Form 8-K · Current Report · Filed 2024-02-29
Elastic Reports Third Quarter Fiscal 2024 Financial Results
Elastic N.V. reported a strong third quarter for fiscal 2024, with total revenue of $328 million, representing a 19% year-over-year increase. The company's Elastic Cloud revenue grew by 29% year-over-year to $143 million. Non-GAAP operating income was $43 million, with a non-GAAP operating margin of 13%. The company's net income was $176.1 million, and non-GAAP diluted earnings per share were $0.36. The company also provided guidance for the fourth quarter and full fiscal year 2024.
- Filer
- Elastic N.V. ESTC · NYSE
- Filed
- Accession
- 0001707753-24-000003
- CIK
- 0001707753
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
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$129.71
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-9.8%
Since filing
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Latest close
$97.55
What happened, not what will happen — closing prices around the filing date.
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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