PagerDuty, Inc. - PD STOCK NEWS

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.

PagerDuty reported a 32% year-over-year revenue growth in Q4, reaching $78.5 million. However, the company experienced a GAAP operating loss of $27.2 million, resulting in a GAAP operating margin of (34.6)%. For the fiscal year 2022, total revenue was $281 million, with a similar growth rate of 31.8%. The company anticipates Q1 2023 revenue between $81.5 million and $83.5 million, and a full-year revenue forecast of $360 million to $366 million. Despite losses, PagerDuty's net retention rate improved to 124% as of January 2022.

PagerDuty (NYSE: PD) has announced its acquisition of Catalytic, a no-code workflow automation platform. This strategic move aims to enhance PagerDuty's enterprise platform, enabling flexible workflows and automating real-time business tasks across various functions like Finance and Human Resources. The acquisition is expected to eliminate barriers for non-technical users, allowing them to automate workflows easily. The deal is subject to closing conditions, and the integration may face challenges, but it positions PagerDuty to remain competitive in the automated operations space.

PagerDuty, Inc. (NYSE:PD) announced that it will release its financial results for the fourth quarter and full fiscal year 2022, ended January 31, 2022, after market close on March 16, 2022. A live Zoom video call for analysts and investors is scheduled for 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. The news release and video call will be accessible on PagerDuty's investor relations page.