The report sent PagerDuty shares down 7% in late trading. CEO and founder Jennifer Tejada remarked that the company’s “business is benefiting from recovery, as both the macro trends and market landscape continue to move in our favor.” Added Tejada, Revenue in the three months ended in April rose 28%, year over year, to $63.6 million, yielding a net loss of 8 cents a share, excluding some costs. Analysts had been modeling $62 million and a 9-cent loss per share. PagerDuty noted that its customers spending over one million dollars annually on the company’s products rose by 55%, year over year. The company’s total number of corporations using its product rose by 30% to 16,800 companies. For the current quarter, the company sees revenue of $64.5 million to $66.5 million, and a net loss in a range of 15 cents to 16 cents per share. That compares to consensus for $63.7 million and a 9-cent loss per share. For the full year, the company sees revenue in a range of $267 million to $272 million, and a net loss of 36 cents to 42 cents per share. That compares to consensus of $267.7 million and a 39-cent loss per share.
