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Telecom users get better quality of service as they pay morePerimeter Provides Update on Canada Postal Strike and Mailing of the Company's 2024 Annual General Meeting MaterialsOTTAWA — The federal government has introduced a stand-alone bill to implement the proposed GST holiday, hours after the NDP threatened to not pass the legislation if it was linked to a $250 rebate for working Canadians. The bill would give people a two-month GST exemption on items like premade food at grocery stores, children's clothes, toys, some alcoholic beverages and other holiday season staples. The Liberals had planned to also include legislation that would offer $250 benefit cheques for people who earned a working income up to $150,000 last year. Earlier today, NDP Leader Jagmeet Singh said his party would only support legislation to implement the GST break. He said the rebate plan needs to be fixed to include fully retired seniors and people who rely on disability benefits. The bill to implement the GST break is now expected to come to a vote on Thursday. This report by The Canadian Press was first published Nov. 27, 2024. David Baxter, The Canadian Press

SAN FRANCISCO--(BUSINESS WIRE)--Nov 26, 2024-- PagerDuty, Inc. (NYSE:PD), a leader in digital operations management, today announced financial results for the third quarter of fiscal 2025, ended October 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241126811639/en/ (Graphic: Business Wire) “PagerDuty delivered a solid quarter with revenue and non-GAAP operating income results well above third quarter guidance ranges with annual recurring revenue increasing to $483 million, growing 10% year-over-year,” said Chairperson and CEO, Jennifer Tejada. “Consistent performance over the past four quarters has led to stabilization across all business segments, and along with improving leading indicators, positions the business on a strong upward trajectory.” Third Quarter Fiscal 2025 Financial Highlights Revenue was $118.9 million, an increase of 9.4% year over year. Loss from operations was $10.3 million; operating margin was negative 8.7%. Non-GAAP operating income was $25.0 million; non-GAAP operating margin was 21.0%. Net loss per share attributable to PagerDuty, Inc. common stockholders was $0.07. Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders was $0.25. Net cash provided by operating activities was $22.1 million, with free cash flow of $19.4 million. Cash, cash equivalents, and investments were $542.2 million as of October 31, 2024. The section titled “Non-GAAP Financial Measures” below contains a description of the non-GAAP financial measures and reconciliations between GAAP and non-GAAP financial information. Third Quarter and Recent Highlights Customers with annual recurring revenue over $100 thousand grew 6% to 825 as of October 31, 2024, compared to 778 a year ago. Dollar-based net retention rate was 107% as of October 31, 2024, compared to 110% a year ago. Free and paid customers totaled more than 30,000 as of October 31, 2024, representing approximately 11% growth year over year. Total paid customers were 15,050 as of October 31, 2024, compared to 15,049 a year ago. Remaining performance obligations were $405 million as of October 31, 2024. Of this amount, the Company expects to recognize revenue of approximately $278 million, or 69%, over the next 12 months with the balance to be recognized as revenue thereafter. (1) Lands and expands include: Alphonso Inc,, CFP Energy Limited, Cloudflare, Infosys, NVIDIA Corporation, Waste Management Inc., and Zscaler. Announced Jennifer Tejada as guest speaker during the 2024 AWS re:Invent keynote. Introduced enterprise-grade, AI-powered innovations. Released Total Economic Impact Study revealing a 249% return on investment over three years using the PagerDuty Operations Cloud. Recognized as a Leader in 2024 GigaOm Radar for AIOps. Showcased PagerDuty customer - Anaplan. Recognized by Fortune's Best Workplaces as one of the top 25 companies for women in their small and medium designation. (1) Beginning in the first quarter of fiscal 2025, the Company began to include contracts with an original term of less than 12 months in this disclosure which comprised $116 million of remaining non-cancelable performance obligations as of October 31, 2024. Financial Outlook For the fourth quarter of fiscal 2025, PagerDuty currently expects: Total revenue of $118.5 million - $120.5 million, representing a growth rate of 7% - 8% year over year. Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders of $0.15 - $0.16 assuming approximately 93 million diluted shares and a non-GAAP tax rate of 23%. For the full fiscal year 2025, PagerDuty currently expects: Total revenue of $464.5 million - $466.5 million (compared to the previous guidance of $463.0 million - $467.0 million), representing a growth rate of 8% year over year. Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders of $0.78 - $0.79 (up from $0.67 - $0.72) assuming approximately 95 million diluted shares and a non-GAAP tax rate of 23%. These statements are forward-looking and actual results may differ materially. Please refer to the section titled "Forward-Looking Statements" below for information on the factors that could cause our actual results to differ materially from these forward-looking statements. PagerDuty has not reconciled forward-looking net loss per share attributable to PagerDuty, Inc. common stock holders to forward-looking non-GAAP net income per share attributable to PagerDuty, Inc. common stockholders because certain items are out of PagerDuty's control or cannot be reasonably predicted. Accordingly, such reconciliation is not available without unreasonable effort. Conference Call Information PagerDuty will host a conference call and live webcast (Zoom meeting ID 975 4160 6140) for analysts and investors at 2:00 p.m. Pacific Time on November 26, 2024. For audio only, the dial-in number 1-312-626-6799 may be used. This news release with the financial results will be accessible from PagerDuty’s website at investor.pagerduty.com prior to the conference call. A live webcast of the conference call will be accessible from the PagerDuty investor relations website at investor.pagerduty.com . Supplemental Financial and Other Information Supplemental financial and other information can be accessed through PagerDuty’s investor relations website at investor.pagerduty.com . PagerDuty uses the investor relations section on its website as the means of complying with its disclosure obligations under Regulation FD. Accordingly, we recommend that investors monitor PagerDuty’s investor relations website in addition to following PagerDuty’s press releases, SEC filings, social media, including PagerDuty’s LinkedIn account ( https://www.linkedin.com/company/482819 ), X (formerly Twitter) account @pagerduty, the X account @jenntejada and Facebook page (facebook.com/pagerduty), and public conference calls and webcasts. