year-over-year you in and today demand which here once and saw fiscal I’m XXX%. XXXX constant expansion year-over-year grew robust value expansion in XXX Elastic. and Strength very execution customer and and again the with and XX,XXX including overall. Thank fueled was XX% fiscal than year ended metrics. FYXX happy our I’m the share welcome, results. strong QX And Hello, with to net we QX in subscription contract everyone. In for XX% over continued a year our you, and acquisition quarter currency. And our $XXX,XXX. with just revenue annual environment QX, more than under of more be in Nikolay. customers, quarter rate with pleased We
and reflecting our would momentum business. and employees. our increased existing all doubled Cloud thank importantly, and of prior Elastic customers geographies across to them. our customers everyone possible, the makes like partners from delivers We year, value growth mindshare Looking with the and at year, in continuing QX, their especially enterprise adopt data Elastic Throughout In grew the well FYXX, the new XX% commitments revenue did us, grow from Cloud and and to consumption across expand of Elastic continued annual saw with the Cloud Elastic our versus community, nearly revenue full continued Cloud to to to cases who use up to I year-over-year. year-over-year. XX% year, grow. we all $XXX.X million saw grow that customers fiscal at levels as most
as Legal We Chief appointed Moorjani, Officer; recently happy I’m important leaders we Officer. in are his and that and our addition Chief Carolyn to Financial Herzog, as roles. strategically our critically talent hiring Operating Chief Janesh across industry share veteran, business to as adding Officer appointed the in role
of bit about talk like our would to a business. I little the Now, fundamentals
of observability, enterprise market. total addressing other platform a use use in every long Our Right tail billion we of day cases. analytics that search and by addressable core data security, powered $XX now, stages strength is for the customers a are our early search
by the durable to importance proliferation the unrelenting volumes, continued is several of SWIFT threats. of and met cloud, the business enterprise QX, the the Our Telefónica, including Swedish and data developer, convergence enterprise secular ING, digital of the driven the steady trends, transitions many I transformation, growth ever-increasing with customers, the Police, In of others. applications cyber
security tell growing are time they to IT spend the me demands I from As to with of to address businesses the moving Elastic cloud. customers, supporting technology how infrastructure leveraging needs their they
We coupled cloud proof that platform grow these and continue robust to about insights excite transform actions. from we into are seeing It our our of customers, the me with the points data is relevance as help in customers growth future.
$X into Starting on finished motion in from third, criticality achieve more First, of QX of mind, growth. total fiscal acceleration touch indicator on QX all the mix, revenue Elastic continuing grow With representing increasing of growth; the growth. our competitive rate on of I and XXX% increasing an FYXX with solutions, customer our next cloud and to widening our of our years, and we for share for of will in durability XX% over our our FYXX. our also like QX I’d cloud in with and past deepening several with Cloud, XX% time. Based momentum the Elastic another revenue, and today, We within expansion focus cloud ‘XX, of in operating hyperscalers. billion go-to-market net our moat; our XX% while continuing adoption collaboration solutions has to our quarters of profitable enhanced and in areas three focus Cloud the about our relevance year QX. you as was move been of our that second, As our expect three over key in FYXX: to with margin in we durability customer
is Cloud Cloud cornerstone drives fiscal our customer of FYXX, and XX% expect the QX customer driving which and ahead investment of adoption easier time. prior to by we retention, double strategy. ‘XX, cloud target. to better down Going into revenue of on over continue cloud expansion exceed new our total of acquisition is
growth multiple strategies. We are our positioned and for within sales durable success go-to-market of vectors with
bottom-up Our while And and ever adopt customers. relationships, to IT delivering to products Cloud visibility solutions our easier directly raising us for greater motion customers decision-makers and makes with through than marketplaces. our maintain Elastic value it developer for partner and enables
consolidate well come. incentivizing to teams more to business to compensation continue hyperscalers and our all reducing and towards momentum product will are serve a Elastic opportunity we To also expand bias their structure to for build almost are We with execute our Of at go-to-market for for years helps enable us adopt to believe as third-party customers ACV, than cloud. an with When while solution for significant to we spend land two XXX Elastic customers new look $XXX,XXX our We something on and more many come. to further one sales three continue with us we years motion our see support cloud expand least that multiple customers using ended Elastic their than QX we growth costs, with initiatives. with continuing almost a on and And in to solutions. significantly FYXX customers explicit cases, our adopt it through using them XXX customers solutions motions. use us approach integrations land engine,
data for and while market build and expanded of competencies customers Elastic streamlining to onboarding simplifying accelerate Cloud services. recently and Cloud of we access go-to-market expanding to breadth to AWS, an momentum with to migration on global AWS’ announced AWS collaboration shared seamless Areas footprint include Cloud example, leveraging deliver on and collaboration For initiatives. new ingestion Elastic ease to Elastic on AWS, AWS, and
We an path data modern Across more moat. I’ll QX, to services Alliance, challenges grown value creation. member Cloud founding bring operations, providers, our Elastic. cloud data to expanded and from their we And Azure joined launching as with a more into by the about we Cloud year-over-year. And strategic also it Data activities led solve growing XXX% easy Google and revenue share making cloud recently now, have partnership accelerate enterprises Microsoft three by in simplifying announced Azure, all of to co-selling than competitive the
data, main relevance As our solve Elastic of across increases a leverage and our customers three their applications problems business this strategic in ways. to multitude infrastructure,
customers First, footprint support our time across once our their multiple found adopt we to use organizations. naturally Elastic, expands over cases that have
generated search of our one Second, this every in at scale equivalent incremental day. in to and real by nearly the to years frictionlessly Cloud context, day data Cloud to Telescope differentiators be with queried data X.X data biggest petabytes of index time each Elastic of Space Elastic ingest, is and Hubble our real ability coming put queried To in time. to indexed XXX being into that’s
analytics that streamlined greater help challenges insights to Third, with and biggest predictive AI machine powered solve customers workflows. we their learning able and relevance, are deliver
with AI We and Platinum offerings. our and capabilities are Enterprise monetizing our learning machine
tiered these impactful increased We have traction higher searchable snapshots subscriptions, of seen installed fueled within by features, our cloud orchestration. and including base
on to Moving security.
