PagerDuty, Inc. - PD STOCK NEWS

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.

PagerDuty, Inc. (NYSE:PD) announced the promotion of Jeremy Kmet to Senior Vice President of Global Field Operations, effective February 1, 2023, following the departure of Chief Revenue Officer Dave Justice. Kmet will oversee operations globally, extending beyond the Americas. The company reaffirms its fourth quarter 2023 revenue guidance of $98 million to $100 million, reflecting a year-over-year growth of 25%-27%.

The firm is implementing global scaling initiatives, anticipating $19 million to $23 million in restructuring charges by the end of fiscal 2024.

PagerDuty has launched PagerDuty Status Pages, an integrated feature designed to enhance communication during incidents. This tool enables customers to share real-time updates, improving transparency and trust. According to the 2022 State of Service Report, nearly half of customers might switch brands if transparency in service issues is lacking. The new feature allows teams to streamline operations on one platform, reducing overhead and improving customer satisfaction.

PagerDuty reported strong Q3 FY2023 results, with revenue reaching $94.2 million, up 31.3% year-over-year. The company achieved non-GAAP profitability a quarter early, with non-GAAP operating income of $3.0 million and an improved operating margin of 3.2%. Despite a GAAP operating loss of $32.5 million, their customer base grew to 15,265, marking a significant expansion in high-value clients. The outlook for Q4 forecasts revenue between $98 million and $100 million, reflecting a growth rate of 25-27% year-over-year.