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our future financial performance and outlook, and market positioning. Words such as “expect,” “extend,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “accelerate,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks and other factors detailed in our Annual Report on Form 10-K/A filed with the Securities and Exchange Commission (SEC) on March 18, 2024. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2024 and other filings and reports that we may file from time to time with the SEC. In particular, the following risks and uncertainties, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: the effect of unfavorable conditions in our industry or the global economy, or reductions in information technology spending on our business and results of operations; our ability to achieve and maintain future profitability; our ability to attract new customers and retain and sell additional functionality and services to our existing customers; our ability to sustain and manage our growth; our dependence on revenue from a single product; our ability to compete effectively in an increasingly competitive market; and general global market, political, economic, and business conditions. Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. About PagerDuty, Inc. PagerDuty, Inc. (NYSE:PD) is a global leader in digital operations management, enabling customers to achieve operational efficiency at scale with the PagerDuty Operations Cloud. The PagerDuty Operations Cloud combines AIOps, Automation, Customer Service Operations and Incident Management with a powerful generative AI assistant to create a flexible, resilient and scalable platform to increase innovation velocity, grow revenue, reduce cost, and mitigate the risk of operational failure. Half of the Fortune 500 and nearly 70% of the Fortune 100 rely on PagerDuty as essential infrastructure for the modern enterprise. To learn more and try PagerDuty for free, visit www.pagerduty.com . The PagerDuty Operations Cloud The PagerDuty Operations Cloud is the platform for mission-critical, time-critical operations work in the modern enterprise. Through the power of AI and automation, it detects and diagnoses disruptive events, mobilizes the right team members to respond, and streamlines infrastructure and workflows across your digital operations. The Operations Cloud is essential infrastructure for revolutionizing digital operations to compete and win as a modern digital business. PAGERDUTY, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Revenue $ 118,946 $ 108,720 $ 346,053 $ 319,582 Cost of revenue (1) 20,268 19,705 59,691 57,474 Gross profit 98,678 89,015 286,362 262,108 Operating expenses: Research and development (1) 34,267 34,272 106,878 104,221 Sales and marketing (1) 49,272 49,630 148,737 143,155 General and administrative (1) 25,432 25,955 78,800 77,547 Total operating expenses 108,971 109,857 334,415 324,923 Loss from operations (10,293 ) (20,842 ) (48,053 ) (62,815 ) Interest income (2) 6,912 6,029 21,408 15,242 Interest expense (2,377 ) (1,454 ) (6,888 ) (4,184 ) Gain on partial extinguishment of convertible senior notes — 3,970 — 3,970 Other income (expense), net (2) 346 (834 ) 212 (960 ) Loss before (provision for) benefit from income taxes (5,412 ) (13,131 ) (33,321 ) (48,747 ) (Provision for) benefit from income taxes (715 ) 41 (1,335 ) 197 Net loss $ (6,127 ) $ (13,090 ) $ (34,656 ) $ (48,550 ) Net loss attributable to redeemable non-controlling interest (203 ) (324 ) (681 ) (1,513 ) Net loss attributable to PagerDuty, Inc. $ (5,924 ) $ (12,766 ) $ (33,975 ) $ (47,037 ) Less: Adjustment attributable to redeemable non-controlling interest 634 2,359 9,881 4,088 Net loss attributable to PagerDuty, Inc. common stockholders $ (6,558 ) $ (15,125 ) $ (43,856 ) $ (51,125 ) Weighted average shares used in calculating net loss per share, basic and diluted 91,438 93,104 92,530 92,257 Net loss per share, basic and diluted, attributable to PagerDuty, Inc. common stockholders $ (0.07 ) $ (0.16 ) $ (0.47 ) $ (0.55 ) (1) Includes stock-based compensation expense as follows: Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Cost of revenue $ 1,432 $ 1,820 $ 4,696 $ 5,860 Research and development 11,576 11,128 34,640 34,002 Sales and marketing 7,639 8,094 23,702 22,362 General and administrative 11,126 10,786 34,041 32,686 Total $ 31,773 $ 31,828 $ 97,079 $ 94,910 (2) Includes a reclassification for the three and nine months ended October 31, 2023 for a portion of other income to the interest income line item to conform to current period presentation. PAGERDUTY, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 326,440 $ 363,011 Investments 215,722 208,178 Accounts receivable, net of allowance for credit losses of $803 and $1,382 as of October 31, 2024 and January 31, 2024, respectively 75,182 100,413 Deferred contract costs, current 19,632 19,502 Prepaid expenses and other current assets 17,157 12,094 Total current assets 654,133 703,198 Property and equipment, net 19,573 17,632 Deferred contract costs, non-current 24,167 25,118 Lease right-of-use assets 2,436 3,789 Goodwill 137,401 137,401 Intangible assets, net 23,698 32,616 Other assets 5,346 5,552 Total assets $ 866,754 $ 925,306 Liabilities, redeemable non-controlling interest, and stockholders’ equity Current liabilities: Accounts payable $ 7,116 $ 6,242 Accrued expenses and other current liabilities 15,801 15,472 Accrued compensation 34,474 30,239 Deferred revenue, current 214,058 223,522 Lease liabilities, current 3,550 6,180 Convertible senior notes, net, current 57,332 — Total current liabilities 332,331 281,655 Convertible senior notes, net, non-current 392,697 448,030 Deferred revenue, non-current 2,659 4,639 Lease liabilities, non-current 6,119 6,809 Other liabilities 4,859 