Pagerduty Inc (NYSE:PD) stock rose 8.60% (As on Dec 8, 10:57:59 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the third quarter of FY 22. Total paid customers of 14,486 as of October 31, 2021, compared to 13,725 in the year ago period. The customers with annual recurring revenue (“ARR”) over $100,000 was 543 as of October 31, 2021, compared to 401 in the year ago period. 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. The dollar-based net retention rate was of 124% as of October 31, 2021, compared to 119% in the year ago period. International revenue was of 24% of revenue as of October 31, 2021, consistent with the year ago period. The company delivered Non-GAAP operating loss of $5.0 million with non-GAAP operating margin of negative 7.0%. The company generated Operating cash flow of $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.

PD in the third quarter of FY 22 has reported the adjusted loss per share of 7 cents, beating the analysts’ estimates for the adjusted loss per share of 9 cents, according to analysts surveyed by Zacks Investment Research. The company had reported the adjusted revenue growth of 33.5 percent to $71.8 million in the third quarter of FY 22, beating the analysts’ estimates for revenue of $70.1 million.

For the fourth quarter ending in January, PagerDuty expects its results to range from a loss of 6 cents per share to a loss of 5 cents per share. The company expects revenue to be in the range of $75.5 million to $76.5 million for the fiscal fourth quarter.

PagerDuty expects full-year results to range from a loss of 34 cents per share to a loss of 33 cents per share, with revenue ranging from $278.5 million to $279.5 million.

Meanwhile, the company has announced a series of fall product releases to enhance the PagerDuty Operations Cloud. The company has announced an update to PagerDuty for Salesforce Service Cloud. the company has announced new integrations to Datadog: Status Dashboard by Pager Duty and Incidents by PagerDuty.