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PagerDuty’s stock falls despite earnings beat, as these factors weigh on outlook - MarketWatch

Sep 3, 2024, 4:36 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

PagerDuty expects improved earnings but slower deal closures. Revenue outlook lowered to $463-$467 million for the fiscal year. CFO highlights optimism despite headwinds from small businesses. Revenue rose 7.7% year-over-year to $115.9 million in Q2.

  • PagerDuty expects improved earnings but slower deal closures.
  • Revenue outlook lowered to $463-$467 million for the fiscal year.
  • CFO highlights optimism despite headwinds from small businesses.
  • Revenue rose 7.7% year-over-year to $115.9 million in Q2.

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