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PagerDuty PagerDuty Announces Second Quarter Fiscal 2022 Financial Results Second quarter revenue increased 33 % year - over - year to $ 68 million Nearly 18,000 companies now using PagerDuty to power their digital transformations Dollar - Based Net Retention at 126 % SAN FRANCISCO – ( BUSINESS WIRE ) - September 2 , 2021 - PagerDuty , Inc. ( NYSE : PD ) , a global leader in digital operations management , today announced financial results for the second quarter of fiscal 2022 , ended July 31 , 2021 . " Q2 was an inflection point for PagerDuty . We delivered strong financial results and demonstrated increasing market share leadership . The durability of our growth , the long term potential for our platform and the legacy we are building are clear . Our solid topline beat was driven by accelerating demand for both our new Automation offering and our comprehensive Digital Operations plan , especially in the enterprise and mid - market segments . " said Jennifer Tejada , CEO at PagerDuty . " Nearly 18,000 companies now run on our platform and as the world's greatest enterprises transform into digital leaders , PagerDuty is becoming the Operations Cloud for the modern enterprise . " Second Quarter Fiscal 2022 Financial Highlights Revenue : Total revenue was $ 67.5 million , up 33.2 % year over year . • • • Gross Margin : GAAP gross margin was 82.3 % compared to 86.9 % in the second quarter of fiscal 2021 . Non - GAAP gross margin was 84.2 % compared to 87.4 % in the second quarter of fiscal 2021 . Operating Loss : GAAP operating loss was $ 28.5 million , or GAAP operating margin of negative 42.1 % , compared to a $ 13.4 million GAAP operating loss , or GAAP operating margin of negative 26.5 % , in the second quarter of fiscal 2021. Non - GAAP operating loss was $ 9.9 million , or non - GAAP operating margin of negative 14.7 % , compared to a $ 3.2 million non - GAAP operating loss , or non - GAAP operating margin of negative 6.4 % , in the second quarter of fiscal 2021 . Net Loss : GAAP net loss was $ 29.7 million , compared to $ 14.7 million in the second quarter of fiscal 2021. GAAP net loss per share was $ 0.35 , compared to $ 0.19 in the second quarter of fiscal 2021. Non- GAAP net loss was $ 10.7 million , compared to $ 3.2 million in the second quarter of fiscal 2021. Non- GAAP net loss per share was $ 0.13 , compared to $ 0.04 in the second quarter of fiscal 2021 . Cash Flow : Net cash used in operations was $ 11.6 million , or negative 17.2 % of revenue , compared to net cash provided by operating activities of $ 2.0 million , or 4.0 % of revenue , in the second quarter of fiscal 2021. Free cash flow was negative $ 12.9 million , or negative 19.1 % of revenue , compared to $ 1.4 million , or 2.7 % of revenue , in the second quarter of fiscal 2021 . Cash and Cash Equivalents and Current Investments were $ 546.8 million as of July 31 , 2021 . The section titled " Non - GAAP Financial Measures ” below contains a description of the non - GAAP financial measures and reconciliations between historical GAAP and non - GAAP information .