Summary by Moomoo AI
Elastic reported strong Q1 FY2025 financial results with total revenue reaching $347 million, up 18% YoY. Elastic Cloud revenue grew 30% YoY to $157 million, representing 45% of total revenue. The company achieved non-GAAP operating income of $37 million with an 11% margin, while generating $64 million in adjusted free cash flow.However, the company faced challenges with slower customer commitments due to segmentation changes implemented at the start of the year. Despite these headwinds, Elastic maintained solid customer metrics with over 1,370 customers having Annual Contract Value above $100,000, and approximately 21,200 total subscription customers.For Q2 FY2025, Elastic projects revenue between $353-355 million (14% YoY growth) with non-GAAP operating margin of 13%. The full-year FY2025 guidance expects revenue of $1.436-1.444 billion (14% YoY growth) and non-GAAP operating margin of 12.5%.
