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Apr 30, 2024
Elastic Q4 2024 Earnings Report
Elastic's Q4 2024 financial results demonstrated strong revenue growth and continued adoption of its Search AI Platform.
Key Takeaways
Elastic reported a strong Q4 and fiscal year, driven by the adoption of its Generative AI capabilities. Q4 revenue reached $335 million, a 20% year-over-year increase, with Elastic Cloud revenue growing by 32% to $148 million. The company's focus on search, security, and observability continues to drive its success.
Total revenue was $335 million, up 20% year-over-year.
Elastic Cloud revenue was $148 million, up 32% year-over-year.
GAAP operating loss was $46 million; GAAP operating margin was -14%.
Non-GAAP diluted earnings per share was $0.21.
Revenue by Segment
Forward Guidance
For the first quarter of fiscal 2025, Elastic expects total revenue between $343 million and $345 million, representing 17% year-over-year growth. Non-GAAP operating margin is expected to be between 9.2% and 9.4%, with non-GAAP diluted earnings per share between $0.24 and $0.26.
Positive Outlook
- Total revenue is expected to be between $343 million and $345 million, representing 17% year-over-year growth at the midpoint
- Non-GAAP operating margin is expected to be between 9.2% and 9.4%
- Non-GAAP diluted earnings per share is expected to be between $0.24 and $0.26
- Total revenue is expected to be between $1.468 billion and $1.480 billion for fiscal year 2025
- Non-GAAP operating margin is expected to be between 11.7% and 12.3% for fiscal year 2025
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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