posted better than expected results for its first fiscal quarter, but the title lost ground at the end of Thursday’s session.
The provider of digital operations management software posted revenue for the quarter ended April 30 of $ 63.6 million, up 28% from a year ago and ahead of both the company’s guidance range of $ 61 million to $ 63 million and Street’s consensus forecast of $ 62 million. PagerDuty (ticker: PD) recorded a non-GAAP loss in the quarter of 8 cents per share, slightly better than the forecast range of a loss of 9 to 10 cents per share and Street predicts a loss of 9 cents per share. cents. Under generally accepted accounting principles, or GAAP, the company lost $ 22.6 million, or 27 cents per share.
“PagerDuty’s business is benefiting from the recovery as macroeconomic trends and the market landscape continue to evolve in our favor,” PagerDuty CEO Jennifer tejada mentionned. As communities, industries and businesses evolve into a post-pandemic world, our platform is critical infrastructure for our customers. “
For the fiscal second quarter, the company is forecasting revenue of between $ 64.5 million and $ 66.5 million, ahead of Street’s previous forecast of $ 63.8 million. The company is forecasting a non-GAAP loss of 15 cents to 16 cents per share, larger than Street’s consensus loss forecast of 9 cents per share.
For the January 2022 fiscal year, the company now reports revenues ranging from $ 267 million to $ 272 million, with a non-GAAP loss of between 36 and 42 cents per share. Previous forecast predicted revenue of between $ 264 million and $ 270 million, with a loss of between 36 and 43 cents per share.
PagerDuty shares have fallen in recent months as investors shy away from fast-growing cloud-based software providers. At the close of Thursday’s regular session, the stock was down about 2.5% year-to-date and about 30% from its February high. At the end of the session, PagerDuty lost another 3.1% to $ 30.30.
Write to Eric J. Savitz at email@example.com