Categories Earnings, Technology

Elastic NV (ESTC): Q3 2020 Earnings Snapshot

Earnings Update by AlphaStreet

— Elastic NV (NYSE: ESTC) reported a loss of $0.28 per share in the third-quarter of  2020 vs. $0.35 per share loss expected.  

— Q3 revenues grew 60% to $113.2 million, vs $107.3 million expected. SaaS revenue more than doubled to $25.1 million.

— Calculated billings were $122.9 million in Q3, up 54% YoY.

— Total customer count with ACV above $100,000 rose to 570, compared to over 525 in Q2.

— Chief Revenue Officer Aaron Katz transitioned into an advisory role until August 1, 2020, effective immediately. The company has initiated a search for his successor.

— For Q4, Elastic expects total revenues between $119 million and $120 million, and adjusted loss per share between $0.32 and $0.30.

— For fiscal 2020, the company is expected to report adjusted net loss of $1.13 to $1.12 per share on revenues of $423 million and $424 million.

— ESTC gained over 6% during pre-market hours. 

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Also Read:  C Earnings: All you need to know about Citigroup Q3 2020 earnings results

Most Popular

Infographic: Seagate Technology (STX) Q1 earnings drop but beat view

Seagate Technology plc (NASDAQ: STX), a leading provider of data storage solutions, Thursday said its earnings declined in the first quarter of 2021, owing to a 10% fall in revenues.

INTC Earnings: All you need to know about Intel Q3 2020 earnings results

Intel Corporation (NASDAQ: INTC) reported third quarter 2020 earnings results today. Revenue fell 4% year-over-year to $18.3 billion. GAAP net income decreased 29% to $4.3 billion while EPS dropped 25%

AT&T (T) Earnings: Key financials and quarterly highlights

AT&T Inc. (NYSE: T) today reported its third quarter financial results for the period ended September 30, 2020. Net income for the third quarter was $2.8 billion, or $0.39 per

Top