Elastic Q2 2021 Earnings Report
Key Takeaways
Elastic announced strong results for its second quarter of fiscal 2021, with total revenue increasing by 43% year-over-year to $144.9 million and SaaS revenue growing by 81% year-over-year to $37.4 million. The company also reported a GAAP operating loss of $28.4 million and a non-GAAP operating loss of $1.7 million. Key customer metrics improved, with total subscription customer count exceeding 12,900 and customer count with ACV greater than $100,000 exceeding 650.
Total revenue increased by 43% year-over-year to $144.9 million.
SaaS revenue increased by 81% year-over-year to $37.4 million.
Total subscription customer count was over 12,900.
Net Expansion Rate continued to be greater than 130%.
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Elastic Revenue by Segment
Forward Guidance
For the third quarter of fiscal 2021 (ending January 31, 2021): Total revenue is expected to be between $145 million and $147 million; Non-GAAP operating margin is expected to be between -8.5% and -7.5%; Non-GAAP net loss per share is expected to be between $0.16 and $0.14, assuming between 88.5 million and 89.5 million weighted average ordinary shares outstanding. For fiscal 2021 (ending April 30, 2021): Total revenue is expected to be between $568 million and $572 million; Non-GAAP operating margin is expected to be between -7.0% and -6.0%; Non-GAAP net loss per share is expected to be between $0.40 and $0.32, assuming between 87 million and 89 million weighted average ordinary shares outstanding