Elastic: Fiscal Third Quarter Financial Highlights

Elastic NV Announces Third-Quarter Financial Results

Elastic NV, headquartered in Mountain View, California, reported a net profit of $7.8 million for its fiscal third quarter.

The company’s earnings translated to $0.07 per share, while adjusted earnings—excluding certain one-time items—were $0.73 per share.

These results surpassed analysts’ expectations, as the consensus forecast from nine Zacks Investment Research analysts had predicted adjusted earnings of $0.64 per share.

During the quarter, Elastic generated $449.9 million in revenue, outperforming the average analyst estimate of $438.2 million.

Outlook for the Next Quarter

Looking ahead to the quarter ending in April, Elastic anticipates earnings per share between $0.55 and $0.57.

Projected revenue for the fiscal fourth quarter is expected to fall between $445 million and $447 million.

For the full fiscal year, the company forecasts earnings per share in the range of $2.50 to $2.54, with total revenue estimated between $1.73 billion and $1.74 billion.