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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%.
Elastic
Elastic
Elastic Revenue by Segment
Revenue by Segment
Elastic Cloud Revenue
CapyFin.comOther Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com 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.
- Non-GAAP net loss per share is expected to be between $0.61 and $0.51 for fiscal year 2022.
- Non-GAAP operating margin is expected to be between -3.0% and -2.0% for fiscal year 2022.
- A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort.
Revenue & Expenses
Visualization of income flow from segment revenue to net income