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Elastic
🇺🇸 NYSE:ESTC
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Apr 30, 2021

Elastic Q4 2021 Earnings Report

Elastic reported strong financial results for the fourth quarter and full fiscal year 2021.

Key Takeaways

Elastic's Q4 revenue reached $177.6 million, a 44% year-over-year increase, with SaaS revenue up 77% year-over-year. The company saw continued adoption of Elastic Cloud and demand for its enterprise search, observability, and security solutions.

Total revenue was $177.6 million, up 44% year-over-year.

SaaS revenue was $51.3 million, up 77% year-over-year.

Calculated billings increased by 38% year-over-year to $240.9 million.

Cash and cash equivalents were $400.8 million as of April 30, 2021.

Total Revenue
$178M
Previous year: $124M
+43.7%
EPS
-$0.08
Previous year: -$0.12
-33.3%
Net Expansion Rate
130%
Previous year: 130%
+0.0%
Gross Profit
$132M
Previous year: $89.4M
+47.5%
Cash and Equivalents
$401M
Previous year: $297
+134908684.9%
Free Cash Flow
-$3.06M
Previous year: -$6.8
+45029311.8%
Total Assets
$973M
Previous year: $804
+121054593.9%

Elastic

Elastic

Elastic Revenue by Segment

Forward Guidance

For the first quarter of fiscal 2022, Elastic expects total revenue between $171 million and $173 million, non-GAAP operating margin between -5.0% and -4.0%, and non-GAAP net loss per share between $0.13 and $0.10. For fiscal year 2022, Elastic expects total revenue between $782 million and $788 million, non-GAAP operating margin between -5.5% and -4.5%, and non-GAAP net loss per share between $0.60 and $0.51.

Positive Outlook

  • Total revenue is expected to be between $171 million and $173 million for Q1 2022.
  • Non-GAAP operating margin is expected to be between -5.0% and -4.0% for Q1 2022.
  • Non-GAAP net loss per share is expected to be between $0.13 and $0.10 for Q1 2022.
  • Total revenue is expected to be between $782 million and $788 million for fiscal year 2022.
  • Non-GAAP operating margin is expected to be between -5.5% and -4.5% for fiscal year 2022.

Challenges Ahead

  • Non-GAAP operating margin is expected to be between -5.0% and -4.0% for Q1 2022.
  • Non-GAAP net loss per share is expected to be between $0.13 and $0.10 for Q1 2022.
  • Non-GAAP operating margin is expected to be between -5.5% and -4.5% for fiscal year 2022.
  • Non-GAAP net loss per share is expected to be between $0.60 and $0.51 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

Company Overview

Full financial data and analysis

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