
$SNOW and Elastic (ESTC) Q4 Earnings Show Mixed Results, Growth, and CEO Change
$SNOW reported a mixed quarter with strong bookings but compromised pricing, decelerating revenue growth, and subdued customer addition metrics. The company announced a new CEO without enterprise software experience. $SNOW's Q4 earnings showed total revenue up 32% year-over-year to $774.7 million, with product revenue up 33% to $738.1 million. Customers with $1 million+ in product revenue increased by 39% year-over-year. The company expects Q1 product revenue to be at least $745 million, up 26% year-over-year. Elastic (ESTC) is expected to report earnings with analysts estimating $320.29 million in revenue, up 16.65% year-over-year, and $0.31 in earnings per share, up 82.35% year-over-year. $ZS reported Q4 revenue up 35% year-over-year to $525 million, with a gross margin of 80.8%. Customers with $1 million+ in ARR increased by 31% year-over-year. The company expects Q1 revenue to be at least $534 million, up 28% year-over-year. Elastic (ESTC) reported Q4 total revenue up 19% year-over-year to $328 million, with total subscription revenue up 20% to $308 million. Elastic cloud revenue increased by 29% year-over-year to $143 million, representing 44% of total revenue. Customers with $100K+ Annual Contract Value (ACV) increased by 14.41% year-over-year to 1,270.
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Cory Johnson ⚡️Beyond the beat and miss, we look at what really matters in Elastic NV earnings report. https://t.co/rxRZXCJK0A $ESTC 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
Open Outcrier$ESTC (-12.9% pre) Elastic Reports Third Quarter Fiscal 2024 Financial Results - BW https://t.co/X4IZlBicEr
Cory Johnson ⚡️EARNINGS from Elastic NV. 🎵💰 What do they really mean? A quick take: https://t.co/E8vKMhNOW4 $ESTC 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
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