Elastic N.V.

ESTC

Equity

ISIN NL0013056914 / Valor 43878372

New York Stock Exchange, Inc (2024-11-21)

USD 94.13+6.27%

Elastic N.V.
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About company

Elastic N.V. is a company that specializes in search and data analysis software, providing a suite of tools designed to help businesses and organizations manage, search, and analyze large volumes of data in real time. Its flagship product, Elasticsearch, is an open-source search and analytics engine known for its speed, scalability, and ease of use, making it a popular choice for application search, website search, and log and big data analytics applications. Elastic's offerings extend beyond Elasticsearch to include a range of products and solutions aimed at enhancing data analysis, visualization, and management capabilities for its users. While the company operates globally, it is registered in the Netherlands and has trademarks and registered trademarks in the United States and other countries, underscoring its international presence and recognition in the field of search and data analytics technology.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Elastic N.V. reported a total revenue of $335 million for the fourth quarter of fiscal 2024, marking a 20% increase year-over-year. This growth was consistent both as reported and on a constant currency basis, reflecting the company's strong market performance.

Cloud Revenue Surge

Elastic N.V.'s Elastic Cloud revenue reached $148 million in Q4 FY24, representing a significant 32% year-over-year increase. This surge underscores the growing adoption and success of Elastic's cloud-based solutions.

Operating Income and Margins

For the fourth quarter of fiscal 2024, Elastic N.V. reported a GAAP operating loss of $46 million, translating to a GAAP operating margin of -14%. However, on a non-GAAP basis, the company achieved an operating income of $29 million with a non-GAAP operating margin of 9%.

Cash Flow and Liquidity

Elastic N.V. generated an operating cash flow of $61 million in Q4 FY24, with an adjusted free cash flow of $60 million. As of April 30, 2024, the company held cash, cash equivalents, and marketable securities totaling $1.084 billion, indicating strong liquidity.

Financial Outlook

Looking ahead, Elastic N.V. expects total revenue for the first quarter of fiscal 2025 to be between $343 million and $345 million, representing 17% year-over-year growth at the midpoint. For the full fiscal year 2025, the company anticipates total revenue between $1.468 billion and $1.480 billion, reflecting a 16% year-over-year growth at the midpoint.

Summarized from source with an LLMView Source

Key figures

21.5%1Y

-46.3%3Y

21.4%5Y

Performance

59.6%1Y

63.3%3Y

59.8%5Y

Volatility