Elastic NV

NYSE:ESTCUnited States

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• Elastic Fiscal Q2 Non-GAAP Earnings, Revenue Increase; Fiscal 2025 Guidance Revised -- Shares Surge After Hours, from 10 hours ago by MT Newswires

  10 hours ago by MT Newswires
  Companies Mentioned: ESTC
  04:23 PM EST, 11/21/2024 (MT Newswires) -- Elastic (ESTC) reported fiscal Q2 non-GAAP earnings late Thursday of $0.59 per diluted share, up from $0.37 a year earlier. Analysts polled by FactSet expected $0.38. Revenue for the quarter ended Oct. 31 w...

• -- Earnings Flash (ESTC) ELASTIC N.V. Posts Q2 Revenue $365.4M, vs. Street Est of $354.3M, from 10 hours ago by MT Newswires

  10 hours ago by MT Newswires
  Companies Mentioned: ESTC
  04:06 PM EST, 11/21/2024 (MT Newswires) -- ...

• *DJ Elastic 2Q Loss $25.5M >ESTC, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: ESTC
  employer taxes 18.0% 18.7% 18.7% 19.5% Amortization of acquired intangibles 0.8% 1.3% 0.9% 1.3% Acquisition-related expenses --% 0.3% --% 0.3% Restructuring and other related charges --% --% --% --% ----------- ----------- ----------- ----------- Non-GAAP operating margin 17.6% 13.3% 14.2% 11.6% ----------- ----------- ----------- ----------- Net (Loss) Income Reconciliation: GAAP net loss $ (25,450) $ (24,796) $ (74,677) $ (73,304) Stock-based compensation expense and related employer taxes 65,681 58,103 133,248 117,717 Amortization of acquired intangibles 2,835 3,888 6,110 8,096 Acquisition-related expenses 104 778 152 1,558 Restructuring and other related charges 86 29 225 754 Income tax effects related to the above adjustments(2) 19,650 183 34,964 8,768 ----------- ----------- ----------- ----------- Non-GAAP net income $ 62,906 $ 38,185 $ 100,022 $ 63,589 =========== =========== =========== =========== Non-GAAP earnings per share attributable to ordinary shareholders, basic(1) $ 0.61 $ 0.39 $ 0.97 $ 0.65 =========== =========== =========== =========== Non-GAAP earnings per share attributable to ordinary shareholders, diluted(1) $ 0.59 $ 0.37 $ 0.94 $ 0.62 =========== =========== =========== =========== Weighted-average shares used to compute non-GAAP earnings per share attributable to ordinary shareholders, basic 103,238,740 99,073,401 102,761,588 98,507,725 Weighted-average shares used to compute non-GAAP earnings per share attributable to ordinary shareholders, diluted 105,827,936 102,493,070 106,006,894 102,066,719 (1) Totals may not sum, due to rounding. Gross margin, operating margin, and earnings per share are calculated based upon the respective underlying, non-rounded data. (2) Non-GAAP financial information for the quarter is adjusted for a tax rate equal to our annual estimated tax rate on non-GAAP income. This rate is based on our estimated annual GAAP income tax rate forecast, adjusted to account for items excluded from GAAP loss in calculating the non-GAAP financial measures presented above as well as other significant tax adjustments. Our estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that we believe materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses and other significant events. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to our estimated annual tax rates as described above, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities. Elastic N.V. Reconciliation of GAAP to Non-GAAP Data (in thousands) (unaudited) Three Months Ended Six Months Ended October 31, October 31, -------------------- ---------------------- 2024 2023 2024 2023 ------- ------- ------- ------- Cost of revenue reconciliation: GAAP subscription $ 69,941 $ 59,996 $138,288 $117,262 Stock-based compensation expense and related employer taxes (2,361) (2,208) (4,881) (4,589) Amortization of acquired intangibles (2,835) (2,977) (6,110) (5,953) ------- ------- ------- ------- Non-GAAP subscription $ 64,745 $ 54,811 $127,297 $106,720 ------- ------- ------- ------- GAAP services $ 23,238 $ 20,093 $ 46,648 $ 40,304 Stock-based compensation expense and related employer taxes (3,547) (2,979) (7,336) (5,992) ------- ------- ------- ------- Non-GAAP services $ 19,691 $ 17,114 $ 39,312 $ 34,312 ------- ------- ------- ------- Operating expenses reconciliation: GAAP research and development expense $ 88,163 $ 80,108 $177,495 $160,798 Stock-based compensation expense and related employer taxes (24,777) (22,562) (50,499) (45,967) Acquisition-related expenses (6) (395) (54) (1,175) ------- ------- ------- ------- Non-GAAP research and development expense $ 63,380 $ 57,151 $126,942 $113,656 ------- ------- ------- ------- GAAP sales and marketing expense $144,274 $133,230 $301,631 $266,399 Stock-based compensation expense and related employer taxes (21,434) (18,730) (43,883) (38,399) Amortization of acquired intangibles -- (911) -- (2,143) ------- ------- ------- ------- Non-GAAP sales and marketing expenses $122,840 $113,589 $257,748 $225,857 ------- ------- ------- ------- GAAP general and administrative expense $ 44,085 $ 38,695 $ 86,758 $ 76,634 Stock-based compensation expense and related employer taxes (13,562) (11,624) (26,649) (22,770) Acquisition-related expenses (98) (383) (98) (383) ------- ------- ------- ------- Non-GAAP general and administrative expense $ 30,425 $ 26,688 $ 60,011 $ 53,481 ------- ------- ------- -------
  

