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PagerDuty beats revenue estimates but shares fall on lowered forecast

  • PagerDuty's revenue for Q1 exceeds estimates, but shares drop due to lower forecast for upcoming quarter.
  • In Q1, PagerDuty reported adjusted earnings of 24 cents per share and revenue of $119.8 million, beating analyst expectations.
  • PagerDuty saw a 7% increase in annual recurring revenue, with 848 customers having ARR of $100,000 or more.
  • The company introduced AI enhancements and platform improvements aiming at incident management, security, and operational efficiency.

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