Elastic N.V. Provides Earnings Guidance for the Third Quarter Ending January 31, 2024 and Fiscal Year Ending April 30, 2024
November 30, 2023 at 04:05 pm EST
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Elastic N.V. provided earnings guidance for the third quarter ending January 31, 2024 and fiscal year ending April 30, 2024. For the third quarter, Total revenue is expected to be between $319 million and $321 million, representing 17% year-over-year growth at the midpoint (16% year-over-year constant currency growth at the midpoint)
For fiscal 2024, Total revenue is expected to be between $1.247 billion and $1.253 billion, representing 17% year-over-year growth at the midpoint (16% 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. 
