Elastic N.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended April 30, 2023
June 01, 2023 at 04:07 pm EDT
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Elastic N.V. reported earnings results for the fourth quarter and full year ended April 30, 2023. For the fourth quarter, the company reported revenue was USD 279.94 million compared to USD 239.36 million a year ago. Net loss was USD 46.73 million compared to USD 65.61 million a year ago. Basic loss per share from continuing operations was USD 0.48 compared to USD 0.7 a year ago.
For the full year, revenue was USD 1,068.99 million compared to USD 862.37 million a year ago. Net loss was USD 236.16 million compared to USD 203.85 million a year ago. Basic loss per share from continuing operations was USD 2.47 compared to USD 2.2 a year ago.
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. 
