PagerDuty reports Q2 revenue slightly below expectations, prompting stock drop.
PagerDuty's Q2 results showed revenue of $115.9 million, slightly below analysts' expectations, despite a 7.7% year-over-year growth and eight consecutive quarters of non-GAAP profitability. Following this announcement, shares fell in after-hours trading. For Q3, PagerDuty anticipates revenue between $115.5 million and $117.5 million and adjusted earnings per share of 16 to 17 cents. Analysts generally maintain a Hold rating on the stock.
September 03, 2024
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