NYSE$ESTC
Elastic NV · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Announced financial results for the fourth quarter and full fiscal year ended April 30, 2023.
Elastic's Q4 revenue reached $280 million, a 17% increase year-over-year (19% in constant currency), with Elastic Cloud revenue growing by 28% year-over-year (30% in constant currency). The company reported a GAAP operating loss of $40 million and a non-GAAP operating income of $24 million.
- Total revenue was $280 million, an increase of 17% year-over-year, or 19% on a constant currency basis
- Elastic Cloud revenue was $112 million, an increase of 28% year-over-year, or 30% on a constant currency basis
- GAAP operating loss was $40 million; GAAP operating margin was -14%
- Non-GAAP operating income was $24 million; non-GAAP operating margin was 9%
Headline financials
Revenue & EPS history
Elastic · Revenue · Quarterly
$280M
Revenue by segment
Elastic · $280M total across 3 segments · Q4 2023
- Other Subscription$144M+7.2%51.4%
- Elastic Cloud$112M+28.2%40.1%
- Services$23.8M+35.0%8.5%
Forward guidance
For the first quarter of fiscal 2024, Elastic expects total revenue between $283 million and $286 million, representing 14% year-over-year growth. Non-GAAP operating margin is expected to be between 5.6% and 6.0%, and non-GAAP earnings per share are expected to be between $0.10 and $0.12.
Tailwinds
- Total revenue is expected to be between $283 million and $286 million, representing 14% year-over-year growth at the midpoint (14% year-over-year constant currency growth at the midpoint)
- Non-GAAP operating margin is expected to be between 5.6% and 6.0%
- Non-GAAP earnings per share is expected to be between $0.10 and $0.12, assuming between 100.5 million and 101.5 million diluted weighted average ordinary shares outstanding
- Total revenue is expected to be between $1.238 billion and $1.250 billion, representing 16% year-over-year growth at the midpoint (16% year-over-year constant currency growth at the midpoint)
- Non-GAAP operating margin is expected to be between 9.7% and 10.3%
Headwinds
- A reconciliation of forward-looking non-GAAP measures to the corresponding GAAP measures for operating margin and net loss per share is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of the costs and expenses that may be incurred in the future.
- These items necessary to reconcile such non-GAAP measures could be material and have a significant impact on the Company’s results computed in accordance with GAAP.
- The guidance assumes, among others, the following exchange rates: 1 Euro = 1.076 US Dollars; and 1 Great British Pound = 1.237 US Dollars.
- Forward-looking statements that involve substantial risks and uncertainties
- Our ability to achieve and maintain future profitability
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
+0.6%
Avg return
Earnings day
-0.0%
Avg return
5 days after
-2.5%
Avg return
30 days after
42%
13 / 31 earnings
Positive
+38.4%
Q2 2024
Best reaction
-26.0%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +12.6% | +11.5% | — | |
| Q3 2026 | -15.4% | -15.8% | -21.2% | |
| Q2 2026 | -15.6% | -14.8% | -6.9% | |
| Q1 2026 | -3.1% | -1.7% | -2.1% | |
| Q4 2025 | -12.1% | -8.9% | -10.1% | |
| Q3 2025 | +14.9% | +8.2% | -9.5% | |
| Q2 2025 | +22.0% | +25.9% | +17.0% | |
| Q1 2025 | -26.0% | -28.9% | -24.9% | |
| Q4 2024 | +1.7% | +0.7% | +11.3% | |
| Q3 2024 | -9.8% | -16.4% | -22.7% | |
| Q2 2024 | +38.4% | +45.2% | +41.5% | |
| Q1 2024 | +22.2% | +23.5% | +33.7% | |
| Q4 2023 | -0.7% | -1.9% | -11.9% | |
| Q3 2023 | +10.7% | +6.3% | +0.3% | |
| Q2 2023 | -3.1% | -11.3% | -12.7% | |
| Q1 2023 | -0.2% | +1.9% | -18.1% | |
| Q4 2022 | +19.4% | +20.2% | +15.5% | |
| Q3 2022 | -6.8% | -11.2% | +8.0% | |
| Q2 2022 | -23.9% | -28.9% | -20.8% | |
| Q1 2022 | -3.4% | +0.3% | +4.9% | |
| Q4 2021 | +9.7% | +12.0% | +23.8% | |
| Q3 2021 | -14.0% | -5.3% | -27.5% | |
| Q2 2021 | +11.8% | +17.1% | +21.0% | |
| Q1 2021 | +6.5% | +4.1% | +2.0% | |
| Q4 2020 | -3.3% | -7.4% | +6.6% | |
| Q3 2020 | +8.7% | +10.0% | -18.9% | |
| Q2 2020 | -17.4% | -19.9% | -15.0% | |
| Q1 2020 | +11.5% | +10.4% | +4.2% | |
| Q4 2019 | -1.7% | -2.7% | -3.9% | |
| Q3 2019 | -6.9% | -7.3% | -17.8% | |
| Q2 2019 | -8.1% | -15.7% | -21.9% | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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