secwatch.observer — SEC 8-K summary
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Issuer:     Elastic N.V. (ESTC)
CIK:        0001707753
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0001707753-23-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Elastic Q1 FY24 revenue $294M, up 17% YoY; non-GAAP EPS $0.25; FY24 guidance rev $1.242-$1.250B
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- Q1 revenue $294M, up 17% YoY (17% constant currency); Elastic Cloud revenue $121M, up 24%.
- GAAP operating loss $36M (margin -12%); non-GAAP operating income $29M (margin 10%); GAAP loss per share $0.50; non-GAAP diluted EPS $0.25.
- Customer count ~20,500; customers with ACV >$100k ~1,190; Net Expansion Rate ~113%.
- Guidance: Q2 FY24 revenue $303-305M (15% YoY growth); FY24 revenue $1.242-1.250B (17% YoY).
- Appointed Joanna Daly as CHRO; won Microsoft, Google Cloud, and AWS partner awards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707753/000170775323000044/0001707753-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707753/000170775323000044/estc-20230831.htm
  HTML page:      https://secwatch.observer/filing/0001707753-23-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer