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2025-01-12
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ph.joblum On November 26, 1924, Mongolia’s government system shifted from a Buddhist monarchy to a constitutional republic, declaring itself the Mongolian People’s Republic. This year marks the 100th anniversary of the creation of Mongolia’s Constitution. On this special occasion, the chairman of the parliament of Mongolia, Amarbayasgalan Dashzevge, gave an interview to The Diplomat on the significance of the 1924 Constitution and the progress the Mongolian legislative branch has made over the last hundred years. On November 26, 1924, Mongolia adopted its first constitution, which ended the religious monarchy and established the Mongolian People’s Republic. From an historical perspective, what did the 1924 Constitution mean for the country’s independence and political system at the time? The 1924 Constitution marked a pivotal moment in Mongolia’s history, solidifying its sovereignty and establishing the Mongolian People’s Republic. The constitution replaced the religious monarchy with a republican government and formalized governance that enshrined principles like separation of religion and state and free education. These changes in principles have laid the foundation for Mongolia’s modern legal framework. Whilst the original constitution did not explicitly address modern democratic values like political pluralism or comprehensive human rights, it was a progressive document for its time. Most importantly, the 1924 Constitution established Mongolia’s state sovereignty and set the stage for subsequent constitutional developments and amendments. Adopted during a period of significant geopolitical uncertainties, the 1924 Constitution followed Mongolia’s national revolution of 1911, which restored its independence from the already collapsing Qing Dynasty. By affirming sovereignty and granting supreme power to its people, the Constitution declared Mongolia’s self-determination and governance through the State Great Assembly, now known as the State Great Khural, an unprecedented move toward participatory leadership in the region. Importantly, by aligning itself with the progressive trends of the early 20th century, it secured international recognition of the Mongolian People’s Republic as a sovereign state. Furthermore, as one of the first Asian nations to adopt a constitution, alongside Japan and China, Mongolia demonstrated regional leadership in constitutional governance. Today, the legacy of the 1924 Constitution endures in Mongolia’s democratic institutions and governance. It laid the groundwork for a century of constitutional evolution, culminating in modern reforms like the 2023 amendments, which enlarged parliamentary representation, from 76 to 126 [seats], and strengthened democratic governance. In 100 years, Mongolia’s legal framework has evolved to address changing societal and economic needs as with the 1940 Constitution achieving international recognition of independence and the 1992 Constitution institutionalizing democratic governance with political pluralism and a comprehensive rights framework. As we reflect on the 1924 Constitution and its consistent evolution over the last hundred years, we are thankful to those initial 77 representatives from across Mongolia who set us on the path toward a modern democracy. Reflecting upon the past 100 years, Mongolia has gone through multiple political systems: a Buddhist theocracy, 70 years of socialism, and over 30 years of multi-party governance. What does the centennial anniversary of the country’s first constitution mean to the Mongolian lawmakers and the Mongolian people? The centennial anniversary of Mongolia’s first constitution is a profound moment and cause for celebration for all Mongolian lawmakers and people. It marks the moment our nation took a transformative step toward sovereignty, equality, and democratic governance, laying a foundation that continues to shape the country’s political and national identity. In honor of this anniversary, the Parliament of Mongolia has decreed and organized several events across the country. Alongside the traditional wrestling tournaments and state ceremonial events, the Great Khural will host an honorary forum, “Effective Implementation of Parliamentary Oversight,” which will explore the implementation of the newly announced “Three Pillars of Excellence” policy. This policy will ensure the adoption of laws that uphold human rights and swiftly address evolving societal needs with timely regulations that adapt to rapid developments, all the while maintaining a clear distinction between legislation and regulations. For the Mongolian people, the 100-year anniversary of Mongolia’s Constitution is an opportunity to celebrate the journey from serfdom to citizenship and the introduction of universal suffrage, gender equality, democratic governance, and religious freedom. It serves as a reminder of Mongolia’s political history, independence, understanding the principles of principles and values. It also stands as an opportunity for Mongolian lawmakers and the public to reflect on the progress and understand that there are always additional measures to enhance and strengthen democracy. This is precisely why the “Three Pillars of Excellence” policy is significant. As Mongolia navigates the complexities of the 21st century, this anniversary and its corresponding legislation only reinforce the nation’s identity as a proud, sovereign democracy built on a century-old foundation of equality and justice. As chairman, how do you think the enlargement of Mongolia’s legislative branch, from 76 to 126 seats, strengthens the country’s political system or democratic institutions? The enlargement of Mongolia’s legislative branch from 76 to 126 seats, alongside the adoption of proportional representation for 48 of those seats, marks a pivotal step in strengthening the country’s political system and democratic institutions. These reforms have enhanced inclusivity and representation within the Great Khural, reflecting a broader commitment to constitutional principles of equality and participatory governance. One of the most significant benefits of this expansion is the diversification of political representation both individually and politically. Proportional representation ensures that smaller parties and minority groups gain a stronger voice in the legislative process, breaking the historic dominance of the two major parties: the Democratic Party and the Mongolian People’s Party. This structural change was evident in the recent 2024 general election, which produced the most diverse parliament in Mongolia’s history, with the current sitting parliament made up of 25.4 percent women and representation from various Mongolian ethnic backgrounds, including the first Kazakh woman and the first members with disabilities. The reforms also align closely with the spirit of Mongolia’s 1924 Constitution, which envisioned accountable governance