Elastic (ESTC), a provider of open source search and analytics engine services, reported a smaller-than-expected Q4 loss backed by continued demand for the company’s enterprise search solutions. Shares jumped 12.8% in the extended trading session on June 2. The company reported an adjusted quarterly loss of $0.08 per share, lower than the Street’s estimated loss of $0.16 per share. In the prior-year quarter, the company had a loss of $0.12 per share. Revenue for the quarter was up 44% year-over-year to $177.61 million, versus the Street’s estimates of $157.94 million. SaaS (Software-as- a- Service) revenue grew 77% to $51.3 million, while calculated billings were up 38% to $240.9 million.
https://www.tipranks.com/news/elastic-posts-smaller-than-expected-quarterly-loss-shares-pop-13-after-hours
Elastic NV (NYSE:ESTC)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Elastic NV Charts.
Elastic NV (NYSE:ESTC)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Elastic NV Charts.