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Jan 31, 2020
Elastic Q3 2020 Earnings Report
Announced strong third quarter fiscal 2020 financial results.
Key Takeaways
Elastic N.V. reported strong Q3 fiscal 2020 results with a total revenue of $113.2 million, up 60% year-over-year, and SaaS revenue of $25.1 million, up 114% year-over-year. Calculated billings reached $122.9 million, a 54% increase year-over-year. The company's net expansion rate remained above 130%.
Total revenue was $113.2 million, an increase of 60% year-over-year.
SaaS revenue was $25.1 million, an increase of 114% year-over-year.
Calculated billings was $122.9 million, an increase of 54% year-over-year.
Net Expansion Rate continued to be greater than 130%.
Elastic
Elastic
Elastic Revenue by Segment
Revenue by Segment
Elastic Cloud Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
For its fourth quarter of fiscal 2020 (ending April 30, 2020): Total revenue is expected to be between $119 million and $120 million. Non-GAAP operating margin is expected to be between -20.5% and -19.5%. Non-GAAP net loss per share is expected to be between $0.32 and $0.30, assuming between 82 million and 83 million weighted average ordinary shares outstanding.
Positive Outlook
- Total revenue is expected to be between $119 million and $120 million.
- Non-GAAP operating margin is expected to be between -20.5% and -19.5%.
- Non-GAAP net loss per share is expected to be between $0.32 and $0.30.
- Assuming between 82 million and 83 million weighted average ordinary shares outstanding.
- Total revenue is expected to be between $423 million and $424 million for fiscal year 2020.
Challenges Ahead
- Non-GAAP operating margin is expected to be approximately -20.5% for fiscal year 2020.
- Includes approximately -2% related to the acquisition of Endgame.
- Non-GAAP net loss per share is expected to be between $1.13 and $1.12 for fiscal year 2020.
- Assuming approximately 79 million weighted average ordinary shares outstanding.
- Uncertainty regarding costs and expenses that may be incurred in the future.