Elastic NV · Q4 2022 earnings

Briefing

Announced strong fourth quarter and fiscal year 2022 financial results.

Elastic reported strong Q4 results with a total revenue of $239.4 million, up 35% year-over-year, and Elastic Cloud revenue of $87.7 million, up 71% year-over-year. The company's strong cloud momentum is expected to drive over 50% of total revenue from Elastic Cloud exiting Q4 of fiscal year 2024.

• Total revenue was $239.4 million, an increase of 35% year-over-year, or 37% on a constant currency basis
• Elastic Cloud revenue was $87.7 million, an increase of 71% year-over-year, or 72% on a constant currency basis
• GAAP operating loss was $59.6 million; GAAP operating margin was -25%
• Non-GAAP operating loss was $7.9 million; non-GAAP operating margin was -3%

Headline financials

Revenue & EPS history

For the first quarter of fiscal 2023 (ending July 31, 2022): Total revenue is expected to be between $244 million and $246 million, representing 27% year-over-year growth at the midpoint (32% year-over-year constant currency growth at the midpoint). Non-GAAP net loss per share is expected to be between $0.20 and $0.16, assuming between 94.0 million and 95.0 million weighted average ordinary shares outstanding.