Published on 30 Nov 2023 on GuruFocus.com via Yahoo Finance

PagerDuty Inc (PD) Reports Revenue Growth and Non-GAAP Income in Q3 Fiscal 2024

Third quarter revenue increased by 15% year-over-year to $108.7 million.Non-GAAP operating income reached $15.0 million with a non-GAAP operating margin of 13.8%.GAAP operating loss stood at $20.8 million, while non-GAAP net income per diluted share was $0.20.PagerDuty Inc (NYSE:PD) ended the quarter with $575.3 million in cash, cash equivalents, and current investments.

Warning! GuruFocus has detected 3 Warning Sign with PD.

On November 30, 2023, PagerDuty Inc (NYSE:PD) released its 8-K filing, announcing its financial results for the third quarter of fiscal 2024, which ended on October 31, 2023. The company reported a 15% increase in revenue year-over-year, reaching $108.7 million, surpassing its own guidance ranges. Despite a GAAP operating loss of $20.8 million, the company achieved a non-GAAP operating income of $15.0 million, reflecting a non-GAAP operating margin of 13.8%.