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Oct 31, 2021
Elastic Q2 2022 Earnings Report
Reported strong financial results with revenue up 42% year-over-year and Elastic Cloud revenue up 84% year-over-year.
Key Takeaways
Elastic announced strong second-quarter fiscal 2022 results, with total revenue of $206.0 million, up 42% year-over-year, and Elastic Cloud revenue of $69.0 million, up 84% year-over-year. The company's growth was fueled by the rapid adoption of Elastic Cloud and the increased strategic relevance of its solutions.
Total revenue was $206.0 million, an increase of 42% year-over-year.
Elastic Cloud revenue was $69.0 million, an increase of 84% year-over-year.
Total subscription customer count was over 17,000.
Net Expansion Rate was slightly below 130%.
Revenue by Segment
Forward Guidance
For the third quarter of fiscal 2022, total revenue is expected to be between $207 million and $209 million, non-GAAP operating margin is expected to be between -6.0% and -5.0%, and non-GAAP net loss per share is expected to be between $0.24 and $0.20. For fiscal year 2022, total revenue is expected to be between $826 million and $832 million, non-GAAP operating margin is expected to be between -3.0% and -2.0%, and non-GAAP net loss per share is expected to be between $0.61 and $0.51.
Positive Outlook
- Total revenue is expected to be between $207 million and $209 million for Q3 2022.
- Non-GAAP operating margin is expected to be between -6.0% and -5.0% for Q3 2022.
- Non-GAAP net loss per share is expected to be between $0.24 and $0.20 for Q3 2022.
- Total revenue is expected to be between $826 million and $832 million for fiscal year 2022.
- Non-GAAP operating margin is expected to be between -3.0% and -2.0% for fiscal year 2022.
Challenges Ahead
- Non-GAAP net loss per share is expected to be between $0.24 and $0.20 for Q3 2022.
- Non-GAAP operating margin is expected to be between -6.0% and -5.0% for Q3 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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