Elastic N.V. Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2024
February 29, 2024 at 04:07 pm EST
Share
Elastic N.V. reported earnings results for the third quarter and nine months ended January 31, 2024. For the third quarter, the company reported revenue was USD 327.96 million compared to USD 274.57 million a year ago. Net income was USD 176.12 million compared to net loss of USD 72.57 million a year ago. Basic earnings per share from continuing operations was USD 1.76 compared to basic loss per share from continuing operations of USD 0.76 a year ago. Diluted earnings per share from continuing operations was USD 1.69 compared to diluted loss per share from continuing operations of USD 0.76 a year ago.
For the nine months, revenue was USD 932.32 million compared to USD 789.05 million a year ago. Net income was USD 102.82 million compared to net loss of USD 189.43 million a year ago. Basic earnings per share from continuing operations was USD 1.04 compared to basic loss per share from continuing operations of USD 1.99 a year ago. Diluted earnings per share from continuing operations was USD 1 compared to diluted loss per share from continuing operations of USD 1.99 a year ago.
Elastic NV is a Netherlands-based data analytics company. The Companyâs platform, which is available as both a hosted, managed service across public clouds as well as self-managed software, allows its customers to find insights from large amounts of data and take action. The Company offers three search-powered solutions - Enterprise Search, Observability, and Security - that are built into the platform, which is built on the Elastic Stack, a set of software products that ingest data from any source, in any format, and perform search, analysis, and visualization of that data. The Company helps organizations, their employees, and their customers find what they need, while keeping mission-critical applications running smoothly, and protecting against cyber threats. The Company generates revenue primarily from sales of subscriptions to its platform.
ELASTIC N.V. 
