PagerDuty Inc.’s stock initially inched up 1% in extended trading Wednesday, then skidded, after the software company reported fiscal fourth-quarter results that beat Wall Street estimates.
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Revenue popped 29% to $59.3 million from $45.9 million a year ago. For the fiscal year, PagerDuty topped $200 million ($213.6 million), and forecast first-quarter sales of $61 million to $63 million, up 23% to 27% year-over-year.
“During fiscal 2021 we continued to see strength in the enterprise and mid-market, with total dollar-based net retention of 121% and enterprise dollar-based net retention above 125% exiting the year,” PagerDuty Chief Executive Jennifer Tejada said in a statement announcing the results.
Analysts surveyed by FactSet had expected an adjusted loss of 11 cents a share on revenue of $57.5 million.
PagerDuty’s stock has soared 174% over the past 12 months. The broader S&P 500 index SPX,
