PagerDuty, Inc. - PD STOCK NEWS

PagerDuty (NYSE:PD) has been named a Leader in Forrester's Process-Centric AI For IT Operations (AIOps) Wave report for Q2 2023. The company's AIOps solution, part of the PagerDuty Operations Cloud℠, received the highest possible score in several criteria, including service map maintenance, automation and remediation, and event noise reduction.

Forrester praised PagerDuty for going beyond alerting to automate processes and workflows that accelerate resolutions. The report highlighted PagerDuty's ability to normalize event data, enrich it with remediation-specific information, and power automation workflows throughout the platform. Reference customers commended PagerDuty's event noise reduction capabilities.

PagerDuty's AIOps solution works out of the box, offering quick implementation and best-in-class results, including a 400+% ROI. The company is focused on leveraging AI and Generative AI across its Operations Cloud to help teams scale, improve efficiency, and enhance customer experience.

PagerDuty, Inc. (NYSE:PD), a leader in digital operations management, announced the launch of PagerDuty AIOps, which automates incident response, achieving an impressive average of 87% noise reduction and delivering automated responses 9 times faster than previous solutions. This solution is designed for various teams including developers and IT operations, improving efficiency and reducing costs. Features include event correlation, advanced noise reduction, a visibility console, and integrations with over 700 platforms. PagerDuty AIOps aims to streamline IT processes, mitigate business risks, and support revenue growth amid increasing operational demands. The solution is now generally available, promising quick implementation and significant operational savings.

PagerDuty, Inc. (NYSE:PD) unveiled its latest PagerDuty Process Automation solution, enhancing digital operations management for hybrid and distributed environments. These updates facilitate seamless automation across secure cloud and data centers, alleviating access burdens and improving compliance. Key benefits include faster operations, simplified security in high-compliance architecture, and reduced manual toil. Notable use cases involve retailers and telecommunications providers optimizing operational efficiency and system uptime.

For further insights on PagerDuty’s offerings, visit their website.

PagerDuty, Inc. (NYSE: PD) reported its fourth quarter fiscal 2023 results, achieving $101.0 million in revenue, a 29% increase year-over-year. The company posted a GAAP operating loss of $26.5 million but a non-GAAP operating income of $6.1 million. Full-year revenue reached $370.8 million, up 31.8% year-over-year. PagerDuty ended the quarter with 15,244 customers, including 752 with annual recurring revenue over $100,000. The company's fiscal 2024 outlook anticipates Q1 revenue between $102.0 million and $104.0 million and full-year revenue of $446.0 million to $452.0 million.

PagerDuty, Inc. (NYSE:PD), a leader in digital operations management, will release its financial results for Q4 and full fiscal year 2023, ending January 31, 2023, on March 15, 2023, after market close. A live Zoom call for analysts and investors is scheduled for 2:00 p.m. PT (5:00 p.m. ET). Results will be shared through a news release available on PagerDuty’s investor relations page. PagerDuty's software helps organizations enhance their digital customer experiences, with customers including Cisco and Shopify.

PagerDuty (NYSE: PD) has launched a new application for Customer Service in ServiceNow CSM, enhancing cross-team communication between IT and customer service.

This integration allows for real-time updates on incidents, aiming to improve customer experience and meet service level agreements (SLAs). The application is designed to streamline workflows by connecting various teams, reducing time spent on support tickets, and improving efficiency.

With increased customer expectations and higher incident volumes, organizations can leverage this solution to foster customer loyalty and engagement, ultimately boosting operational efficiencies.