The widely followed growth investor made big moves as May came to a close.
PagerDuty (PD) delivered earnings and revenue surprises of 30.77% and 0.51%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock?
PagerDuty posted mixed results for its latest quarter, though billings were better than expected. PagerDuty also announced a $100 million stock repurchase program, the company’s first. In an interview with Barron’s, PagerDuty CFO Howard Wilson noted that annual recurring revenue in the quarter stabilized at 10%.