PagerDuty, Inc. - PD STOCK NEWS

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.

PagerDuty, Inc. (NYSE:PD) reported a 33% year-over-year revenue increase to $72 million for Q3 fiscal 2022, ending October 31, 2021. Despite this growth, the company faced a GAAP operating loss of $24.8 million and a non-GAAP operating loss of $5.0 million. The total number of paid customers rose to 14,486, while customers with annual recurring revenue over $100,000 grew to 543. Looking ahead, PagerDuty projects Q4 revenue of $75.5 million - $76.5 million and full fiscal year revenue of $278.5 million - $279.5 million.

PagerDuty (NYSE:PD) announced a multi-year go-to-market agreement with Amazon Web Services (AWS) to enhance cloud adoption and streamline digital operations. This collaboration will feature Rundeck Cloud, a managed automation service, available on AWS in early 2022, alongside Rundeck Enterprise in the AWS Marketplace. The partnership aims to simplify cloud migration and strengthen operational capabilities. Notably, a recent tech leadership report revealed that 61% of leaders believe cloud complexity is increasing, highlighting the need for effective AIOps and automation solutions.

PagerDuty (NYSE:PD) has introduced new features aimed at enhancing digital operations management. These updates facilitate real-time event management and automation, significantly improving incident response efficiency. Notable features include Event Orchestration, which utilizes machine learning for better noise reduction and custom logic in event routing. Additionally, Rundeck is now a fully managed cloud service, and new Service Standards allow for better service management. The aim is to boost operational effectiveness in the increasingly digital business landscape.

PagerDuty, Inc. (NYSE:PD) will release its financial results for Q3 FY 2022, ending October 31, 2021, after market close on December 7, 2021. A live Zoom video call for analysts and investors will occur at 2:00 PM PT (5:00 PM ET) on the same day. Both the news release of the financial results and the video call will be available on PagerDuty's investor relations page. A replay will also be accessible post-call.