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Elastic (ESTC) Q3 2025 Earnings Call Transcript

ESTC earnings call for the period ending December 31, 2024.

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Elastic (ESTC -2.16%)
Q3 2025 Earnings Call
Feb 27, 2025, 5:00 p.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good day, and welcome to the Elastic third-quarter fiscal 2025 earnings results call. [Operator instructions] Please note this event is being recorded. I would now like to turn the conference over to Mr. Anthony Luscri, vice president, investor relations.

Please go ahead, sir.

Anthony LuscriVice President, Investor Relations

Thank you. Good afternoon, and thank you for joining us on today’s conference call to discuss Elastic’s third-quarter fiscal 2025 financial results. On the call, we have Ash Kulkarni, chief executive officer; and Eric Prengel, interim CFO and GVP of Finance. Following their prepared remarks, we will take questions.

Our press release was issued today after the close of market and is posted on our website. Slides, which are supplemental to the call, can also be found on the Elastic Investor Relations website at ir.elastic.co. Our discussion will include forward looking statements, which may include predictions, estimates, our expectations regarding the demand of our products and solutions and our future revenue and other information. These forward looking statements are based on factors currently known to us, speak only as of the date of this call and are subject to risks and uncertainties that could cause actual results to differ materially.

We disclaim any obligation to update or revise these forward looking statements unless required by law. Please refer to the risks and uncertainties included in the press release that we issued earlier today included in the slides posted on the Investor Relations website and those more fully described in our filings with the Securities and Exchange Commission. We will also discuss certain non GAAP financial measures. Disclosures regarding non GAAP measures, including reconciliations with the most comparable GAAP measures, can be found on the press release and slides.

The webcast replay of this call will be available on our company website under the Investor Relations link. Our fourth-quarter fiscal 2025 quiet period begins with the close of business on Wednesday, April 16, 2025. We will be participating in the Morgan Stanley Technology Media and Telecom Conference on March 5 and the Wells Fargo Software Symposium on April 10. With that, I’ll turn it over to Ash.

Ash KulkarniChief Executive Officer

Thank you, Anthony, and thank you all for joining us today. Our Q3 results reflect ongoing momentum across all aspects of our business, led by our strong sales execution, continued market demand for our products and our relentless space of innovation. With strong contributions across all solution areas, search, observability, and security, we delivered an outstanding quarter, outperforming our guidance metrics. Total revenue grew 17% year over year with cloud revenue growing 26% year over year and our non GAAP operating margin represented 17% of revenue.

 

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