PagerDuty Inc. reported earnings that exceeded analysts’ expectations. Revenue, too, topped estimates.
The cloud computing company had a fiscal first-quarter net loss of - 38 cents a share, wider than the year-ago quarter’s net loss of -27 cents a share. The adjusted net loss for the quarter came in at -4 cents a share, narrower than analysts’ expectations of - 8 cents a share (based on FactSet estimates).
Revenue surged +34% from the year-ago quarter to a record $85.4 million, also topping analysts’ expectations of $82.7 million.
For the second-quarter, PagerDuty is anticipating an adjusted loss of -8 cents to -9 cents a share, vs. analysts’ forecast of a loss of -8 cents a share (based on FactSet estimates). The company expects revenue in the range of $87 million to $89 million (representing a growth rate of 29% to 31% year-over-year), vs. analysts’ expectations of $87.2 million.