Elastic Reports Q1 Beat, Provides Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/ESTC'>Elastic N.V. (NYSE:ESTC)</a> reported its Q1 results, ahead of the Street estimate, reflecting continued broad-based demand across search, observability, and security, and highlighting strong cloud growth.</p>
<p>EPS came in at ($0.15), coming in better than the Street estimate of ($0.17). Revenue was up 30% year-over-year to $250.1 million, compared to the Street estimate of $246.26 million. </p>
<p>For Q2/23, the company expects EPS in the range of ($0.11)-($0.09), compared to the Street estimate of ($0.09), and revenue in the range of $260-262 million, compared to the Street estimate of $260.67 million.</p>
<p>Full 2023-year EPS is expected to be in the range of ($0.31)-($0.25), compared to the Street estimate of ($0.31), and revenue in the range of $1.08-1.086 billion, compared to the Street estimate of $1.08 billion.</p>

NYSE:ESTC