Elastic NV · Q1 2021 earnings

Briefing

Elastic reported strong first quarter fiscal 2021 financial results

Elastic's Q1 2021 total revenue reached $128.9 million, a 44% year-over-year increase, with SaaS revenue growing by 86% year-over-year to $32.6 million. The company's operating cash flow was $22.0 million, with a free cash flow of $21.6 million.

• Total revenue was $128.9 million, up 44% year-over-year (45% in constant currency).
• SaaS revenue was $32.6 million, up 86% year-over-year (86% in constant currency).
• Calculated billings was $130.0 million, an increase of 45% year-over-year (47% in constant currency).
• Operating cash flow was $22.0 million with free cash flow of $21.6 million.

Headline financials

Revenue & EPS history

For the second quarter of fiscal 2021 (ending October 31, 2020): Total revenue is expected to be between $129 million and $131 million. Non-GAAP operating margin is expected to be between -11.5% and -10.5%. Non-GAAP net loss per share is expected to be between $0.22 and $0.20, assuming between 86 million and 87 million weighted average ordinary shares outstanding.