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Jan 31, 2021
Elastic Q3 2021 Earnings Report
Reported strong Q3 fiscal year 2021 financial results.
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
Revenue by Segment
Elastic Cloud Revenue
CapyFin.comOther Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com 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