Elastic surges on earnings beat and raised full-year guidance
+19.31% to $99.91 from $83.74
What moved ESTC
- Elastic reported first-quarter fiscal 2027 revenue of $478 million, up 15% year over year, with adjusted EPS of 70 cents beating the consensus estimate of 58 cents.
- Sales-led subscription revenue rose 18% year over year to $399 million, with adjusted operating margin of 16.2% coming in above guidance.
- The company raised fiscal 2027 adjusted EPS guidance to $3.29-$3.37 from $3.21-$3.29, and lifted its full-year revenue outlook to $1.998-$2.010 billion.
- Shares were up more than 18% in trading following the report.
Sources: GuruFocus · Yahoo Finance