PagerDuty Inc · Q2 2023 earnings

Briefing

PagerDuty's financial performance exceeded guidance with strong demand across regions and verticals.

PagerDuty reported a revenue of $90.3 million, a 33.6% increase year over year. The company's GAAP operating loss was $37.9 million, while the non-GAAP operating loss was $3.4 million. Total paid customers reached 15,174 and customers with ARR over $100,000 reached 689. The dollar-based net retention rate was 124%.

• Revenue increased by 33.6% year-over-year, reaching $90.3 million.
• GAAP operating loss was $37.9 million, while non-GAAP operating loss was $3.4 million.
• Total paid customers increased to 15,174 compared to 14,169 in the year ago period.
• Dollar-based net retention rate was 124%.

Headline financials

Revenue & EPS history

For the third quarter of fiscal 2023, PagerDuty expects total revenue of $92.0 million - $94.0 million, representing a growth rate of 28% - 31% year over year and Non-GAAP net loss per share attributable to PagerDuty, Inc. of $0.04 - $0.03 assuming approximately 89 million shares. For the full fiscal year 2023, PagerDuty expects total revenue of $365.0 million - $370.0 million, representing a growth rate of 30% - 31% year over year and Non-GAAP net loss per share attributable to PagerDuty, Inc. of $0.12 - $0.10 assuming approximately 89 million shares.