PagerDuty shares climb on higher Q4 revenue and new repurchase program

Investing.com -- PagerDuty (NYSE:PD), the digital operations management platform, saw its shares rise by 13.26% on Friday following the announcement of a higher-than-expected fourth-quarter revenue.

In the fourth quarter, PagerDuty recorded a revenue of $121.4 million, surpassing the estimated $119.7 million.

Alongside this financial update, the company also announced that its board had authorized a new share repurchase program.

This program allows for the repurchase of up to $150 million of common stock.

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