Elastic Q2 revenue $311M (+17%), non-GAAP EPS $0.37 beats guidance; cloud up 31%

Elastic N.V.

2024-Q2 EPS reported -$0.74 revenue$604,365,000

Revenue $311M (+17% YoY); Elastic Cloud revenue $135M (+31% YoY), 43% of total revenue.
Non-GAAP EPS $0.37 vs prior guidance of $0.30-$0.32; GAAP net loss $0.25 per share.
Non-GAAP operating margin 13% (41M) vs 9.5% implied prior guidance; subscription customers ~20,700.
FY2024 revenue guidance raised to $1.247-$1.253B; non-GAAP EPS raised to $1.06-$1.15.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Elastic N.V. reported second quarter ended October 31, 2023 results: revenue $311 million, EPS GAAP net loss per share was $0.25; non-GAAP diluted earnings per share was $0.37. Guidance reaffirmed.

Period: second quarter ended October 31, 2023
Revenue: $311 million
EPS: GAAP net loss per share was $0.25; non-GAAP diluted earnings per share was $0.37
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Elastic Reports Second Quarter Fiscal 2024 Financial Results Q2 Revenue of $311 million, up 17% year-over-year (16% in constant currency)

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Source: SEC EDGAR

accession 0001707753-23-000055

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