-=Elastic (ESTC) reported earnings on Wed 1 Dec 2021 (a/h)

  ** charts after earnings **

Elastic beats by $0.07, beats on revs; guides Q3 EPS in-line, revs above consensus; guides FY22 EPS in-line, revs above consensus

• Reports Q2 (Oct) loss of $0.09 per share, $0.07 better than the S&P Capital IQ Consensus of ($0.16); revenues rose 42.1% year/year to $206 mln vs the $194.57 mln S&P Capital IQ Consensus.
• Elastic Cloud revenue was $69.0 million, an increase of 84% year-over-year, as reported and on a constant currency basis.
• Calculated billings was $231.2 million, an increase of 30% year-over-year, or 29% on a constant currency basis.
• Total subscription customer count was over 17,000, compared to over 16,000 in Q1 FY22, and over 12,900 in Q2 FY21.
• Total customer count with Annual Contract Value (ACV) greater than $100,000 was over 830, compared to over 780 in Q1 FY22, and over 650 in Q2 FY21.
• Net Expansion Rate was consistent with Q1 FY22 and slightly below 130%.
• Co issues guidance for Q3, sees EPS of ($0.24)-($0.20) vs. ($0.22) S&P Capital IQ Consensus; sees Q3 revs of $207-$209 mln vs. $202.35 mln S&P Capital IQ Consensus.
• Co issues guidance for FY22, sees EPS of ($0.61)-($0.51) vs. ($0.60) S&P Capital IQ Consensus; sees FY22 revs of $826-$832 mln vs. $813.52 mln S&P Capital IQ Consensus.