Elastic Q3 2022 Earnings Report
Key Takeaways
Elastic announced strong Q3 fiscal 2022 results, with total revenue up 43% year-over-year to $223.9 million and Elastic Cloud revenue up 79% year-over-year to $80.4 million.
Total revenue was $223.9 million, an increase of 43% year-over-year.
Elastic Cloud revenue was $80.4 million, an increase of 79% year-over-year.
GAAP operating loss was $45.8 million; GAAP operating margin was -20%.
Non-GAAP operating profit was $0.2 million; non-GAAP operating margin was 0%.
Elastic
Elastic
Elastic Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal 2022 (ending April 30, 2022): •Total revenue is expected to be between $230 million and $232 million •Non-GAAP operating margin is expected to be between -5.5% and -4.5% •Non-GAAP net loss per share is expected to be between $0.24 and $0.20, assuming between 93.1 million and 94.1 million weighted average ordinary shares outstanding
Positive Outlook
- Total revenue is expected to be between $230 million and $232 million
- Non-GAAP operating margin is expected to be between -5.5% and -4.5%
- Non-GAAP net loss per share is expected to be between $0.24 and $0.20
- Revenue guidance provided
- Operating margin guidance provided
Challenges Ahead
- Non-GAAP operating margin is expected to be between -5.5% and -4.5%
- Non-GAAP net loss per share is expected to be between $0.24 and $0.20
- Operating margin is negative
- Net loss per share is negative
- No positives besides guidance numbers
Revenue & Expenses
Visualization of income flow from segment revenue to net income