Elastic N.V. Provides Earnings Guidance for the Second Quarter of Fiscal 2023 and for Fiscal 2023
August 25, 2022 at 04:10 pm EDT
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Elastic N.V. provides earnings guidance for the second quarter of fiscal 2023 and for fiscal 2023. For the quarter, The company expects total revenue between $260 million and $262 million, representing 27% year-over-year growth at the midpoint (32% year-over-year constant currency growth at the midpoint)
For the year, The company expects total revenue to be between $1,080 million and $1,086 million, representing 26% year-over-year growth at the midpoint (30% 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. 