5,280 Total liabilities 738,665 746,413 Redeemable non-controlling interest 16,493 7,293 Stockholders' equity Common stock — — Additional paid-in capital 699,633 774,768 Accumulated other comprehensive loss (502 ) (733 ) Accumulated deficit (586,410 ) (552,435 ) Treasury stock (1,125 ) (50,000 ) Total stockholders’ equity 111,596 171,600 Total liabilities, redeemable non-controlling interest, and stockholders' equity $ 866,754 $ 925,306 PAGERDUTY, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Cash flows from operating activities: Net loss attributable to PagerDuty, Inc. common stockholders $ (6,558 ) $ (15,125 ) $ (43,856 ) $ (51,125 ) Net loss and adjustment attributable to redeemable non-controlling interest 431 2,035 9,200 2,575 Net loss (6,127 ) (13,090 ) (34,656 ) (48,550 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 5,071 5,025 15,526 15,016 Amortization of deferred contract costs 5,555 5,123 16,261 15,286 Amortization of debt issuance costs 671 523 1,950 1,456 Gain on extinguishment of convertible senior notes — (3,970 ) — (3,970 ) Stock-based compensation 31,773 31,828 97,079 94,910 Non-cash lease expense 903 1,106 2,538 3,425 Other (1,387 ) (1,524 ) (3,852 ) (1,426 ) Changes in operating assets and liabilities: Accounts receivable (8,406 ) (5,420 ) 24,751 18,983 Deferred contract costs (5,311 ) (5,520 ) (15,441 ) (12,285 ) Prepaid expenses and other assets (2,217 ) (1,289 ) (5,079 ) (2,674 ) Accounts payable (176 ) (757 ) 603 (1,002 ) Accrued expenses and other liabilities (473 ) 781 (1,302 ) 767 Accrued compensation 4,823 5,706 4,002 (13,086 ) Deferred revenue (1,070 ) (119 ) (11,386 ) (12,547 ) Lease liabilities (1,556 ) (1,486 ) (4,505 ) (4,484 ) Net cash provided by operating activities 22,073 16,917 86,489 49,819 Cash flows from investing activities: Purchases of property and equipment (552 ) (245 ) (1,646 ) (1,193 ) Capitalized internal-use software costs (2,078 ) (1,441 ) (5,019 ) (3,812 ) Purchases of available-for-sale investments (54,721 ) (43,927 ) (153,121 ) (151,984 ) Proceeds from maturities of available-for-sale investments 54,250 56,500 147,827 164,064 Proceeds from sales of available-for-sale investments — — 2,237 — Purchases of non-marketable equity investments — — — (200 ) Net cash (used in) provided by investing activities (3,101 ) 10,887 (9,722 ) 6,875 Cash flows from financing activities: Proceeds from issuance of convertible senior notes, net of issuance costs — 391,543 (403 ) 391,543 Purchases of capped calls related to convertible senior notes — (55,102 ) — (55,102 ) Repurchases of convertible senior notes — (223,471 ) — (223,471 ) Investment from redeemable non-controlling interest holder — — — 1,781 Repurchases of common stock (70,310 ) (50,000 ) (97,523 ) (50,000 ) Proceeds from employee stock purchase plan — — 5,735 6,292 Proceeds from issuance of common stock upon exercise of stock options 723 973 1,527 8,390 Employee payroll taxes paid related to net share settlement of restricted stock units (8,531 ) (9,786 ) (22,659 ) (25,772 ) Net cash (used in) provided by financing activities (78,118 ) 54,157 (113,323 ) 53,661 Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash (86 ) (177 ) (109 ) (451 ) Net change in cash, cash equivalents, and restricted cash (59,232 ) 81,784 (36,665 ) 109,904 Cash, cash equivalents, and restricted cash at beginning of period 389,234 302,139 366,667 274,019 Cash, cash equivalents, and restricted cash at end of period $ 330,002 $ 383,923 $ 330,002 $ 383,923 Non-GAAP Financial Measures This press release and the accompanying tables contain the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP research and development, non-GAAP sales and marketing, non-GAAP general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income attributable to PagerDuty, Inc. common stockholders, non-GAAP net income per share attributable to PagerDuty, Inc. common stockholders, free cash flow, and free cash flow margin. PagerDuty believes that non-GAAP financial measures, when taken collectively, may be helpful to investors because they provide consistency and comparability with past financial performance and can assist in comparisons with other companies, some of which use similar non-GAAP financial measures to supplement their GAAP results. The non-GAAP financial information is presented for supplemental informational purposes only, should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly-titled non-GAAP measures used by other companies. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in PagerDuty’s financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by PagerDuty’s management about which expenses and income are excluded or included in determining these non-GAAP financial measures. A reconciliation is provided below for each historical non-GAAP financial measure to the most directly comparable financial measure presented in accordance with GAAP. Specifically, PagerDuty excludes the following from its historical and prospective non-GAAP financial measures, as applicable: Stock-based compensation: PagerDuty utilizes stock-based compensation to attract and retain employees. It is principally aimed at aligning their interests with those of its stockholders and at long-term retention, rather than to address operational performance for any particular period. As a result, stock-based compensation expenses vary for reasons that are generally unrelated to financial and operational performance in any particular period. Employer taxes related to employee stock transactions: PagerDuty views the amount of employer taxes related to its employee stock transactions as an expense that is dependent on its stock price, employee exercise and other award disposition activity, and other factors that are beyond PagerDuty’s control. As a result, employer taxes related to employee stock transactions vary for reasons that are generally unrelated to financial and operational performance in any particular period. Amortization of acquired intangible assets: PagerDuty views amortization of acquired intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are evaluated for impairment regularly, amortization of the cost of purchased intangibles is an expense that is not typically affected by operations during any particular period. Acquisition-related expenses: PagerDuty views acquisition-related expenses, such as transaction costs, acquisition-related retention payments, and