PagerDuty Inc (NYSE: PD) shares are trading lower by over 10%, reflecting its soft outlook.
The company reported Q2 FY24 revenue growth of 19% Y/Y to $107.62 million, beating the consensus of $104.18 million.
Annual recurring revenue rose 17% Y/Y to $431.0 million.
As of July 31, 2023, customers with annual recurring revenue of more than $100,000 rose 12% Y/Y to 773, and the dollar-based net retention rate stood at 114%.
Total paid customers stood at 15,146 as of July 31, 2023, vs. 15,174 a year ago.
Adjusted operating income came in at $14.3 million, with an operating margin of ...