Precision Drilling Corporation (PD) Earnings Call Transcripts
Precision Drilling Corporation's Latest Earnings Call - Q1 FY2027
In the first quarter of fiscal year 2027, PagerDuty, Inc. reported revenue of $121 million, reflecting a 1% year-over-year increase, and exceeded guidance for both revenue and non-GAAP operating margin. The company achieved a non-GAAP operating margin of 25%, up from 20% in the prior year. Despite flat annual recurring revenue (ARR) of $496 million, management maintained guidance for the full fiscal year, projecting revenue between $488.5 million and $496.5 million, indicating a cautious outlook amid ongoing transitions in pricing models and customer dynamics.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $121 million (beat) |
| Non-GAAP Operating Margin | 25% (positive) |
| GAAP Net Income | $10.2 million (positive) |
| Annual Recurring Revenue (ARR) | $496 million (inline) |
| Total Customers | 36,000 (positive) |
| Dollar-Based Net Retention Rate | 97% (negative) |
Guidance from management
Management expects Q2 revenue in the range of $122 million to $124 million, with FY 2027 revenue guidance maintained at $488.5 million to $496.5 million, indicating a cautious outlook amid ongoing transitions.
What analysts pressed on
Analysts expressed concerns regarding the decline in net retention rates and the impact of the transition to a usage-based pricing model on customer behavior. There were questions about how the company plans to stabilize retention and drive growth amid these changes.
Main topics on the call
- Leadership Transition — PagerDuty announced a leadership change with John DiLullo taking over as CEO from Jennifer Tejada, who transitions to Executive Chair. Tejada expressed confidence in DiLullo's ability to lead the company into its next gr...
- Usage-Based Pricing Model — The new usage-based pricing model has shown promising early results, with ARR from customers on this model nearly doubling from Q4 to Q1. Management noted, "This underscores the large opportunity ahead of us with our new...
- Customer Acquisition and Retention — PagerDuty added over 600 new customers for the fifth consecutive quarter, with total customers growing 14% year-over-year. However, net retention rates have declined, prompting management to express confidence in recover...
- Financial Performance — The company reported a GAAP net income of $10.2 million, marking its fourth consecutive quarter of profitability. Operating income increased to $30 million, reflecting a disciplined focus on efficiency and operational ex...
Read the full Precision Drilling Corporation transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Precision Drilling Corporation
Precision Drilling Corporation (PD) is a publicly listed company in the Energy Equipment and Services industry, within the Energy sector. It trades on TSX and is based in CA. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 72 calls on record spanning February 13, 2020 to July 29, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 72 Precision Drilling Corporation earnings call transcripts on record, spanning February 13, 2020 to July 29, 2026. Based on this history, Precision Drilling Corporation reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- PD
- Exchange
- TSX
- Country
- CA
- Sector
- Energy
- Industry
- Energy Equipment and Services
- Calls on record
- 72
- First call
- February 13, 2020
- Most recent
- July 29, 2026
- Reporting cadence
- quarterly