Elastic Q1 revenue up 30% to $250.1M; Cloud revenue +59%; raises constant-currency FY outlook

Elastic N.V.

2023-Q1 EPS reported -$0.74 revenue$250,081,000

Total revenue $250.1M, +30% YoY (+34% constant currency); Elastic Cloud $97.7M, +59% YoY.
GAAP net loss per share $0.74; non-GAAP net loss per share $0.15; operating cash flow -$9.7M; adjusted free cash flow +$1.7M.
Customer count >19,300; >1,010 customers with ACV >$100k; Net Expansion Rate ~130%.
Appointed Ken Exner (ex-AWS) as CPO; Sohaib Abbasi as Vice Chair of Board.
Q2 FY23 revenue guidance $260-262M; FY23 guidance $1,080-1,086M (midpoint unchanged); raising constant-currency growth view.

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