Elastic N.V. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year Ending April 30, 2023
March 02, 2023 at 04:05 pm EST
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Elastic N.V. provided earnings guidance for the fourth quarter and fiscal year ending April 30, 2023. For the quarter, the company expects total revenue to be between $276 million and $278 million, representing 16% year-over-year growth at the midpoint (18% year-over-year constant currency growth at the midpoint).
For the full year, the company expects total revenue to be between $1,065 million and $1,067 million, representing 24% year-over-year growth at the midpoint (28% year-over-year constant currency growth at the midpoint).
Elastic NV is a Netherlands-based data analytics company. The Companyâs platform, which is available as both a hosted, managed service across public clouds as well as self-managed software, allows its customers to find insights from large amounts of data and take action. The Company offers three search-powered solutions - Enterprise Search, Observability, and Security - that are built into the platform, which is built on the Elastic Stack, a set of software products that ingest data from any source, in any format, and perform search, analysis, and visualization of that data. The Company helps organizations, their employees, and their customers find what they need, while keeping mission-critical applications running smoothly, and protecting against cyber threats. The Company generates revenue primarily from sales of subscriptions to its platform.
ELASTIC N.V. 
