 103.2 million, a year-over-year increase of 20.9%. Net income also improved from -32.8 million to -12.2 million compared to the same quarter of the previous year. This trend indicates that PAGERDUTY is on the path to becoming a more profitable company and is an attractive investment opportunity for investors. With its current positive momentum, PAGERDUTY is certainly a stock to watch in the near future.