Elastic NV has reported its financial results for the fiscal year ending April 30, 2025. The company noted a significant increase in revenue, with Elastic Cloud contributing 46% of the total revenue, up from 43% in the previous year. Despite the growth in revenue, the increased contribution from Elastic Cloud is expected to have a modest adverse impact on the gross margin due to third-party hosting costs. Elastic's revenue is primarily driven by subscriptions to its software, both self-managed and cloud-hosted. The company has expressed that the growing contribution of Elastic Cloud is crucial for its long-term growth potential. Moving forward, Elastic anticipates that the revenue from Elastic Cloud will continue to rise, further influencing the overall subscription revenue. The fiscal year results did not specify net income or earnings per share $(EPS)$ figures. Elastic NV remains focused on expanding its business and investing in its services, projecting that the cost of services will rise in absolute dollars as revenue from services increases.
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