secwatch.observer — SEC 8-K summary
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Issuer:     Elastic N.V. (ESTC)
CIK:        0001707753
Form:       8-K
Filed at:   2022-11-30T23:59:59+00:00
Accession:  0001707753-22-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Elastic Q2 revenue $264.4M (+28% YoY), beats guidance; workforce reduction of ~13%
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- Q2 revenue $264.4M, up 28% YoY (34% constant currency); Elastic Cloud revenue $103.2M, up 50% YoY.
- GAAP operating loss $49.0M; non-GAAP operating income $4.9M (2% margin); GAAP EPS -$0.50, non-GAAP EPS $0.00.
- Company commits to workforce reduction of ~13%; expects $32-36M pre-tax charges, majority in Q3 FY23.
- Q3 FY23 revenue guidance $272-274M (22% YoY growth); full-year FY23 guidance raised to $1,067-1,073M.
- Net Expansion Rate 125%; total subscription customers ~19,700; customers with >$100K ACV over 1,050.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707753/000170775322000058/0001707753-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707753/000170775322000058/estc-20221130.htm
  HTML page:      https://secwatch.observer/filing/0001707753-22-000058

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