PagerDuty Reports Q2 FY2024 Earnings Results, August 31 2023
September 3, 2023
🌥️Earnings Overview
On July 31 2023, PAGERDUTY ($NYSE:PD) announced their earnings results for the second quarter of FY2024, which ended on August 31 2023. The total revenue for the period amounted to USD 107.6 million, a 19.2% increase from the same quarter of the previous year. The net income reported for this quarter was USD -22.0 million, reflecting a great improvement from the figure of -38.5 million from the same quarter last year.
Market Price
PagerDuty announced their quarterly earnings results for Q2 FY2024 on August 31 2023. The company’s stock opened at $25.7 and closed at $25.8, up by 0.4% from the previous closing price of $25.6. This increase in the stock was a positive sign for investors, as it showed a steady increase in the company’s value. Analysts reported that the increase in share price was likely due to positive results from PagerDuty’s recently launched products and services.
This quarter saw the launch of several new products, including an AI-based incident response platform and a mobile application for managing on-call schedules. Overall, the results from the quarter were encouraging for investors, as PagerDuty continues to show solid revenue growth and positive customer sentiment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pagerduty. More…
| Total Revenues | Net Income | Net Margin |
| 406.03 | -93.1 | -22.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pagerduty. More…
| Operations | Investing | Financing |
| 50.03 | -17.12 | -8.79 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pagerduty. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 811.9 | 542.58 | 2.88 |
Key Ratios Snapshot
Some of the financial key ratios for Pagerduty are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.0% | – | -22.0% |
| FCF Margin | ROE | ROA |
| 10.6% | -21.5% | -6.9% |
Analysis
At GoodWhale, we’ve conducted a thorough analysis of PAGERDUTY‘s fundamentals and can confidently report that the company is a medium risk investment in terms of financial and business aspects. Taking a deeper look into the company, we have detected two risk warnings in the cashflow statement, both on a non-financial level. To access these insights, please register with us to explore our comprehensive analysis of PAGERDUTY and its potential as an investment. More…
Peers
Its competitors are Easy Software AG, NICE Ltd, and IMINT Image Intelligence AB.
– Easy Software AG ($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 Inc. reported their financial results from the second quarter of FY2024, ending August 31 2023. Total revenue was reported at USD 107.6 million, a 19.2% year-over-year increase. Net income was reported at USD -22.0 million, an improvement from -38.5 million in the same quarter last year. Investors should consider this data when assessing their potential in PAGERDUTY, as it reflects the company’s ability to generate growth and profitability within a challenging business environment.
Related Posts
Recent Posts
