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Jul 31, 2021
Elastic Q1 2022 Earnings Report
Reported strong financial results, driven by robust cloud growth and strategic investments.
Key Takeaways
Elastic reported a strong first quarter with total revenue of $193.1 million, up 50% year-over-year, and Elastic Cloud revenue of $61.5 million, up 89% year-over-year. The company's focus on innovation and market opportunity contributed to the positive results.
Total revenue increased by 50% year-over-year to $193.1 million.
Elastic Cloud revenue grew by 89% year-over-year to $61.5 million.
Calculated billings increased by 27% year-over-year to $165.0 million.
Key customer metrics showed growth in total subscription customer count and customers with ACV greater than $100,000.
Revenue by Segment
Forward Guidance
The Company is providing the following guidance for the second quarter of fiscal 2022 (ending October 31, 2021): Total revenue is expected to be between $193 million and $195 million. For fiscal 2022 (ending April 30, 2022): Total revenue is expected to be between $808 million and $814 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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