Cloud Stocks: The Key to PagerDutyâs API Strategy>
Sramana Mitra’s Blog
According to an Allied Market Research report, the global DevOps market is estimated to grow at 19% CAGR to $9.4 billion by 2023. San Francisco-based PagerDuty (NYSE: PD) recently announced its results that impressed the market. The company is counting on expanding its integration with Amazon and other tech services providers to gain a bigger share in the market.

Revenues for the third quarter grew 26% to $54 million, compared with the marketâs forecast of $52.5 million. GAAP net loss was $20.6 million or $0.26 per share, compared with a loss of $15.3 million or $0.20 per share a year ago. On an adjusted basis, loss was $0.09 per share compared with the marketâs forecast of a loss of $0.10 per share.

Among key metrics, it had 13,725 customers at the end of October 2020 with new names like Belcorp, Chanel, CRED, LegalZoom, Lego and MSCI joining its customer portfolio.

PagerDuty forecast revenues of $57-$58 million with an adjusted loss of $0.12-$0.11 a share for the fourth quarter and revenues of $211-$212 million with an adjusted loss of $0.30-$0.29 a share for the year. Analysts had forecast revenues of $55.27 million with a loss of $0.10 a share for the fourth quarter and revenues of $208.44 million with a loss of $0.29 per share for the year.

By leveraging Amazon DevOps Guruâs ML-enabled app health information, PagerDuty will be able to provide real-time signal-to-resolution capabilities to the customers. Customers will have the ability to seamlessly identify and act on operational issues faster, thus solving them before they result in outages.
Link: https://www.sramanamitra.com/2021/01/08/cloud-stocks-the-key-to-pagerdutys-api-strategy/