The tailwinds that drive the business “are as strong as ever.”
Customer accounts over $1 million in value grew 55% year-over-year in fiscal Q1 2022.
PagerDuty’s strategic move in the September 2020 quarter to offer a free tier as a fully functioning platform in response to COVID has helped “enterprise and mid-market accounts … increase.” Further, the conversion rates from free to paying “has been better than [the company] expected.”
PagerDuty’s international revenue grew thirty-eight per cent in Q1 and now represents 25% of total revenue.
PagerDuty’s integrations with Zendesk and with Salesforce gives the company “access to a large population of potential users over time.”
In a conversation with the CFO, we discussed the quarterly results and growth potential moving forward.
Alicia Newman, Managing Director
Capital Market Laboratories