PagerDuty (NYSE:PD) shares fell more than 5% after-hours despite the company reporting Q2 results, with EPS of $0.19 coming in better than the consensus estimate of $0.11. Revenue grew 19.2% year-over-year to $107.6 million, beating the consensus estimate of $104.46M.
“We accelerated momentum with our new products in our enterprise customer segment, which remains both resilient and engaged. PagerDuty advanced our generative AI offerings in the quarter to include AI-generated runbooks, expanding the Operations Cloud to address our customers’ top priorities – to protect and grow revenue, reduce operating costs and mitigate risk,” said CEO Jennifer Tejada.
For Q3/24, the company expects revenue to be in the range of $106.5-$108.5M, representing a growth rate of 13%-15% year-over-year. EPS is seen at $0.13-$0.14.
For the full year, the company expects EPS in the range of $0.60-$0.65, compared to the consensus of $0.62, and revenue in the range of $426-$430M, compared to the consensus of $427M.