PagerDuty (NYSE:PD) experienced a remarkable surge of over 7% in after-hours trading

PagerDuty (NYSE:PD) experienced a remarkable surge of over 7% in after-hours trading

PagerDuty (NYSE:PD) experienced a remarkable surge of over 7% in after-hours trading Thursday following the release of its Q3 results. The company outperformed market expectations, boasting an EPS of $0.20 compared to the anticipated $0.14.

In terms of revenue, PagerDuty witnessed a robust 15.4% year-over-year growth, reaching $108.7 million, surpassing the estimated $107.7 million. Moreover, its annual recurring revenue climbed by 13% year-over-year to $438.9 million. The number of customers generating annual recurring revenue exceeding $100,000 also saw a notable uptick, rising by 10% to 778, up from 710 in the corresponding period last year.

Looking ahead to Q4/24, PagerDuty anticipates an EPS ranging between $0.14 and $0.15, surpassing the consensus projection of $0.13. Revenue projections for the same period fall between $109.5 million and $111.5 million, slightly higher than the anticipated $110.4 million.

For the entire fiscal year, PagerDuty forecasts an EPS within the range of $0.72 to $0.73, marking a notable contrast with the consensus estimate of $0.64. Revenue projections for the full year stand between $429.0 million and $431.0 million, surpassing the consensus estimate of $428.44 million.

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