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PagerDuty Inc (NYSE:PD) shares are trading lower in Tuesday’s after-hours session after the company reported mixed financial results for the second quarter. Here’s a rundown of the print.
Total revenue was up 7.7% year-over-year. Net cash from operations totaled $35.8 million and free cash flow came in at $33.3 million in the second quarter.
Free and paid customers totaled more than 29,000 at the quarter’s end. Total customers with annual recurring revenue over $100,000 grew 6% to 820 as of July 31.
PagerDuty ended the period with $599.3 million in cash, cash equivalents and investments.
“PagerDuty delivered a solid second quarter with revenue growth within our guidance range, a non-GAAP operating margin four points above the range, and our eighth consecutive quarter of non-GAAP profitability,” said Jennifer Tejada, chairperson and CEO of PagerDuty.
“We remain confident in ARR growth acceleration as global outages reinforce that incident management has become a CEO priority.”
Outlook: PagerDuty expects third-quarter revenue to be in the range of $115.5 million to $117.5 million versus estimates of $116.5 million. The company sees third-quarter adjusted earnings in the range of 16 cents to 17 cents per share versus estimates of 17 cents per share, per Benzinga Pro.
Management will hold a conference call at 5 p.m. ET to discuss PagerDuty’s second-quarter performance.
PD Price Action: PagerDuty shares were down 12.68% after hours at $15.97 at the time of publication Tuesday, according to Benzinga Pro.
Photo: Shutterstock.
Posted In: PD
