Wed, Sep 4, 10:05 AM (132 days ago)
For the quarter ended July 31, 2024, PagerDuty, Inc. reported total revenue of $115.9 million, a 7.7% increase from $107.6 million in the same quarter of 2023. The gross profit rose to $95.9 million, reflecting a gross margin of 82.7%, up from 81.6%. Operating expenses decreased slightly to $111.9 million, resulting in a loss from operations of $16.0 million, an improvement from a $26.2 million loss a year prior. The net loss attributable to common stockholders was $13.2 million, or $0.14 per share, compared to a $23.8 million loss, or $0.26 per share, in Q2 2023. Cash flow from operations increased significantly to $64.4 million, bolstered by improved revenue and higher interest income. As of July 31, 2024, total cash, cash equivalents, and investments stood at $599.3 million. Deferred revenue was reported at $217.9 million, indicating strong future revenue recognition potential. The company continues to navigate macroeconomic uncertainties, including inflation and geopolitical events, while focusing on expanding its enterprise customer base.