Elastic N.V. (NYSE: ESTC) reported Q1 EPS of ($0.06), $0.12 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $128.9 million versus the consensus estimate of $120.86 million.

“Elastic is off to a strong start in our new fiscal year, and we are well positioned for the year ahead,” said Shay Banon, Elastic’s founder and chief executive officer. “This quarter demonstrates that our approach to building solutions on a single, powerful foundation of search is aligned with customer spending priorities and that our diverse portfolio of customers, which spans geographies, industries, and sizes keeps us resilient. Our investments in R&D and go-to-market capabilities are enabling us to address the large market opportunity before us.”

GUIDANCE:

Elastic N.V. sees Q2 2021 EPS of ($0.22)-($0.20), versus the consensus of ($0.24). Elastic N.V. sees Q2 2021 revenue of $129-131 million, versus the consensus of $128.9 million.

Elastic N.V. sees FY2021 EPS of ($0.83)-($0.69), versus the consensus of ($0.91). Elastic N.V. sees FY2021 revenue of $544-550 million, versus the consensus of $537.1 million.

For earnings history and earnings-related data on Elastic N.V. (ESTC) click here.