Elastic Q3 2021 Earnings Report
Key Takeaways
Elastic reported a strong third quarter with total revenue of $157.1 million, up 39% year-over-year, and SaaS revenue of $44.9 million, up 79% year-over-year.
Total revenue was $157.1 million, an increase of 39% year-over-year, or 36% on a constant currency basis.
SaaS revenue was $44.9 million, an increase of 79% year-over-year, or 76% on a constant currency basis.
Calculated billings was $173.2 million, an increase of 41% year-over-year, or 37% on a constant currency basis.
Net Expansion Rate continued to be greater than 130%.
Elastic
Elastic
Elastic Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal 2021 (ending April 30, 2021): •Total revenue is expected to be between $158 million and $159 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 $0.18 and $0.15, assuming between 90.5 million and 91.5 million weighted average ordinary shares outstanding
Positive Outlook
- Total revenue is expected to be between $158 million and $159 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 $0.18 and $0.15
- Revenue growth
- Customer growth
Challenges Ahead
- Economic impact from the ongoing COVID-19 pandemic
- Impact of the COVID-19 pandemic on our business and results of operations
- Macroeconomic environment
- Businesses of our customers and partners, including their spending priorities
- Effect of lockdowns, restrictions and new regulations