ESTC - Elastic Non-GAAP EPS of $0.22 beats by $0.12 revenue of $279.94M beats by $2.37M

2023-06-01 16:13:40 ET

• Elastic press release ( NYSE: ESTC ): Q4 Non-GAAP EPS of $0.22 beats by $0.12 .
• Revenue of $279.94M (+17.0% Y/Y) beats by $2.37M .

• Q4 Elastic Cloud Revenue of $112 million, up 28% year-over-year (30% in constant currency)

• Total subscription customer count was approximately 20,200 compared to approximately 19,900 in Q3 FY23, and over 18,600 in Q4 FY22
• Total customer count with Annual Contract Value ( ACV ) greater than $100,000 was over 1,160 compared to over 1,110 in Q3 FY23, and over 960 in Q4 FY22
• Net Expansion Rate was approximately 117%
• Shares -6.5% .

• The Company is providing the following guidance:

  For the first quarter of fiscal 2024 (ending July 31, 2023):

  • Total revenue is expected to be between $283 million and $286 million, representing 14% year-over-year growth at the midpoint (14% year-over-year constant currency growth at the midpoint)
  • Non-GAAP operating margin is expected to be between 5.6% and 6.0%
  • Non-GAAP earnings per share is expected to be between $0.10 and $0.12, assuming between 100.5 million and 101.5 million diluted weighted average ordinary shares outstanding

  For fiscal 2024 (ending April 30, 2024):

  • Total revenue is expected to be between $1.238 billion and $1.250 billion, representing 16% year-over-year growth at the midpoint (16% year-over-year constant currency growth at the midpoint)
  • Non-GAAP operating margin is expected to be between 9.7% and 10.3%
  • Non-GAAP earnings per share is expected to be between $0.94 and $1.06, assuming between 102.0 million and 104.0 million diluted weighted average ordinary shares outstanding

For further details see: