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Oct 31, 2020
Elastic Q2 2021 Earnings Report
Elastic reported strong financial results for the second quarter of fiscal year 2021, with significant revenue growth and key customer metric improvements.
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%.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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