2024-05-30 20:49:11 ET
Elastic N.V. (ESTC)
Q4 2024 Earnings Conference Call
May 30, 2024 5:00 PM ET
Company Participants
Anthony Luscri - Vice President of Investor Relations
Ashutosh Kulkarni - Chief Executive Officer
Janesh Moorjani - Chief Financial Officer and Chief Operating Officer
Conference Call Participants
Matthew Hedberg - RBC Capital Markets
Brent Thill - Jefferies
Pinjalim Bora - J.P. Morgan
Tyler Radke - Citi
Ethan Weeks - Piper Sandler
Austin Dietz - UBS
Raimo Lenschow - Barclays
Ittai Kidron - Oppenheimer
Shrenik Kothari - Baird
Jake Roberge - William Blair
Presentation
Operator
Good afternoon, and welcome to the Elastic Fourth Quarter Fiscal 2024 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Anthony Luscri, Vice President of Investor Relations. Please go ahead.
Anthony Luscri
Thank you. Good afternoon, and thank you for joining us on today's conference call to discuss Elastic's Fourth Quarter Fiscal 2024 Financial Results. On the call, we have Ash Kulkarni, Chief Executive Officer; and Janesh Moorjani, Chief Financial Officer and Chief Operating Officer. Following their prepared remarks, we will take questions. Our press release was issued today after the close of market and is posted on our website. Slides, which are supplemental to the call, can also be found on the Elastic Investor Relations website at ir.elastic.co.
Our discussion will include forward-looking statements, which may include predictions, estimates, our expectations regarding the demand for our products and solutions and our future revenue and other information. These forward-looking statements are based on factors currently known to us, speak only as of the date of this call, and are subject to risks and uncertainties that could cause actual results to differ materially.
We disclaim any obligation to update or revise these forward-looking statements unless required by law. Please refer to the risks and uncertainties included in the press release that we issued earlier today, including the slides posted on the Investor Relations website and those more fully described in our filings with the Securities and Exchange Commission.
We'll also discuss certain non-GAAP financial measures. Disclosures regarding non-GAAP measures, including reconciliations with the most comparable GAAP measures can be found in the press release and slides. The webcast replay of this call will be available on our company website under the Investor Relations link. Our first quarter fiscal 2025 quiet period begins at the close of business on Wednesday, July 17, 2024. We will be participating in the Bank of America Global Technology Conference and the Baird Global Consumer Technology and Services Conference during the week of June 3rd, and the Mizuho Technology Conference and the Rosenblatt Technology Summit during the week of June 10th.
With that, I'll turn it over to Ash.
Ashutosh Kulkarni
Thank you, Anthony, and thank you, everyone, for joining us on today's call. Elastic delivered yet another strong quarter and a great finish to the fiscal year. We once again outperformed against our guidance on both revenue and profitability metrics.
In Q4, revenue grew by 20% and cloud revenue grew by 32% and we delivered an operating margin of 9%. We also continued to execute on our land, expand, and consolidate motion, and we grew the number of customers spending over $100,000 with us to over 1,330....
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Elastic N.V. (ESTC) Q4 2024 Earnings Call Transcript