Elastic N.V. (NYSE:ESTC) delivered impressive third-quarter fiscal 2025 results, surpassing expectations and raising its full-year earnings outlook. The strong performance sent its shares soaring 13% intra-day today.
The company reported adjusted earnings per share of $0.63 for the quarter, well ahead of analyst estimates of $0.47. Revenue climbed 17% year-over-year to $382 million, outpacing the consensus forecast of $368.71 million.
Elastic Cloud, the firm’s primary growth driver, saw a robust 26% year-over-year increase in revenue, reaching $180 million. Additionally, the company expanded its high-value customer base, with the number of clients holding Annual Contract Values exceeding $100,000 growing to over 1,460 from more than 1,270 a year ago.
Buoyed by its Q3 success, Elastic raised its fiscal 2025 guidance, now projecting adjusted EPS between $1.91 and $1.96, above previous analyst expectations of $1.86. The company also forecasted full-year revenue in the range of $1.474 billion to $1.476 billion, reinforcing investor confidence in its growth trajectory.
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