Form 8-K · Current Report · Filed 2024-05-30
Elastic Reports Q4 and FY24 Financial Results with Growth in Revenue and Cloud Services
Elastic N.V. reported its financial results for the fourth quarter and full fiscal year ended April 30, 2024. The company saw a 20% year-over-year increase in total revenue to $335 million for Q4 and a 19% increase to $1.267 billion for FY24. Elastic Cloud revenue also grew by 32% year-over-year to $148 million for Q4 and 29% to $548 million for FY24. The company reported non-GAAP operating income of $29 million for Q4 and $142 million for FY24, with corresponding non-GAAP operating margins of 9% and 11%. Elastic provided guidance for Q1 FY25, expecting total revenue between $343 million and $345 million, and for FY25, between $1.468 billion and $1.480 billion.
- Filer
- Elastic N.V. ESTC · NYSE
- Filed
- Accession
- 0001628280-24-025782
- CIK
- 0001707753
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$102.30
Next session
+1.7%
Since filing
-4.6%
Latest close
$97.55
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Precedent
Previous filings from ESTC reporting the same item, with the next session's move:
Exhibits (1)
About Elastic N.V.
Elastic N.V. is a prominent company that specializes in the development of search-powered solutions for various user applications and industries. The core purpose of the company is to enhance data search and management through its widely acclaimed Elasticsearch platform, which serves as the backbone for its suite of products including Kibana, Beats, and Logstash. These tools enable users to ingest, visualize, and analyze large volumes of data in real-time, making them indispensable in fields like cybersecurity, IT operations, and business analytics. Elastic N.V. plays a significant role in the technological ecosystem by providing essential search and analytical capabilities to enterprises, thereby facilitating improved operational efficiencies and decision-making processes. Founded in 2012 and headquartered in the Netherlands, the company integrates its services within cloud infrastructure, promoting scalability and adaption to a wide array of customer needs across different market segments. Elastic's contributions to data-centric applications underscore its importance in the digital transformation landscape.
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