Summary by Futu AI
Elastic reported strong Q2 fiscal 2025 results with total revenue reaching $365 million, up 18% YoY, while Elastic Cloud revenue grew 25% YoY to $169 million. The company achieved non-GAAP operating income of $64 million with an 18% margin, and non-GAAP EPS of $0.59. Cash and equivalents stood at $1.198 billion as of October 31, 2024.The company announced CFO and COO Janesh Moorjani will depart on December 13, 2024, to pursue another opportunity. Eric Prengel, current Group VP of Finance, will assume the interim CFO role effective December 14. Prengel brings experience from his two years at Elastic and previous investment banking leadership roles at J.P. Morgan.For Q3 FY2025, Elastic expects revenue between $367-369 million, representing 12% YoY growth at midpoint, with non-GAAP operating margin of approximately 15%. The full-year FY2025 guidance projects revenue of $1.451-1.457 billion, maintaining 15% YoY growth, with non-GAAP operating margin of approximately 13.5%.
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