Shares of digital operations management company PagerDuty (PD) fell nearly 10% on Friday after the company reported a fiscal second-quarter loss narrower than analysts' forecasts but revenue that missed.
The San Francisco-based company posted a non-GAAP loss of $5.3 million, or 7 cents a share, vs. a loss of $3.8 million, or 18 cents a share, in the comparable year-ago quarter. Analysts polled by FactSet had been expecting a loss of 10 cents a share.
Revenue for the quarter was $40.4 million, up 45% year over year but still shy of analysts' forecasts of $41.6 million.
"This was our first $40 million quarter and a record quarter for growth in accounts investing over $100,000," CEO Jennifer Tejada said in a statement.
For fiscal 2020, PagerDuty said it expects to post a non-GAAP per-share loss of between 36 cents and 37 cents on revenue of between $162 million and $164 million, in line with analysts' current forecasts.
PagerDuty, which sells software that allows IT workers to monitor systems, went public in April at $24 a share. The stock was down a little more than 9%, or $3.37 a share, at $33.53 in trading Friday on the New York Stock Exchange.