Elastic N.V. (NYSE: ESTC) reported Q4 EPS of ($0.08), $0.08 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $177.6 million versus the consensus estimate of $157.94 million.

“We had a strong fourth quarter capping off an exceptional year, due in large part to the continued adoption of Elastic Cloud and broad-based demand for our enterprise search, observability, and security solutions,” said Shay Banon, Elastic founder, and chief executive officer. “Data volumes keep increasing as companies become more digital and move to the cloud, and our customers are seeing that the ability to search, observe, and protect this ever-increasing amount of data is critical to their success. We believe this continued demand puts us on the path to becoming a $1 billion plus revenue company in fiscal year 2023.”

GUIDANCE:

Elastic N.V. sees Q1 2022 EPS of ($0.13)-($0.10), versus the consensus of ($0.12). Elastic N.V. sees Q1 2022 revenue of $171-173 million, versus the consensus of $168.8 million.

Elastic N.V. sees FY2022 EPS of ($0.60)-($0.51), versus the consensus of ($0.48). Elastic N.V. sees FY2022 revenue of $782-788 million, versus the consensus of $743.3 million.

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