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## Analysis of PagerDuty Inc.’s Stock Performance

### By Jon Swartz
PagerDuty Inc.’s stock experienced an 11% decline in after-hours trading Thursday, following quarterly results that slightly exceeded analyst expectations but provided lackluster guidance.

### Insights from the Chief Financial Officer
Howard Wilson, the chief financial officer of PagerDuty, highlighted the strong momentum in the midmarket and enterprise sectors during the quarter. Despite facing challenges from small businesses, the company reported that 62% of its annual recurring revenue came from customers utilizing two or more of its products.

### Financial Performance
PagerDuty reported a fiscal fourth-quarter net loss of $28.8 million, compared to $25 million in the previous year. Adjusted earnings stood at 17 cents per share, with revenue increasing by 10% to $111.1 million.

### Market Expectations vs. Reality
Analysts expected an adjusted net income of 15 cents per share on revenue of $110.7 million. However, PagerDuty’s first-quarter sales guidance of $110.5 million to $112.5 million fell short of FactSet analysts’ forecast of $113.9 million.

### Impact on Stock Value
Shares of PagerDuty have decreased by 28% over the past year, in stark contrast to the S&P 500 index’s 30% surge during the same period.

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