and active civic participation. By increasing the number of legislators, the Great Khural becomes better equipped to address the diverse needs of Mongolia’s population, which stretch from urban centers such as Ulaanbaatar to remote grass steppes and the Gobi Desert. These changes fundamentally enhance the capacity of the legislature to address critical social, economic, and regional challenges, ultimately fostering improved policymaking for the entire population. Our mission is to increase transparency and bring legislators closer to the people they serve. Ultimately, the enlargement of the legislative branch strengthens Mongolia’s democratic institutions by fostering inclusivity, enhancing constitutional governance, and promoting a more representative and accountable political system. These reforms position Mongolia as an oasis of democracy, reinforcing its role as a trusted partner on the global stage. Given the rise of authoritarianism around the world, how does the current parliament aim to strengthen Mongolia’s constitution in order to protect the Mongolian people’s rights and their civil liberties? Mongolia’s parliament, the Great Khural, consistently takes proactive steps to strengthen the constitution and safeguard the rights and civil liberties of its people. Over the coming years, the parliament will undertake several constitutional reforms and innovative governance measures such as Parliament 2.0 and the Great Khural’s Strategic Plan. These reforms will enhance the accountability, inclusivity, and transparency of governance, ensuring that citizens’ democratic values and human rights are consistently protected. As the chairman, I was proud to see that the State Great Khural’s Strategic Plan for 2024–2028 was passed by the parliament recently. As a cornerstone of this parliament, it will oversee the development of a humane, civil, and democratic society in our homeland, prioritizing people-centered policies that will strengthen our country’s democracy and guarantee the civil rights of the Mongolian people. The strategy is divided into five goals. Primarily, it aims to reinforce the reforms made before the 2024 general election, which guaranteed improved participation in Mongolia’s democracy and increased transparency of lawmaking. Meanwhile, Goals 2, 3, and 5 seek to adapt the internal workings of the Great Khural as the legislature confronts the technological challenges of our time. The parliament embraces technological innovation by incorporating big data into decision-making, aligning legislation with sustainable development objectives and our desire for a greener planet, and strengthening parliament’s foreign partnerships to improve our institutional capacities. These five goals will ensure that the Great Khural values the fundamental national interests of all Mongolian citizens. As part of these measures, the Great Khural is already implementing legislative initiatives. For example, recent reforms enhance oversight mechanisms and improve the enforcement of anti-corruption laws, addressing one of the key challenges undermining trust in democratic institutions. These efforts coincide with ongoing initiatives to strengthen judicial independence and the rule of law. To further protect civil liberties, platforms like D-Parliament and D-Petition, launched in 2022, enable citizens to engage directly with lawmakers, ensuring that public opinion continue to shape policymaking and policy-decisions. I believe that these digital tools not only promote accountability but also counter authoritarian tendencies by strengthening democratic participation. In an era of democratic regression, Mongolia’s parliament exemplifies how legislative institutions can actively safeguard civil liberties and human rights. By embracing inclusivity, innovation, and accountability, the Mongolian State Great Khural aims to and will ensure that its constitutional framework remains a bulwark against authoritarianism and a guarantor of the Mongolian people’s rights and freedoms. What are some of the challenges Mongolia currently faces in terms of its legal system and how does the new parliament aim to improve these inefficiencies? In comparison to other older democracies in the world, like the United States or the United Kingdom, Mongolia’s democracy is still very young, but the principle and values have derived from historical times. We believe that in a democratic society, there is constant striving to improve the legal system, whether that be by increasing citizen’s participation, improving transparency and accountability in decision-making, or strengthening mechanisms of enforcement. The Mongolian public expect their representatives to develop laws that are inclusive, transparent, and adaptable to contemporary challenges. By aligning legislative drafting and enforcement with modern and emerging issues with human rights principles and evidence-based analysis, the Great Khural seeks to rise to this challenge and eliminate historical inefficiencies in the legal framework. Over the last few years, we implemented legislative measures aimed at addressing these inefficiencies and strengthening the legal framework. A couple notable ones are the anti-corruption initiatives, such as the “Sweeper Act,” which prevents government officials and their families from leveraging public projects for personal gain. The “Glass and Transparency Act” is designed to limit financial entanglement in party politics and parliamentary operations. Additionally, the “Whistleblower Act” further supports transparency by protecting those who expose corruption, offering legal protection and financial rewards to incentivise reporting. Also, important reforms such as empowering the Mongolian Constitutional Court to resolve citizen petitions concerning breaches of constitutional rights, ensuring greater accountability and responsiveness, are something new and needed to be noted. I believe that these changes are important in strengthening Mongolia’s democratic values and will bring positive impact. I would also like to add that the government has now fully implemented an auction system for the sale of coal on the Mongolia stock exchange and is beginning to work with civil society and international experts, such as the IAAC [Independent Authority Against Corruption] and the Brookings Institution. Looking ahead, the Parliamentary Strategic Plan 2024-2028 commits the parliament to strengthening oversight mechanisms by consistently monitoring enacted laws for effectiveness and relevance. It also emphasizes leveraging innovations such as big data and e-parliament technologies to streamline processes and enhance public access to information. On this centennial anniversary of the original constitution, the Mongolian government and the Mongolian people celebrate the progress we have made at creating a legal system that is transparent, participatory, and capable of addressing Mongolia’s current and future challenges. Much progress has been made. Yet, there is much more to be done.

