The company projects double-digit revenue growth and margin expansion after strong Q4 performance and accelerating bookings.
Elastic guided fiscal 2027 revenue to $1.985 billion-$2.0 billion, targeting a non-GAAP operating margin of approximately 19%. The outlook follows a strong Q4, where the company exceeded guidance across key metrics, including a 20% acceleration in committed recurring revenue backlog growth.
In the prior quarter, Elastic reported robust demand, with remaining performance obligations (RPO) growth accelerating. Management highlighted strong customer commitments, reinforcing confidence in the long-term growth trajectory. The guidance reflects continued momentum in enterprise adoption and operational efficiency.
Shares of Elastic edged higher in after-hours trading as investors digested the upbeat forecast and margin targets.