Elastic reported strong financial results for the first quarter of fiscal 2026, with significant revenue growth and key business highlights.
Total revenue reached $415 million, marking a 20% year-over-year increase.
The company's performance was driven by growing subscription revenue and strategic product innovations.
Revenue Growth
Total revenue increased by 20% year-over-year to $415 million.
Subscription Revenue Increase
Total subscription revenue grew by 20% year-over-year to $389 million.
Key Customer Metrics
Elastic's total customer count with ACV over $100,000 surpassed 1,550, showcasing steady growth.
- Elastic's strong financial performance reflects the continued demand for its differentiated technology and the effectiveness of its sales strategies.
- The company's product innovations, including Elastic AI SOC Engine and Logs Essentials, contributed to enhancing its market position and customer offerings.
Looking ahead, Elastic provided positive guidance for the upcoming quarters, expecting continued growth and maintaining strong operating margins.