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

Disneyland's 70th Anniversary Is Bringing Back Some Classic Attractions, But I'm Bummed About A Few That Are MissingPhiladelphia (8-2) at Los Angeles Rams (5-5) Sunday, 8:20 p.m. EST, NBC/Peacock BetMGM NFL odds: Eagles by 3. Against the spread: Eagles 6-4; Rams 4-6. Series record: Eagles lead 23-20-1. Last meeting: Eagles beat Rams 23-14 in Inglewood, Calif. on Oct. 8, 2023. Last week: Eagles beat Washington 26-18; Rams beat New England 28-22. Eagles offense: overall (5), rush (1), pass (22), scoring (7). Eagles defense: overall (1), rush (7), pass (2), scoring (6). Rams offense: overall (17), rush (26), pass (T-7), scoring (21). Rams defense: overall (23), rush (18), pass (22), scoring (22). Turnover differential: Eagles plus-2; Rams plus-4. RB Saquon Barkley. Barkley combined for 198 scrimmage yards and two scores, rushing 26 times for 146 yards (5.6 average) while adding two receptions for 52 yards against Washington. With 1,137 rushing yards through 10 games, Barkley only trails Baltimore’s Derrick Henry for the NFL lead. He had his sixth 100-plus yard rushing game this season, which is the most in the NFL. S Kam Kinchens. The rookie third-round pick from Miami had eight tackles, one tackle for loss, an interception and a forced fumble against the Patriots as he continues to come on strong. Kinchens has three picks in the past three games. Eagles QB Jalen Hurts vs. Rams’ defensive line. Hurts shredded Los Angeles for 303 yards passing and 72 yards rushing last season despite the presence of superstar DT Aaron Donald. After Donald retired, the Rams turned to a committee approach to get after the passer, and it has worked with rookie OLB Jared Verse and DT Braden Fiske fitting in well next to second-year OLB Byron Young and DT Kobie Turner. But they can only unleash their excellent pass rush skills by limiting Philadelphia on early downs. Hurts has been at his dual-threat best over the past five games, accounting for 15 total touchdowns (six passing, nine rushing) against two turnovers. Eagles defensive end Bryce Huff had surgery on his left wrist on Thursday, a move that could allow him to return toward the end of the season. ... WR DeVonta Smith (hamstring) and DT Milton Williams (foot) each missed practice this week. ... Rams RT Rob Havenstein (ankle) looks to be trending toward a return this week. Havenstein sat out the previous two games because of the ailment. The Eagles have won all three games in Los Angeles since the Rams moved back in 2016. ... Overall, Philadelphia has won seven of the past eight. The only setback came in Week 2 of the 2020 pandemic season. Barkley has passed 100-plus scrimmage yards in eight of 10 games. That is tied with LeSean McCoy (2011) and Brian Westbrook (2007) for the most by an Eagle through 10 games. His 198 yards were his second most as an Eagle (199 in Week 9). ... The Eagles have allowed two passing touchdowns during their winning streak. Only one opponent has topped 200 passing yards against them in this stretch, with Cincinnati throwing for 222 in Week 8. ... Hurts leads all NFL quarterbacks with 11 touchdown runs and is second only to Henry's 13 scores for the Ravens. ... WR A.J. Brown leads the league in receptions of 30 yards or longer. He is averaging 18.7 yards per catch, the best mark of any player with at least 30 grabs. ... Even before he hurt his wrist, Huff struggled in his first season in Philadelphia with just 2 1/2 sacks and four quarterback hits. His snap count has dipped since he was injured ahead of a game earlier this month against Jacksonville. Huff had 17 1/2 sacks in four seasons with the Jets before he signed a three-year, $51 million free-agent deal with the Eagles. ... Philadelphia has run for at least 150 yards and two touchdowns in five straight games, something it hadn't accomplished since 1949. ... Rams WR Puka Nacua caught his first touchdown of the season in New England. He has at least seven receptions and 98 yards in three of his past four games, with only a second-quarter ejection in Seattle having limited Nacua since he returned from a knee injury. ... WR Cooper Kupp has 614 receptions through his first 98 games, which is fourth most in