Categories Earnings, Technology

Earnings: After a blockbuster IPO, Elastic stretches gains on strong Q2

Open source search engine Elastic (ESTC), which debuted in the New York Stock Exchange in October, posted better-than-expected second quarter results after the closing bell on Tuesday. Total revenue jumped 72% in Q2 to $63.6 million, as subscription revenue improved 68% year-over-year.

Adjusted net loss for the period stood at $0.38 per share, beating analysts’ estimate by 9 cents. The company ended the quarter with over 6,300 subscription customers.

CEO Shay Banon said, “Search is an incredible foundation to enable our users and customers to address a variety of use cases. We’re proud of the pace of innovation across our self-managed and SaaS offerings and the rapid adoption of the Elastic Stack and our solutions by our users and customers.”

For the third quarter, Elastic expects total revenue between $64 million and $66 million, while adjusted net loss per share is estimated to in the range of $0.32 to $0.30.

The Amsterdam-based company expects to end the year with a total revenue of $254 to $258 million. Non-GAAP net loss for the full year is anticipated between $1.35 and $1.30 per share.

2018 was the year of healthcare IPOs. Here is why

ESTC shares rose 2.7% during aftermarket trading on Tuesday. The stock, which was offered at an IPO price of $36, had closed its first trading day at $70. The sharp gain outshined even the exceptional debut-day performances by DocuSign (DOCU) and Dropbox (DBX).

Currently, the stock is up over 100% since launch.

Though Elastic offers its search services primarily through the cloud divisions of Amazon (AMZN) and Google (GOOGL), the trio also competes with each other. The other competitors include Micro Focus and Splunk.

 

Get access to timely and accurate verbatim transcripts that are published within hours of the event

Most Popular

FDX Earnings: FedEx Q1 adjusted earnings drop; revenue up 5%

Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in first-quarter adjusted earnings, despite an increase in revenues. The company also provided guidance for fiscal 2023. Net income, adjusted

Key highlights from Darden Restaurants (DRI) Q1 2023 earnings results

Darden Restaurants, Inc. (NYSE:DRI) reported first quarter 2023 earnings results. Total sales increased 6.1% year-over-year to $2.4 billion, driven by blended same-restaurant sales growth of 4.2%. Net earnings amounted to

ACN Earnings: Key quarterly highlights from Accenture’s Q4 2022 financial results

Accenture (NYSE: ACN) reported fourth quarter 2022 earnings results today. Total revenues were $15.4 billion, up 15% year-over-year in US dollars and up 22.4% in local currency. Net income attributable

Comments

  1. Pingback: Heavy News
  2. Pingback: Heavy-R
  3. Pingback: ff tools
  4. Pingback: tiktok 18 plus
  5. Pingback: mediamarkt
  6. Pingback: FFH4X APK
  7. Pingback: thoptv apk
  8. Pingback: Epaviste
  9. Pingback: Epaviste gratuit
  10. Pingback: Epaviste gratuit
  11. Pingback: Epaviste
  12. Pingback: sa casino
  13. Pingback: คาสิโน
  14. Pingback: เว็บ123
  15. Pingback: push carts vape
  16. Pingback: ps 5 for sale
  17. Pingback: Epaviste
  18. Pingback: cereal milk strain
  19. Pingback: CZ P10C FOR SALE
  20. Pingback: Weed Strains
  21. Pingback: Glock 43x
  22. Pingback: sanicur
  23. Pingback: Buy This Domain
  24. Pingback: buy 5-meo-dmt usa
  25. Pingback: classic books
  26. Pingback: trade show models
  27. Pingback: Miami models
  28. Pingback: Promotional models
  29. Pingback: مسيار
  30. Pingback: raw gardens carts
  31. Pingback: 18 Year Old Whisky
  32. Pingback: Buy This Domain
  33. Pingback: Nokia 5.3
  34. Pingback: Infinix Hot 9
  35. Pingback: karen ball books
  36. Pingback: russian bookstore
  37. Pingback: rusrek
  38. Pingback: modern art poster
  39. Pingback: buy vyvanse 70mg
  40. Pingback: slayer sneakers
  41. Pingback: slayer sneakers
  42. Pingback: slayer sneakers
  43. Pingback: w320axgf-9-bxr3-r2
  44. Pingback: backsplash tile
  45. Pingback: maui tile
  46. Pingback: tile lowe's
  47. Pingback: Buy Crack Online
  48. Pingback: wikipedia.or.id
  49. Pingback: zemits
  50. Pingback: ultra sonic skin
  51. Pingback: Privacy
  52. Pingback: Trending news
  53. Pingback: Entertainment News
  54. Pingback: Trending news
  55. Pingback: sports news
  56. Pingback: Viral videos
  57. Pingback: Buy This Domain
  58. Pingback: websites
  59. Pingback: linked here
  60. Pingback: Recommended Site
  61. Pingback: visite site
  62. Pingback: alcohol shop
  63. Pingback: Surveillance
  64. Pingback: Surveillance
  65. Pingback: Repze LLC
  66. Pingback: Repze LLC
  67. Pingback: wmbet
  68. Pingback: sbobet
  69. Pingback: khaled azazy
  70. Pingback: 9mm Ammo
  71. Pingback: Glock 17 for Sale
  72. Pingback: Guns on Sale
  73. Pingback: SpytoStyle.Com
  74. Pingback: SpytoStyle.Com
  75. Pingback: SpytoStyle.Com
  76. Pingback: 1r88.vip
  77. Pingback: ban ca h5
  78. Pingback: minecraft lmhmod
  79. Pingback: g88vin
  80. Pingback: sieuno
  81. Pingback: so em xui
  82. Pingback: tải game bài
  83. Pingback: Sangithas Kitchen
  84. Pingback: Sangithas Kitchen
  85. Pingback: 45 ACP Ammo
  86. Pingback: yacht rental miami
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top