GlobeNewswire Inc | Jun 22, 2021 02:00PM EDT

June 22, 2021

LOS ANGELES, June 22, 2021 (GLOBE NEWSWIRE) -- In a conversation with Capital Market Laboratories (CMLviz), Chief Financial Officer of PagerDuty Howard Wilson had clear messages:

-- The tailwinds that drive the business are as strong as ever. -- Customer accounts over $1 million in value grew 55% year-over-year in fiscal Q1 2022. -- PagerDutys strategic move in the September 2020 quarter to offer a free tier as a fully functioning platform in response to COVID has helped enterprise and mid-market accounts increase. Further, the conversion rates from free to paying has been better than [the company] expected. -- PagerDutys international revenue grew thirty-eight per cent in Q1 and now represents 25% of total revenue. -- PagerDutys integrations with Zendesk and with Salesforce gives the company access to a large population of potential users over time.

In a conversation with the CFO, we discussed the quarterly results and growth potential moving forward.

Read PagerDuty (PD): The freemium model is proving itself, says CFO

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Alicia Newman, Managing Director

Capital Market Laboratories

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