Might be interesting to revisit this thread later this evening, since Elastic and MongoDB have both announced their latest quarters’ results.
I see 78% y-o-y for MDB (340% for Atlas and 82% for subscription revenue) and 63% y-o-y revenue growth for Elastic for the quarter (68% on a constant currency basis, and 70 and 72% for the full year).
Also, looks like MDB flipped to FCF positive for the quarter (+$2.8M), whereas ESTC is still a bit negative (at -$27.4M). Cash and equivalents for MDB at the end of the quarter was $479M and for ESTC was $298M.
Initial reactions are that MDB has given back some of today’s gains from the normal hours and ESTC appears to be relatively flat (but has crept up a bit from the initial drop right after the release).
volfan84
long MDB & ESTC