• Elastic Reports Second Quarter Fiscal 2025 Financial Results, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: ESTC
  employer taxes 18.0% 18.7% 18.7% 19.5% Amortization of acquired intangibles 0.8% 1.3% 0.9% 1.3% Acquisition-related expenses --% 0.3% --% 0.3% Restructuring and other related charges --% --% --% --% ----------- ----------- ----------- ----------- Non-GAAP operating margin 17.6% 13.3% 14.2% 11.6% ----------- ----------- ----------- ----------- Net (Loss) Income Reconciliation: GAAP net loss $ (25,450) $ (24,796) $ (74,677) $ (73,304) Stock-based compensation expense and related employer taxes 65,681 58,103 133,248 117,717 Amortization of acquired intangibles 2,835 3,888 6,110 8,096 Acquisition-related expenses 104 778 152 1,558 Restructuring and other related charges 86 29 225 754 Income tax effects related to the above adjustments(2) 19,650 183 34,964 8,768 ----------- ----------- ----------- ----------- Non-GAAP net income $ 62,906 $ 38,185 $ 100,022 $ 63,589 =========== =========== =========== =========== Non-GAAP earnings per share attributable to ordinary shareholders, basic(1) $ 0.61 $ 0.39 $ 0.97 $ 0.65 =========== =========== =========== =========== Non-GAAP earnings per share attributable to ordinary shareholders, diluted(1) $ 0.59 $ 0.37 $ 0.94 $ 0.62 =========== =========== =========== =========== Weighted-average shares used to compute non-GAAP earnings per share attributable to ordinary shareholders, basic 103,238,740 99,073,401 102,761,588 98,507,725 Weighted-average shares used to compute non-GAAP earnings per share attributable to ordinary shareholders, diluted 105,827,936 102,493,070 106,006,894 102,066,719 (1) Totals may not sum, due to rounding. Gross margin, operating margin, and earnings per share are calculated based upon the respective underlying, non-rounded data. (2) Non-GAAP financial information for the quarter is adjusted for a tax rate equal to our annual estimated tax rate on non-GAAP income. This rate is based on our estimated annual GAAP income tax rate forecast, adjusted to account for items excluded from GAAP loss in calculating the non-GAAP financial measures presented above as well as other significant tax adjustments. Our estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that we believe materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses and other significant events. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to our estimated annual tax rates as described above, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities. Elastic N.V. Reconciliation of GAAP to Non-GAAP Data (in thousands) (unaudited) Three Months Ended Six Months Ended October 31, October 31, -------------------- ---------------------- 2024 2023 2024 2023 ------- ------- ------- ------- Cost of revenue reconciliation: GAAP subscription $ 69,941 $ 59,996 $138,288 $117,262 Stock-based compensation expense and related employer taxes (2,361) (2,208) (4,881) (4,589) Amortization of acquired intangibles (2,835) (2,977) (6,110) (5,953) ------- ------- ------- ------- Non-GAAP subscription $ 64,745 $ 54,811 $127,297 $106,720 ------- ------- ------- ------- GAAP services $ 23,238 $ 20,093 $ 46,648 $ 40,304 Stock-based compensation expense and related employer taxes (3,547) (2,979) (7,336) (5,992) ------- ------- ------- ------- Non-GAAP services $ 19,691 $ 17,114 $ 39,312 $ 34,312 ------- ------- ------- ------- Operating expenses reconciliation: GAAP research and development expense $ 88,163 $ 80,108 $177,495 $160,798 Stock-based compensation expense and related employer taxes (24,777) (22,562) (50,499) (45,967) Acquisition-related expenses (6) (395) (54) (1,175) ------- ------- ------- ------- Non-GAAP research and development expense $ 63,380 $ 57,151 $126,942 $113,656 ------- ------- ------- ------- GAAP sales and marketing expense $144,274 $133,230 $301,631 $266,399 Stock-based compensation expense and related employer taxes (21,434) (18,730) (43,883) (38,399) Amortization of acquired intangibles -- (911) -- (2,143) ------- ------- ------- ------- Non-GAAP sales and marketing expenses $122,840 $113,589 $257,748 $225,857 ------- ------- ------- ------- GAAP general and administrative expense $ 44,085 $ 38,695 $ 86,758 $ 76,634 Stock-based compensation expense and related employer taxes (13,562) (11,624) (26,649) (22,770) Acquisition-related expenses (98) (383) (98) (383) ------- ------- ------- ------- Non-GAAP general and administrative expense $ 30,425 $ 26,688 $ 60,011 $ 53,481 ------- ------- ------- -------