PagerDuty, Inc. - PD STOCK NEWS

PagerDuty (NYSE:PD) has announced the appointment of Sarah Franklin to its Board of Directors and Audit Committee. Franklin, currently CEO of Lattice, brings over 25 years of technology industry experience, including 15 years at Salesforce where she served as President and Chief Marketing Officer. The announcement also includes the resignation of Sameer Dholakia from the Board, who is departing to focus on his role at Bessemer Venture Partners.

Franklin holds a dual degree in chemical engineering and biochemistry from Virginia Tech and has experience with PagerDuty both as a partner and customer. The appointment aligns with PagerDuty's strategy to expand its enterprise business and enhance the delivery of its Operations Cloud platform to global organizations.

PagerDuty (NYSE:PD) announced new generative AI and automation features for PagerDuty Advance in collaboration with AWS at re:Invent 2024. The integration combines PagerDuty Advance with Amazon Q Business, Amazon Bedrock, and Amazon Bedrock Guardrails to enhance incident management processes.

The collaboration addresses rising operational disruptions, which have increased by 43% last year, costing approximately $800,000 per incident. The new features include AI-powered incident context support through chat, improved query responses with safeguards against hallucinations, and a centralized interface for accessing critical incident data.

Early adopters reported saving an average of 30 minutes per incident using these new capabilities. The integration with Amazon Bedrock is now generally available in all PagerDuty regions, while the Amazon Q Business plugin integration is available in the U.S. service region.

PagerDuty (NYSE:PD) reported Q3 fiscal 2025 results with revenue reaching $119 million, up 9.4% year-over-year. The company's Annual Recurring Revenue (ARR) grew 10% to $483 million. While recording a GAAP operating loss of $10.3 million, non-GAAP operating income was $25 million with a 21% margin. The company maintained strong liquidity with $542.2 million in cash and investments. Customer metrics showed mixed results with total paid customers at 15,050 and customers with ARR over $100K growing 6% to 825. For Q4 FY2025, PagerDuty expects revenue between $118.5-$120.5 million and raised its full-year non-GAAP EPS guidance to $0.78-$0.79.

PagerDuty (NYSE:PD) has announced it will release its third quarter fiscal year 2025 financial results on November 26, 2024, after market close. The company will host a live Zoom video call for analysts and investors at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. The financial results and video call will be accessible through PagerDuty's investor relations events page, with a replay available afterward.

PagerDuty announced that Chairperson and CEO Jennifer Tejada will be a guest speaker at the 2024 AWS re:Invent keynote alongside AWS CEO Matt Garman. The keynote will highlight the decade-plus strategic partnership between PagerDuty and AWS, focusing on digital operations improvement and customer experience enhancement.

The company will maintain an active presence at the event with multiple sessions, including a sponsored session on incident communication patterns and a panel discussion on modernizing digital operations. The keynote session is scheduled for Tuesday, December 3, 2024, at 8:00 a.m. PT.

PagerDuty has been named a Leader in the 2024 GigaOm Radar for AIOps for the third consecutive year. The company's Operations Cloud leverages AI and automation to build operational resilience, backed by over five years of AI integration.

Key strengths highlighted include strong correlation and causality analysis, automated remediation capabilities, and comprehensive vendor ecosystem with over 700 partnerships. Notable customer success includes TUI, which achieved 30% faster incident recovery, while PagerDuty customers using AIOps can see ROI up to 250%. The solution features Intelligent Alert Grouping, Auto-Pausing for transient alerts, and requires minimal training with complex roles trained in under two hours.

PagerDuty (NYSE:PD) has announced new AI-powered innovations for its Operations Cloud platform, aimed at enhancing operational resilience and reducing the impact of unplanned outages. These features are designed to automate processes and reduce incident management time, ultimately protecting customer experience and mitigating operational failure risks.

Key enhancements include:

• PagerDuty Advance Assistant for Microsoft Teams: Generative AI capabilities for faster incident resolution
• Automation on Alerts: Reduces total incident count
• Global Intelligent Alert Grouping: Uses AI models for enhanced pattern recognition
• Unified Chat Experience: Streamlines incident management within Microsoft Teams or Slack
• PagerDuty Operations Console Enhancements: Provides comprehensive alert visibility
• Operational Maturity Model Improvements: Offers recommendations and industry benchmarking

These innovations aim to help organizations respond more efficiently to outages, preserve customer trust, and prevent revenue loss.

PagerDuty, Inc. (NYSE: PD) has released a new Total Economic Impact™ (TEI) study conducted by Forrester Consulting, revealing significant benefits for organizations using the PagerDuty Operations Cloud. The study shows that a composite organization achieved a 249% return on investment (ROI) over three years with a payback period of less than 12 months.

Key findings include:

• 59% reduction in downtime, protecting $1.4 million in revenue-at-risk
• 50% reduction in incidents
• 91% reduction in signal noise
• $4.01 million in net present value (NPV)

The PagerDuty Operations Cloud platform improved operational efficiency, reduced downtime, and drove innovation by automating repetitive tasks and providing actionable insights. This study demonstrates PagerDuty's value in building resilient and efficient operations for enterprises across industries.

PagerDuty (NYSE:PD) has announced two key appointments to its leadership team: Pritesh Parekh as Chief Information Security Officer (CISO) and Rukmini Reddy as Senior Vice President of Engineering. These appointments aim to strengthen the company's position as a leader in digital operations management.

Parekh, with over 20 years of experience in technology leadership roles at companies like Delphix, Dell, Zuora, and ServiceNow, will lead PagerDuty's security organization. His responsibilities include product security operations, securing technology and products, and supporting corporate development, sales, compliance, and IT teams.

Reddy, who has spent over a decade in senior executive roles at various enterprise companies, most recently at Slack, will lead product and platform engineering, infrastructure, and data science. She will be responsible for PagerDuty's technology strategy, driving execution, and continued operational excellence.