acquisition-related asset impairment, as events that are not necessarily reflective of operational performance during a period. In particular, PagerDuty believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses. Amortization of debt issuance costs: The imputed interest rates of the Company's convertible senior notes (the "2025 Notes" and the "2028 Notes" or, collectively, the "Notes") was approximately 1.91% for the 2025 Notes and 2.13% for the 2028 Notes. This is a result of the debt issuance costs, which reduce the carrying value of the convertible debt instruments. The debt issuance costs are amortized as interest expense. The expense for the amortization of the debt issuance costs is a non-cash item, and we believe the exclusion of this interest expense will provide for a more useful comparison of our operational performance in different periods. Restructuring costs: PagerDuty views restructuring costs, such as employee severance-related costs and real estate impairment costs, as events that are not necessarily reflective of operational performance during a period. In particular, PagerDuty believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses. Gains (or losses) on partial extinguishment of convertible senior notes: PagerDuty views gains (or losses) on partial extinguishment of debt as events that are not necessarily reflective of operational performance during a period. PagerDuty believes that the consideration of measures that exclude such gain (or loss) impact can assist in the comparison of operational performance in different periods which may or may not include such gains (or losses). Adjustment attributable to redeemable non-controlling interest: PagerDuty adjusts the value of redeemable non-controlling interest of its joint venture PagerDuty K.K. according to the operating agreement. PagerDuty believes this adjustment is not reflective of operational performance during a period and exclusion of such adjustments can assist in comparison of operational performance in different periods. Income tax effects and adjustments: Based on PagerDuty's financial outlook for fiscal 2025, PagerDuty is utilizing a projected non-GAAP tax rate of 23% in order to provide better consistency across the interim reporting periods by eliminating the impact of non-recurring and period specific items, which can vary in size and frequency. PagerDuty's estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that PagerDuty believes materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses and other significant events. Non-GAAP gross profit and non-GAAP gross margin We define non-GAAP gross profit as gross profit excluding the following expenses typically included in cost of revenue: stock-based compensation expense, employer taxes related to employee stock transactions, amortization of acquired intangible assets, and restructuring costs. We define non-GAAP gross margin as non-GAAP gross profit as a percentage of revenue. Non-GAAP operating expenses We define non-GAAP operating expenses as operating expenses excluding stock-based compensation expense, employer taxes related to employee stock transactions, amortization of acquired intangible assets, acquisition-related expenses, which include transaction costs, acquisition-related retention payments, and asset impairment, and restructuring costs which are not necessarily reflective of operational performance during a given period. Non-GAAP operating income and non-GAAP operating margin We define non-GAAP operating income as loss from operations excluding stock-based compensation expense, employer taxes related to employee stock transactions, amortization of acquired intangible assets, acquisition-related expenses, which include transaction costs, acquisition-related retention payments, and asset impairment, and restructuring costs which are not necessarily reflective of operational performance during a given period. We define non-GAAP operating margin as non-GAAP operating income as a percentage of revenue. Non-GAAP net income attributable to PagerDuty, Inc. common stockholders We define non-GAAP net income attributable to PagerDuty, Inc. common stockholders as net loss attributable to PagerDuty, Inc. common stockholders excluding stock-based compensation expense, employer taxes related to employee stock transactions, amortization of debt issuance costs, amortization of acquired intangible assets, acquisition-related expenses, which include transaction costs, acquisition-related retention payments and asset impairment, restructuring costs, adjustment attributable to redeemable non-controlling interest, and income tax adjustments, which are not necessarily reflective of operational performance during a given period. Non-GAAP net income per share, basic and diluted We define non-GAAP net income per share, basic as non-GAAP net income attributable to PagerDuty, Inc. common stockholders divided by weighted average shares outstanding at the end of the reporting period. We define non-GAAP net income per share, diluted as non-GAAP net income attributable to PagerDuty, Inc. common stockholders divided by weighted average diluted shares outstanding at the end of the reporting period. Free cash flow and free cash flow margin We define free cash flow as net cash provided by operating activities, less cash used for purchases of property and equipment and capitalization of internal-use software costs. We define free cash flow margin as free cash flow as a percentage of revenue. In addition to the reasons stated above, we believe that free cash flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash in excess of our capital investments in property and equipment in order to enhance the strength of our balance sheet and further invest in our business and potential strategic initiatives. A limitation of the utility of free cash flow as a measure of our liquidity is that it does not represent the total increase or decrease in our cash balance for the period. We use free cash flow in conjunction with traditional U.S. GAAP measures as part of our overall assessment of our liquidity, including the preparation of our annual operating budget and quarterly forecasts and to evaluate the effectiveness of our business strategies. There are a number of limitations related to the use of free cash flow as compared to net cash provided by operating activities, including that free cash flow