PagerDuty Reports Q1 Beat, Raises 2023 Guidance

PagerDuty, Inc. (NYSE:PD) reported its Q1 earnings results, with EPS coming in at ($0.04), better than the Street estimate of ($0.08). Revenue came in at $85.4 million, beating the Street estimate of $82.58 million.
Billings growth of 38% was also ahead of expectations. While Q2/23 revenue/EPS guidance was largely in-line, management raised 2023 guidance and remains confident in its ability to achieve profitability in Q4/23 and 2024.
Full 2023-year EPS is expected to be in the range of ($0.21)-($0.17), compared to the Street estimate of ($0.20), and revenue in the range of $364-369 million, compared to the Street estimate of $362 million.

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