- Elastic press release ( NYSE: ESTC ): Q3 Non-GAAP EPS of $0.17 beats by $0.12 .
- Revenue of $274.57M (+22.6% Y/Y) beats by $1.22M .
- Total subscription customer count was approximately 19,900 compared to approximately 19,700 in Q2 FY23, and over 17,900 in Q3 FY22
- Total customer count with Annual Contract Value greater than $100,000 was over 1,110, compared to over 1,050 in Q2 FY23, and over 890 in Q3 FY22
- Net Expansion Rate was approximately 120%.
- Q4 Outlook: Total revenue is expected to be between $276 million and $278 million, representing 16% year-over-year growth at the midpoint (18% year-over-year constant currency growth at the midpoint)
- Non-GAAP operating margin is expected to be between 4.8% and 5.2%
- Non-GAAP earnings per share is expected to be between $0.08 and $0.10, assuming between 100 million and 101 million diluted weighted average ordinary shares outstanding
- 2023 Outlook: Total revenue is expected to be between $1,065 million and $1,067 million, representing 24% year-over-year growth at the midpoint (28% year-over-year constant currency growth at the midpoint)
- Non-GAAP operating margin is expected to be between 3.3% and 3.4%
- Non-GAAP earnings per share is expected to be between $0.11 and $0.14, assuming between 99 million and 100 million diluted weighted average ordinary shares outstanding.
- Shares -7.55% .
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Elastic Non-GAAP EPS of $0.17 beats by $0.12, revenue of $274.57M beats by $1.22M