includes capital expenditures, the benefits of which are realized in periods subsequent to those when expenditures are made. PagerDuty encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate PagerDuty’s business. Please see the reconciliation tables at the end of this release for the reconciliation of non-GAAP financial measures to their most-comparable GAAP financial measures. PAGERDUTY, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (in thousands, except percentages and per share data) (unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Non-GAAP gross profit and non-GAAP gross margin Gross profit $ 98,678 $ 89,015 $ 286,362 $ 262,108 Add: Stock-based compensation 1,432 1,820 4,696 5,860 Employer taxes related to employee stock transactions 29 21 112 138 Amortization of acquired intangible assets 2,200 2,087 6,875 6,260 Restructuring costs — — (2 ) 137 Non-GAAP gross profit $ 102,339 $ 92,943 $ 298,043 $ 274,503 Revenue $ 118,946 $ 108,720 $ 346,053 $ 319,582 Gross Margin 83.0 % 81.9 % 82.8 % 82.0 % Non-GAAP gross margin 86.0 % 85.5 % 86.1 % 85.9 % Non-GAAP operating expenses Research and development $ 34,267 $ 34,272 $ 106,878 $ 104,221 Less: Stock-based compensation 11,576 11,128 34,640 34,002 Employer taxes related to employee stock transactions 173 210 691 930 Acquisition-related expenses 227 161 750 484 Amortization of acquired intangible assets — 88 116 262 Restructuring costs — — (2 ) (5 ) Non-GAAP research and development $ 22,291 $ 22,685 $ 70,683 $ 68,548 Sales and marketing $ 49,272 $ 49,630 $ 148,737 $ 143,155 Less: Stock-based compensation 7,639 8,094 23,702 22,362 Employer taxes related to employee stock transactions 128 39 463 589 Amortization of acquired intangible assets 632 610 1,897 1,830 Restructuring costs — (1 ) (10 ) (49 ) Non-GAAP sales and marketing $ 40,873 $ 40,888 $ 122,685 $ 118,423 General and administrative $ 25,432 $ 25,955 $ 78,800 $ 77,547 Less: Stock-based compensation 11,126 10,786 34,041 32,686 Employer taxes related to employee stock transactions 122 145 463 658 Acquisition-related expenses — 530 (1 ) 530 Amortization of acquired intangible assets — 21 29 65 Restructuring costs — 133 24 1,451 Non-GAAP general and administrative $ 14,184 $ 14,340 $ 44,244 $ 42,157 Note: Certain figures may not sum due to rounding. PAGERDUTY, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (continued) (in thousands, except percentages and per share data) (unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Non-GAAP operating income and non-GAAP operating margin Loss from operations $ (10,293 ) $ (20,842 ) $ (48,053 ) $ (62,815 ) Add: Stock-based compensation 31,773 31,828 97,079 94,910 Employer taxes related to employee stock transactions 452 415 1,729 2,315 Amortization of acquired intangible assets 2,832 2,806 8,917 8,417 Acquisition-related expenses 227 691 749 1,014 Restructuring costs — 132 10 1,534 Non-GAAP operating income $ 24,991 $ 15,030 $ 60,431 $ 45,375 Revenue $ 118,946 $ 108,720 $ 346,053 $ 319,582 Operating margin (8.7 )% (19.2 )% (13.9 )% (19.7 )% Non-GAAP operating margin 21.0 % 13.8 % 17.5 % 14.2 % Non-GAAP net income attributable to PagerDuty, Inc. common stockholders Net loss attributable to PagerDuty, Inc. common stockholders $ (6,558 ) $ (15,125 ) $ (43,856 ) $ (51,125 ) Add: Stock-based compensation 31,773 31,828 97,079 94,910 Employer taxes related to employee stock transactions 452 415 1,729 2,315 Amortization of debt issuance costs 671 523 1,950 1,456 Amortization of acquired intangible assets 2,832 2,806 8,917 8,417 Acquisition-related expenses 227 691 749 1,014 Restructuring costs — 132 10 1,534 Gain on extinguishment of convertible senior notes — (3,970 ) — (3,970 ) Adjustment attributable to redeemable non-controlling interest 634 2,359 9,881 4,088 Income tax effects and adjustments (6,310 ) (466 ) (16,402 ) (1,920 ) Non-GAAP net income attributable to PagerDuty, Inc. common stockholders $ 23,721 $ 19,193 $ 60,057 $ 56,719 Non-GAAP net income per share, basic Net loss per share, basic, attributable to PagerDuty, Inc. common stockholders $ (0.07 ) $ (0.16 ) $ (0.47 ) $ (0.55 ) Non-GAAP adjustments to net loss attributable to PagerDuty, Inc. common stockholders 0.33 0.37 1.12 1.16 Non-GAAP net income per share, basic, attributable to PagerDuty, Inc. common stockholders $ 0.26 $ 0.21 $ 0.65 $ 0.61 Non-GAAP net income per share, diluted (1) Net loss per share, diluted, attributable to PagerDuty, Inc. common stockholders $ (0.07 ) $ (0.16 ) $ (0.47 ) $ (0.55 ) Non-GAAP adjustments to net loss attributable to PagerDuty, Inc. common stockholders 0.32 0.36 1.10 1.13 Non-GAAP net income per share, diluted, attributable to PagerDuty, Inc. common stockholders $ 0.25 $ 0.20 $ 0.63 $ 0.58 Weighted-average shares used in calculating net loss per share, basic and diluted 91,438 93,104 92,530 92,257 Weighted-average shares used in calculating non-GAAP net income per share Basic 91,438 93,104 92,530 92,257 Diluted 94,036 96,235 95,549 100,834 Note: Certain figures may not sum due to rounding. (1) On October 13, 2023, the Company provided written notice to the trustee and the note holders of the 2025 Notes that it had irrevocably elected to settle the principal amount of its convertible senior notes in cash and pay or deliver, as the case may be, cash, shares of common stock or a combination of cash and shares of common stock, at the Company’s election, in respect to the remainder, if any, of the Company’s conversion obligation in excess of the aggregate principal amount of the 2025 Notes being converted. The company uses the if-converted method to calculate the non-GAAP net income per diluted share attributable to PagerDuty, Inc. related to the convertible notes due 2025 prior to the election on October 13, 2023. As such, approximately 5.8 million and 6.7 million shares related to the convertible notes due 2025 were included in the non-GAAP diluted outstanding share number for the three and nine months ended October 31, 2023, respectively, related to the period prior to the election on October 13, 2023. Similarly, for the three and nine months ended October 31, 2023, the numerator used to compute this measure was increased by $0.7 million and $2.5 million, respectively, for after-tax interest expense savings related to our convertible notes. PAGERDUTY, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (continued) (in thousands, except