Topic: How To Invest

Power Growth Investor Hotline – Friday, June 9, 2023

Article Excerpt

PAGERDUTY INC., $22.10, is a buy. The company (symbol PD on New York) operates a platform that collect real-time data from software systems and devices and then notifies its IT customers of any incident that could harm their operations. PagerDuty’s platform sits on top of a company’s technology systems, taking in data. As it receives the data, it then uses analytics and artificial intelligence (AI) to “learn on the go” and prevent adverse events from recurring. The company’s software platform aims to help clients take action in real time to save lost revenue and retain their customers while limiting damage to their brands and reputations. For the three months ended April 30, 2023, revenue rose 20.9%, to $103.2 million from $85.4 million a year earlier. Sales were higher due to the addition of new customers. As well, many of the company’s existing customers increased their spending on PagerDuty services. Excluding one-time items, PagerDuty made $0.20 a share. That’s compared to its year-earlier loss…