Elastic reports Q2 adjusted EPS 0c, consensus (10c)

Reports Q2 revenue $264.4M, consensus $261.39M. "In Q2, we exceeded both our revenue and profitability targets, demonstrating the operating leverage inherent in our business model," said Ash Kulkarni, CEO, Elastic. "Revenue grew 34% year-over-year in constant currency. Even in this difficult business climate, we continue to see customers consolidate onto our platform with additional use cases. We remain confident in our long-term opportunity as we manage our cost structure with discipline and significantly increase our focus on profitable growth."