percentages) (unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Free cash flow and free cash flow margin Net cash provided by investing activities $ 22,073 $ 16,917 $ 86,489 $ 49,819 Purchases of property and equipment (552 ) (245 ) (1,646 ) (1,193 ) Capitalization of internal-use software costs (2,078 ) (1,441 ) (5,019 ) (3,812 ) Free cash flow $ 19,443 $ 15,231 $ 79,824 $ 44,814 Net cash (used in) provided by investing activities $ (3,101 ) $ 10,887 $ (9,722 ) $ 6,875 Net cash (used in) provided by financing activities $ (78,118 ) $ 54,157 $ (113,323 ) $ 53,661 Revenue $ 118,946 $ 108,720 $ 346,053 $ 319,582 Free cash flow margin 16.3 % 14.0 % 23.1 % 14.0 % View source version on businesswire.com : https://www.businesswire.com/news/home/20241126811639/en/ CONTACT: Investor Relations Contact: Tony Righetti investor@pagerduty.comMedia Contact: Debbie O'Brien media@pagerduty.comSOURCE PagerDuty KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY ARTIFICIAL INTELLIGENCE DATA MANAGEMENT SOURCE: PagerDuty, Inc. Copyright Business Wire 2024. PUB: 11/26/2024 04:05 PM/DISC: 11/26/2024 04:05 PM http://www.businesswire.com/news/home/20241126811639/en

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Given Average Rating of “Hold” by Analysts

Bruce Thornton (33 points), Ohio State handle Indiana State

Julián Álvarez picking up the scoring pace with Atletico MadridIsraeli hospital says Netanyahu has undergone successful prostate surgery

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If you were a young adult in the late ‘90s, you almost certainly knew Sean Patrick Thomas. Before he was Jimmy James in the franchise, spent four seasons as Detective Temple Page in CBS police drama or, more recently, portrayed Gene Mobley, partner of Mamie Till and father-figure to Emmett in , the sharp-jawed, warm-eyed actor had carved out his own corner of YA drama success. During that time, he would star in films like and , roles that would follow his memorable turn as Ronald Clifford in Roger Kumble’s . Thomas took on the role of the music tutor to the rich, naive and virginal Cecile Caldwell ( ), with whom he falls in love with before their relationship is sabotaged by the ruthless, scheming step-sibling duo of Kathryn Merteuil ( ) and Sebastian Valmont ( ). Now a seasoned actor with over 70 credits, including recent roles in hit series like and , Thomas is returning to the universe with the new . This time, he portrays Professor Chadwick, a history professor and the latest faculty addition at Manchester College, a private and elite D.C.-area college, where he must navigate the educational whims and manipulations of a scheming set of rich sorority and fraternity members. Soon after his arrival, he also meets his new teaching assistant, CeCe (Sara Silva), who wears him down in order to secure the role to bolster her résumé. Initially hesitant to accept her help, Chadwick warms to his TA thanks to her anxious but dedicated work ethic, as well as her flare for debate — a notable turn from the somewhat unsophisticated nature of Ronald’s relationship with Cecile in the 1999 film. This CeCe keeps Chadwick on his toes, physically and intellectually, which results in more than the typical respect and admiration that can grow between mentor and mentee. But by the end of the season, a potential romantic future between the two is put to the test when he is found in bed with Caroline Merteuil (Sarah Catherine Hook), CeCe’s friend and sorority president. And much like her 1999 counterpart, Caroline schemes to ruin Chadwick, anonymously reporting him to the college for inappropriate relations in an effort to assert control. Thomas spoke to before the show’s release about returning to ; why a TV spinoff might not have been possible before now; his professor character’s romantic and intellectual relationship with his TA; and the shifts in opportunity for Black actors in the 25 years since Kumble’s film. *** It’s very exciting for me to come back and do after all this time. It’s rewarding on so many levels, because I’m still here, number one. This is a tough business and I’m still here, and there’s something symbolic about that full-circle moment that really hits me. Also, I’m a much more seasoned man right now than I was then, a much more seasoned actor. So to get another chance to do this type of material with 20-something years more experience under my belt is a real treat and a real gift. I was briefly involved with one [show] from like 20 years ago called . I think the issue with that the is so intense, and raw to the bone, that the full breadth of what that is wasn’t really a fit with network TV at that time. So there was stuff that you couldn’t do then that you can do now — and we’re doing it on this show. When I heard the show was coming up, obviously, it was an exciting thing to hear, and I got to talk with the director, the writers and producers and it was just a fit. The character that they’d written, Professor Chadwick, was something that was an exciting evolution from the Ronald-ish character from the movie. But it’s a different vibe, and that’s what was exciting. I can’t speak to whether it was intentional, but what was exciting to play was in the movie, the obstacle of why these people really couldn’t or shouldn’t be together was race, let’s be blunt. In this version, it’s because he’s a professor and she’s a student. What’s great about that is that it hints possibly at maybe, as a society, we’re a little bit better than we were, where we don’t have to talk about race in that way. I’m not sure if we’re better right now, but it hints at the possibility that we’re better, I’ll put it that way. So we were able to put race to the side and explore other dynamics, and this dynamic would be teacher-student relationships at a college. In that sense, the forbidden nature of it is a whole different thing, and it has more to do with things that you can control and not things that you can’t control, which to me, is much more interesting. I think the cruelty in this iteration of the story is much more modern in the sense that things can go viral. When you’re talking about something from 1999, the whole issue behind the meaning of the word “viral” just didn’t exist. It does now, and you can embarrass somebody or shame somebody or destroy somebody with the push of a button in the modern age. So I think that takes the cruelty issue and cranks it up 10 notches in