PagerDuty stock falls 5% despite Q2 beat

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“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.