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 .
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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% .
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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:
Elastic Non-GAAP EPS of $0.22 beats by $0.12, revenue of $279.94M beats by $2.37M