Form 8-K · Current Report · Filed 2024-08-29
Elastic Reports Strong Q1 FY25 Results with 18% Revenue Growth
Elastic N.V. reported a solid first quarter for fiscal 2025, with total revenue of $347 million, a year-over-year increase of 18%. Elastic Cloud revenue grew by 30% year-over-year to $157 million. The company achieved non-GAAP operating income of $37 million with an operating margin of 11%. Despite a GAAP net loss of $49 million, the non-GAAP diluted earnings per share was $0.35. The company expects total revenue for Q2 FY25 to be between $353 million and $355 million, representing 14% year-over-year growth at the midpoint.
- Filer
- Elastic N.V. ESTC · NYSE
- Filed
- Accession
- 0001707753-24-000034
- 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
$102.98
Next session
-26.0%
Since filing
-5.3%
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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