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Stock impact report

Software Development Stocks Q4 Recap: Benchmarking PagerDuty (NYSE:PD) [Yahoo! Finance]

PagerDuty, Inc. (PD) 
Last pagerduty, inc. earnings: 3/18 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
As legendary VC investor Marc Andreessen says, "Software is eating the world", and it touches virtually every industry. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. The 11 software development stocks we track reported a mixed Q4. As a group, revenues beat analysts' consensus estimates by 2.4% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 24.8% since the latest earnings results. Started by three former Amazon engineers, PagerDuty (NYSE:PD) is a software-as-a-service platform that helps companies respond to IT incidents fast and make sure that any downtime is minimized. PagerDuty reported revenues of $121.4 million, up 9.3% year on year. This print exceeded analysts' expectations by 1.4%. Despite the to Show less Read more
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