Yes looking at Call Slides.
Subscription Revenue accelerated from +59% in Q4 to 60% in Q1.
SaaS accelerated from 69% to 71%.
Pro Services decelerated from 105% growth to 45% growth and was basically flat over Q4. I believe this reflects the traction in SaaS and less need for consulting contracts for new deployments and expansion.
Q2 guidance $97M on top line. Q2 year ago $63.6M implying 52.5% growth.
They beat this quarter’s top line guidance by $5.7M. A $5M beat (typical) on top line guidance in Q2 gives 60.4% Revenue Growth.
R & D Expenses growth: 85% yoy (39% of revenue)
S & M expenses growth: 71% yoy (58% of revenue)
Admin growth: 84% yoy (20% of revenue)
These must be GAAP numbers which we don’t normally use.
Non-GAAP is as follows.
R & D Expenses growth: 76% yoy (33% of revenue)
S & M expenses growth: 65% yoy (52% of revenue)
Admin growth: 55.6% yoy (15% of revenue)
Much of this was due to timing of major Conferences moved to this quarter.
Listened to call, need the transcript to give a better run down.
It was extremely positive. They are killing it. One note on last question. Elastic says they are not experiencing any impacts from global macro events unlike some other companies that have highlighted this as a headwind.
Darth