NFL history through 100 games. Julio Jones (619) is third. ... RB Kyren Williams averaged a season-high 5.7 yards per carry, finishing with 86 yards on 15 attempts versus the Patriots. ... Verse has 11 tackles for loss and 4 1/2 sacks through his first 10 games. Verse is pressuring the quarterback on 20.2% of pass rush snaps, which ranks second in the league overall. ... The Rams were 2 of 8 (25%) on third down against New England, their third straight game converting 25% or worse. ... QB Matthew Stafford has not been sacked in each of Los Angeles’ past three wins. Don’t be discouraged using Stafford, Kupp and Nacua against Philadelphia's pass defense. All three put up solid fantasy numbers in last season’s meeting, even as the Eagles sat on the ball for nearly 38 minutes. Stafford had 222 yards and two scores, finding Kupp eight times for 118 yards and Nacua seven times for 71 yards and a touchdown, so they'll find ways to produce. AP NFL: https://apnews.com/hub/NFL

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ISRO's SpaDeX mission will test in-space docking technology with two small spacecraft, SDX01 and SDX02. The PSLV-C60 rocket will launch the mission at 9:58 PM from the Satish Dhawan Space Centre in Sriharikota. The mission will be streamed live on ISRO's YouTube channel starting at 10:00:15 PM tonight. The Indian Space Research Organisation (ISRO) is all set to launch its SpaDeX mission on Monday to experiment with the in-space docking technology for the first time. The mission will include two small spacecraft SDX01 (Chaser) and SDX02 (Target), which will be launched together in low Earth orbit at 9.58 PM from the Satish Dhawan Space Centre in Sriharikota. The primary objective of the SpaDeX mission is to experiment with the technology needed for rendezvous, docking, and undocking of spacecraft. It will be helpful for the Moon, sample return from the Moon, and multiple rocket launches. If India succeeds, it will become the fourth country to have this capability. 🎉 Launch Day is Here! 🚀 Tonight at precisely 10:00:15 PM, PSLV-C60 with SpaDeX and innovative payloads are set for liftoff. SpaDeX (Space Docking Experiment) is a pioneering mission to establish India's capability in orbital docking, a key technology for future human... pic.twitter.com/147ywcLP0f According to ISRO, the spacecraft will be launched into a circular orbit at 470 km altitude by the PSLV-C60 rocket. After launch, the Target and Chaser spacecraft will drift apart. Using the Target’s propulsion system, the spacecraft will gradually reduce their separation before docking together. After docking, the spacecraft will demonstrate power transfer before undocking and continuing with their payload operations. READ: iPhone 15 now available for under Rs 50,000 on Flipkart: Here’s how the deal works It will also put new technologies to the test, such as the docking mechanism, autonomous rendezvous strategy, and an advanced sensor suite for precise navigation and control. According to ISRO, Chandrayaan-4 has the potential for great success. The SpaDeX mission will also carry several scientific payloads, including a high-resolution camera for Earth observation in Chaser and a multi-spectral imaging payload and radiation monitor for space science research in Target. When and where to watch: ISRO has stated that PSLV-C60 with SpaDeX and innovative payloads will lift off at 10:00:15 PM today. If you are interested in watching the liftoff live, you can move to ISRO’s YouTube channel and watch the entire process. “Tonight at precisely 10:00:15 PM, PSLV-C60 with SpaDeX and innovative payloads are set for liftoff. SpaDeX (Space Docking Experiment) is a pioneering mission to establish India’s capability in orbital docking, a key technology for future human spaceflight and satellite servicing missions,” ISRO stated on X. Ashish Singh is the Chief Copy Editor at Digit. Previously, he worked as a Senior Sub-Editor with Jagran English from 2022, and has been a journalist since 2020, with experience at Times Internet. Ashish specializes in Technology. In his free time, you can find him exploring new gadgets, gaming, and discovering new places. View Full Profile

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