PagerDuty, Inc. - PD STOCK NEWS

PagerDuty Inc. (NYSE:PD) announced significant updates at the PagerDuty Summit 2022, enhancing its Operations Cloud capabilities.

These improvements focus on automating incident response, allowing organizations to transition from manual processes to proactive, efficient operations.

New features include Incident Workflows and Automation Actions, aimed at improving incident resolution speed and reducing escalated issues.

The release underscores PagerDuty's role in supporting digital transformation for enterprises.

PagerDuty, a leader in digital operations management, will present at the William Blair 42nd Annual Growth Stock Conference on June 9th at 2:20 p.m. ET. The presentation will be accessible via a live webcast and replay on PagerDuty's investor relations page. The company supports organizations in maintaining optimal digital experiences, having notable clients like Cisco, DocuSign, and Zoom. To learn more about PagerDuty, visit www.pagerduty.com.

PagerDuty, a leader in digital operations management, reported a 34% year-over-year revenue increase for Q1 FY2023, reaching $85.4 million. However, the company faced a GAAP operating loss of $32.5 million and a non-GAAP operating loss of $2.3 million. Despite these losses, PagerDuty's CEO highlighted strong customer loyalty, a dollar-based net retention rate of 126%, and a rise in paid customers to 15,040. The company raised its fiscal year revenue guidance, expecting $364 million - $369 million, indicating potential for continued growth amidst operational challenges.

PagerDuty (NYSE:PD) has announced a strategic partnership with Japan Cloud to expand its operations in Japan, establishing a new joint venture called PagerDuty Japan. This initiative aims to support digital transformation in Japanese enterprises, which are increasingly adopting cloud and DevOps technologies. With the aim of reaching $1 billion in revenue, PagerDuty sees Japan as a crucial growth market. The company is actively hiring in the region and has already secured prominent clients like Yahoo Japan and NTT DoCoMo.

PagerDuty, Inc. (NYSE:PD) announced its PagerDuty Summit 2022, a series of hybrid events in San Francisco, Sydney, and London from June 7 to June 21. The events will feature keynotes from industry leaders, including PagerDuty's CEO, and discussions on topics such as DevOps and AIOps. Attendees will gain insights into modern cloud operations and technical innovation. The summit aims to connect professionals and enhance skills through various workshops and presentations.

PagerDuty, Inc. (NYSE:PD) will announce its financial results for Q1 fiscal 2023 on June 2, 2022, after market close. A live video call for analysts and investors is scheduled for 2:00 p.m. Pacific Time the same day. The results will be accessible on PagerDuty’s investor relations page, with a replay option available afterward. The company specializes in digital operations management, helping organizations like Cisco and Shopify improve customer experiences through real-time problem identification and resolution.

PagerDuty, Inc. (NYSE: PD) has appointed Katherine Post Calvert as its new Chief Marketing Officer, effective May 9, 2022. Calvert brings extensive experience in global marketing strategy and demand generation from her previous role at Khoros. She will report to Jennifer Tejada, Chairperson and CEO. This leadership change aims to enhance PagerDuty's marketing operations and drive growth as the company focuses on digital transformation in the enterprise sector.

PagerDuty, Inc. (NYSE:PD) has appointed Shelley Webb as Senior Vice President, Legal, General Counsel effective April 25, 2022. Webb brings extensive experience in legal and policy strategy from her tenure at Intel, where she served as Vice President & Group General Counsel. Her predecessor, Stacey Giamalis, will leave the company on May 6, 2022, but will assist in the transition. CEO Jennifer Tejada expressed confidence in Webb's ability to support the company's growth and innovation amid positive momentum in the new fiscal year.

PagerDuty (NYSE:PD) announced the launch of two new products: PagerDuty Process Automation On Prem 4.0 and PagerDuty Runbook Automation. These offerings aim to enhance productivity and streamline IT processes, addressing the increasing demand for automation in digital operations. The On Prem version features improved security and distributed execution capabilities, while the Runbook Automation provides a SaaS alternative for automating runbook procedures. This release aligns with the company's mission to drive efficiency across enterprises.