terms of how you can deploy it to hurt other people. When you age these characters up a little bit to college, it opens up a whole new world of things that you can do. When you’re able to broaden your palette of things that you can do in terms of storytelling, then you can really go a little bit deeper in terms of the themes that you’re exploring, whether it’s absolute power corrupts absolutely, as you always hear in history class, or themes of power imbalance. You get more opportunities to do that when the characters are aged up a little bit, but still young. There’s a right way and a wrong way to do things. I like to see people try and do things the right way, because this is a show where everybody else is doing everything the wrong way. I like the fact that this is a relationship that is a contrast to all of that — that these are two good people that have a genuine, pure connection and they want to make sure they go about it the right way. They’re not trying to hurt each other, they’re not trying to hurt anybody else. That’s what I want audiences to see — that that’s possible, that that exists in a world that seems chaotic and mean sometimes. ( ) I honestly think they just dork out on political science. I think that they’re both willing to be intellectually exploratory about seeing the pros and cons of whatever side that you’re on in terms of fascism, for example. I don’t know that they’re fascinated with fascism, per se. I just think they’re fascinated with playing devil’s advocate with each other. There’s something about that that excites them both, and that’s where they connect. Fascism is the vehicle that they use to poke each other and challenge each other and make each other think. Here’s the thing: I think that Professor Chadwick is written in such a way where race is not a factor. However, when you cast me and somebody who looks like me in that role, then you have a whole other level of stuff going on. I really agree with you that Professor Chadwick can’t just worry about, “Gosh, am I gonna be able to keep my job?” He has to worry about, “Am I gonna be treated fairly because of the way I look, and is this a factor in how my case is going to be perceived?” I think that’s just extra from having this character played by somebody that looks like me and that’s a great layer to lay on to what’s already a troubling situation. I don’t know anything about season two. I know nothing. We have not talked about that. I’m assuming that they have a plan, because they’re both very smart and they seem to have a plan for everything. So I’m pretty sure that they have something, locked and loaded, story-wise, for Professor Chadwick. I just haven’t heard it yet. What’s exciting to me is that I didn’t see it growing up. On , I’m a Black father, and there are certain complexities that you can’t compare to any other father-son relationship. There’s certain things about being a Black father that are very specific and have to be dealt with in a different way. When you’re telling a story, you can’t just say, “Oh, this is just a dad and this is just a son.” There’s something very specific about a Black father and a Black son that has almost never been explored in TV and film, and I’m very, very proud that I’ve gotten a chance to do that. On , in particular, we really get into that on a very, very deep level. I mean, Chance isn’t with us anymore, and during season two, we don’t really take any shortcuts in digging into what it is to be a Black man and what it is to have that type of connection with your son and the things that you can and cannot protect him from. We really get into that in season two. I do feel like things are changing, but I will say that it’s not enough. The quality of the roles that we get now is far superior than when I first started in this business. When I first started, if you were a Black actor, most of what you got to do was comic relief or some type of sidekick, or you had to be some type of threatening presence. You really couldn’t break out of that box. Now, you can be a nerd, you can be gay, you can be whatever. As a Black actor, which is amazing, there’s this full range of who we are as human beings. We’re starting to see that with Black actors, which is phenomenal. That said, there’s not enough. There’s not enough in terms of quality. There’s lots of stuff that’s out there that’s Black, but it’s not three-dimensional. It’s not fully dimensional. It doesn’t show the full range of who we are. So even though things are better in terms of quality, now we need quantity. *** Cruel Intentions THR THR Newsletters Sign up for THR news straight to your inbox every day More from The Hollywood Reporter

The International Cricket Council (ICC) will meet this week to determine the destiny of next year’s Champions Trophy after India refused to play in host nation Pakistan, a spokesman said on Tuesday. Earlier this month, the ICC informed the Pakistan Cricket Board that India would not tour Pakistan for the eight-team tournament, leaving the fate of the event hanging in the balance. The nuclear-armed neighbours have fought three wars since being carved out of the subcontinent’s partition in 1947 and that rivalry is often reflected on the cricket field. A spokesman for the ICC based in Dubai told AFP they could “confirm an ICC meeting on Friday” where the issue will be on the agenda, without providing further details. The PCB has already rejected proposals that would allow India to play in a neutral third country, insisting the full schedule from February 19 to March 9 must be staged on their turf. India’s cricket board has not commented on the tournament. Deteriorating political ties mean bitter rivals India and Pakistan have not played a bilateral cricket series for over a decade - squaring off only in ICC multi-nation events. Pakistan suffered a years-long drought of matches at home as teams refused to visit after a 2009 attack on the Sri Lankan team bus in Lahore. International play only fully resumed in 2020. When Pakistan hosted last year’s Asia Cup, India’s matches were played outside the country. But Pakistani cricket chiefs have rejected security fears for the Champions Trophy, pointing to their recent successful hosting of top teams including Australia, England and South Africa. The Champions Trophy will be the first ICC event staged in Pakistan since it co-hosted the 1996 World Cup with India and Sri Lanka.

