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PagerDuty PagerDuty Announces Third Quarter Fiscal 2022 Financial Results Third quarter revenue increased 33 % year - over - year to $ 72 million Third quarter GAAP operating loss of $ 24.8 million , non - GAAP operating loss of $ 5.0 million SAN FRANCISCO -- ( BUSINESS WIRE ) -- PagerDuty , Inc. ( NYSE : PD ) , a leader in digital operations management , today announced financial results for the third quarter of fiscal 2022 , ended October 31 , 2021 . " Q3 was an outstanding quarter for PagerDuty as we delivered record revenue of $ 72 million and grew 33 % year over year . Our product innovation continues to accelerate across use cases and departments as we empower enterprises to mature their digital operations and deliver superior customer experiences , " said Jennifer Tejada , Chairperson and CEO at PagerDuty . " PagerDuty's platform converges Incident Response , AIOps , Automation and now Customer Service Operations to deliver rapid ROI and customer trust , building on a strong foundation of digital infrastructure to become the Operations Cloud for the modern enterprise . " Third Quarter Fiscal 2022 Financial Highlights • Revenue was $ 71.8 million , an increase of 33.5 % year over year . • GAAP operating loss was $ 24.8 million ; GAAP operating margin of negative 34.6 % . • Non - GAAP operating loss was $ 5.0 million ; non - GAAP operating margin of negative 7.0 % . • GAAP net loss per share was $ 0.31 ; non - GAAP net loss per share was $ 0.07 . • Operating cash flow was $ 2.7 million , with free cash flow of $ 1.8 million . • Cash , cash equivalents and current investments were $ 545.3 million as of October 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 . Third Quarter and Recent Highlights • Total paid customers of 14,486 as of October 31 , 2021 , compared to 13,725 in the year ago period . • Customers with annual recurring revenue ( " ARR " ) over $ 100,000 was 543 as of October 31 , 2021 , compared to 401 in the year ago period . • Land and Expand : PagerDuty's go to market engine continues to bring in new customers and expand with current customers including Albertsons , Cox Automotive , Cuscal ( the largest independent provider of payments solutions for the Australian financial services sector ) , Guidewire , Hopin , Lululemon Athletica , Saviynt , Shopify , and Truist Financial . • Dollar - based net retention rate of 124 % as of October 31 , 2021 , compared to 119 % in the year ago period . • International revenue of 24 % of revenue as of October 31 , 2021 , consistent with the year ago period . • Announced a series of fall product releases to enhance the PagerDuty Operations Cloud . • Announced an update to PagerDuty for Salesforce Service Cloud . • Announced new integrations to Datadog : Status Dashboard by Pager Duty and Incidents by PagerDuty . • Announced plans to establish a cross - functional hub of innovation and development in Lisbon , Portugal . • Featured case studies : Guidewire and SPS Commerce . Financial Outlook For the fourth quarter of fiscal 2022 , PagerDuty currently expects : • Total revenue of $ 75.5 million - $ 76.5 million , representing a growth rate of 27 % -29 % year over year • Non - GAAP net loss per share of $ 0.06 - $ 0.05 assuming approximately 86 million shares For the full fiscal year 2022 , PagerDuty currently expects : • Total revenue of $ 278.5 million - $ 279.5 million , representing a growth rate of 30 % - 31 % year over year • Non - GAAP net loss per share of $ 0.34 - $ 0.33 assuming approximately 84 million shares These statements are forward - looking and actual results may differ materially . Please refer to the Forward - Looking Statements section below for information on the factors that could cause our actual results to differ materially from these forward - looking statements . PagerDuty has not reconciled its expectations as to non - GAAP net loss per share to GAAP net loss per share because certain items are out of its control or cannot be reasonably predicted . Accordingly , a reconciliation for forward - looking non - GAAP net loss per share is not available without unreasonable effort .