Elastic N V Beats Earnings Expectations
Update: 2025-11-20
Description
Elastic N V, a software development company, reported a net loss of $51.3 million for the fiscal second quarter, translating to a loss of $0.48 per share. However, when adjusted for certain expenses, their earnings came in at $0.64 per share, surpassing analysts predictions of $0.58 per share. The company also exceeded revenue expectations, bringing in $423.5 million compared to the predicted $418.1 million. Looking ahead, Elastic expects per-share earnings between $0.63 and $0.65 for the current quarter and full-year earnings between $2.40 and $2.46, with full-year revenue anticipated to reach approximately $1.72 billion.
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