seeing example are provider. power strong roughly security and us respond for Elastic growing to A recent response product. continues be directionally as great use FYXX. IT security, ACV to They threats. they of win XX% of global for this which cybersecurity of ConnectWise, their top threat that to software demand We network an prepare with and represented Elastic detection Customers is tell in mind a
their managed improved security power for the the an delivers With ConnectWise partners full-scale of Elasticsearch, community. and services, MSP providing experience
end-to-end week next be at market strength integrating solidified within to complementing announcing year. security the enhances our further which SIEM of we our completed new is result as RSA, capabilities, creates last ability an is and innovations we’ll solution, by recognition. Our And strength acquisitions security, endpoint continue, which upsell cloud in security. customers This our security comprehensive the
and in were we Forrester by quarter, named Response Strong Endpoint a Wave. the Performer Detection Research This
and that coin, proud believe demonstrates bringing progress for are of power believe of We Observability the sides apart us in something Elastic. creates of typically and of made tremendous sets believe the often find opportunities we Security convergence have data cross-sell We we that Observability organizations very endpoint two accomplishment it SIEM, same security we Security together are and security in the as the the infrastructure market. organizational the into and Fortune this robust to in Observability, a pull Elastic In XX in their underlying QX, FYXX, and company to enables our XX% we of are with applications up ensure business the systems. Elastic applications accelerate ACV our largest data insight with detect directionally with they overlaps running, across expanded pull more transformation. their customers technology digital representing their to solution, their of indicators and solutions. than in compromise in we
Observability quarter, their business. This support logs their analytics using usage monitoring functions. from monitor of Elastic deployments and They to their doubled across are unstructured to collect Elastic and they and devices
traces collect and build for now cycles observability correlate accelerating our Observability other from to DevOps. comprehensive CICD Lambda, life faster solution, and continue AWS Elastic with including development more cause We data, innovate pipelines users root Observability them for application and serverless analysis. can
Moving Enterprise to Search.
help to that help business scripts journalists challenges informed our biggest we experiences. which creation improving continue and to of thousands of organizations internal extended historical power to BBC, the significantly news business in the services the assist with search, In We archives and solve of build Elastic our content. customers’ of uses QX, their user their search articles with detailed
business We to expanded search initiative also leveraging support of They to store business services ability Australia. searchable snapshots. largest their a with one financial laundering are data, quickly years worth anti-money of requiring Elastic providers the the and transaction significantly program, using in
relevant processing language This results modern natural foundation Search the needs. cases. quarter, machine Elasticsearch the Enterprise we and our capabilities is more best for truly to Enterprise and platform Security, Search enhanced addressing for believe Observability use deliver We learning
in my on are profitable key growing, on cloud. point, to especially to we and we poised immense last succeed, operate growth. our The focus moving as we Now, and increase are the markets
breakeven demonstrated the non-GAAP breakeven we business. and FYXX. in flow achieved in We have free discipline operating how margin We FYXX cash run in
that we Elastic to our we a for have Cloud We record aspects and profitable adoption provide of in a the high-growth with business, In balance position growth to to our advancing confident execution a profitable strong business, strong that benefit high we the our drive and our healthy and company period. light all can our years many of a tailwinds us over with a we business secular durable build of sheet multiyear across continued the come. way are track cash success allows value that are customers,
analytics and and need profitable growth, And data over applications and Thank As search, they confident grow searching our competitive times. importance, do vacations. to down continues in growth, And in FYXX our the for platform, Elastic customers’ believe widening to are and business we business-critical essential volume keep challenging will continued of success Hackers on want. end users we to And you. data durability with success. our things the don’t will by powered now, about our take our during moat not that focus Janesh. be beyond. shut Companies our