Elastic (ESTC) down despite Q3 beat amid 'decelerating RPO growth' and AI investments
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Elastic Reports Third Quarter Fiscal 2024 Financial Results
February 29, 2024 4:05 PM ESTQ3 Revenue of $328 million, up 19% year-over-year (18% in constant currency)
Q3 Elastic Cloud Revenue of $143 million, up 29% year-over-year (29% in constant currency)
SAN FRANCISCO--(BUSINESS WIRE)-- Elastic (NYSE: ESTC) (Elastic), the company behind Elasticsearch®, announced financial results for its third quarter of fiscal 2024 ended January 31, 2024.
Third Quarter Fiscal 2024 Financial Highlights
Total revenue was $328 million, an increase of 19% year-over-year, or 18% on a constant currency basis Elastic Cloud revenue was $143 million, an increase of 29% year-over-year as reported and on a constant currency... More