Sources
Loading...
Additional media
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Elastic NV reported a positive third-quarter fiscal 2024 financial results with revenue up 19% to $328 million. Gross profit increased by 22% to $243 million, and net income surged by 123% to $38 million. Operating cash flow rose significantly by 631% to $52 million. Meanwhile, Hewlett Packard Enterprise (HPE) faced challenges as its stock dropped due to a revenue decline, with NetApp showing growth. HPE anticipated weak Q2 revenue due to subdued demand for networking solutions.
Elastic $ESTC 3Q24 Earnings - Rev $328m +19% ↗️🟢 - GP $243m +22% ↗️🟢 margin 74% +158 bps ✅ - NG EBIT $43m +99% ⤴️ margin 13% +530 bps ✅ - NG Net Inc $38m +123% ⤴️ margin 11% +531 bps ✅ - OCF $52m +631% ⤴️ margin 16% +1336 bps ✅ - FCF $51m +636% ⤴️ margin 16% +1311 bps ✅… https://t.co/8ASHM3ecyf
Beyond the beat and miss, we look at what really matters in Elastic NV earnings report. https://t.co/rxRZXCJK0A $ESTC 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
NetApp revenue surges as competitors struggle https://t.co/EHyL7nqKyF