OTTAWA — Canada will beef up its border security in time for the inauguration of president-elect Donald Trump, Public Safety Minister Dominic LeBlanc said Tuesday as he appeared at a House of Commons committee. LeBlanc couldn't provide specifics on the number of extra "boots on the ground," but said the government is finalizing a plan based on advice received from the RCMP and Canada Border Services Agency, and that he is now working with Finance Minister Chrystia Freeland to fund it. "We haven't made, as a government, those final decisions," LeBlanc told the committee, in response to questions from Conservative MP Raquel Dancho. "There will be additional resources. Human and equipment. We will be making announcements in terms of procurement and personnel before (Jan. 20)," he said, referencing Trump's inauguration date. Last week, Trump threatened Canada with 25 per cent tariffs on all imports if Canada didn't do more to stem the passage of migrants and illegal drugs across the border. If enacted the move could critically damage Canada's economy, with more than 70 per cent of Canadian exports bound for the United States. On Friday, LeBlanc and Prime Minister Justin Trudeau flew to Florida to dine with Trump and some of his cabinet nominees at his Mar-a-Lago resort in Florida where they informally discussed trade and border security among other topics. Trudeau met with opposition leaders in his office on Parliament Hill on Tuesday to brief them on the situation as it stands now. An official in Trudeau's office said during the meeting Trudeau stressed the importance of not negotiating against Canada in public, and asked party leaders to state repeatedly and publicly that tariffs will raise the cost of living on both sides of the border. Finance Minister Chrystia Freeland, who attended the meeting, said at an afternoon news conference that unity is key among premiers and federal party leaders, because successfully beating back the tariffs is "not going to happen by accident." "All of us should be putting country before party," she said. Bloc Québécois leader Yves-François Blanchet said the meeting was cordial, discussions rational and constructive, and said having more of those meetings would be helpful in having a consistent approach on U.S. policy — amid a looming Canadian election. "If that tone that was used in that type of meeting could show up in Parliament, people would have more confidence in us and take us more seriously," Blanchet told reporters, in French. In English he said he was willing to wait for the government's finalized plan for the border before commenting on it, adding he's trying not to turn the issue into a partisan fight. "The parts of (the plan) are exactly what we asked for a long time ago. We asked for more people at the border and ports of entry," Blanchet said. "This is what they seem to be doing with closer collaboration with U.S. authorities. We don't have the details, we don't have the numbers. But we know about the intention, which by itself is the beginning of a good thing." Conservative Leader Pierre Poilievre emerged from the meeting appearing to heed Trudeau's call to stress the impact the tariffs could have on the U.S. economy. "It should be obvious and easy to make these arguments to the Americans, because they would be doing enormous damage to their own economy," Poilievre told reporters. But he was also highly critical of Trudeau for enacting policies that Poilievre said put Canada into the position it is in now. He said his demands are for Trudeau to fix the "disorder" at the border and the immigration system, as well as reverse economic damages he says were caused by the carbon price and an emissions cap on oil and gas production. Green Party Leader Elizabeth May said Trudeau told the party leaders that it would be helpful if they "didn't amplify the kind of messaging and language that the Trump administration is using to attack Canada." "When you sit around a table, there's the sense that we're all here with a shared view and goals that we share as Canadians," May told reporters. "That said, there were differences in responses as we went around afterwards how much we were willing to say 'yes, we will do whatever we can as opposition party leaders to avoid giving the Trump administration any sound bites that sound like Canadians agree with Trump.'" In a post on Truth Social Nov. 30, Trump called his meeting with Trudeau productive particularly about the drug crisis, but made no mention of whether it had moved the needle for him on tariffs. On Tuesday he posted an illustration of him standing on a mountain with a Canadian flag and the caption "O Canada" without any further explanation. Earlier Tuesday at the public safety committee, RCMP Commissioner Michael Duheme said the RCMP did not have intelligence about where people might try to cross the U.S. border, which would inform where to deploy additional officers and how many. He said the challenging part is it's only a crime once people or drugs actually cross into the U.S. "There's collaboration (with U.S. Customs and Border Protection). But I think it's really important to identify those hot areas based on the position that the U.S. will take." Speaking to reporters outside the committee, Duheme said protecting the border is a shared responsibility between both countries and there are problems going both ways. "You heard fentanyl, you heard firearms are coming up from the south. So it's a shared responsibility," he said. The flow of illegal firearms is a topic LeBlanc and Prime Minister Justin Trudeau raised with Trump at their dinner Friday night. "The prime minister did say, when they were talking about their concerns around fentanyl and precursor chemicals and drugs, that we have for a long time worried about illegal firearms smuggled into Canada," LeBlanc told the committee. "We made that point to (Trump) that that was something we wanted to do in partnership with them." LeBlanc also told reporters on Monday that his department is mulling over expanding the CBSA's mandate to include border patrol between ports of entry. Right now, that responsibility falls on the RCMP. But LeBlanc said such a move would require a legislative change that would take some time to enact. "We’re always looking at good ideas and we’re not dismissing this one, but it’s not a priority for us in terms of arriving at the conclusion we want," LeBlanc said. Speaking to reporters following the leaders meeting with Trudeau, NDP leader Jagmeet Singh said it's a change he would support. "Let's protect our borders, keep us safe, and also help in the fight against these tariffs," Singh said. This report by The Canadian Press was first published Dec. 3, 2024 . -with files from David Baxter. Nick Murray, The Canadian PressAustralia's House of Representatives passes bill banning children younger than age 16 from social media

Middle East latest: ICC issues warrant for Israel's Netanyahu as Gaza death toll soars past 44,000

Unsettled weather with wet and windy conditions in store – Met Éireann

S. Dakota St. 75, Missouri St. 55