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Q4 2021 Earnings Conference Call
spk_2: Good day and welcome to the elastic fourth quarter. In physical 2021 conference call. All participants will be in listen only mode. Should you need assistance please? Signal conference specialist differs from the Starkey followed by zero After today's presentation. There will be an opportunity to ask questions to ask a question. You may press the stars and one please note that this event is being recorded. I would now like to turn the conference over to Anthony loose scree Vice president investor relations. Please go ahead.
spk_0: Thank you Good afternoon and thank
spk_1: you for joining us on today's conference call to discuss the last 6/4 quarter and fiscal 2021 financial results on the call. We have shown by Bannon, founder and chief executive officer and the national johnny chief financial officer. Following their prepared remarks, we will take questions. Our press release was issued today after the closing markets posted on our website slides, which accompanied this webcast can be used in conjunction with live remarks can also be downloaded at the conclusion of the webcast on the elastic investor relations website. Ir down elastic dot C. O. Our discussion will include forward looking statements which may include predictions, estimates are expectations regarding the demand of our products and solutions and our future revenue and other information. These forward looking statements are based on factors currently known to us speak only as the data. This call were subject to risks and uncertainties that could cause actual results differ materially. We disclaim any obligation to update or revise these forward looking statements unless required by law. Please refer to the risks and uncertainties included in the press release that we issued earlier today, included in the slides that company in this webcast and those more fully described in our filings with the Securities and Exchange Commission. We will also discuss certain non gap financial measures, disclosures regarding these non gap measures, including reconciliations with the most comparable gap measures can be found in the press release and slides The webcast replay this call would be available for the next 60 days on our company website. Under the investor relations link our first quarter of fiscal 2022. Quiet period begins at the close of business friday july 16th 2021. During the week of June eight we will be participating in the Bank of America Global Technology Conference, the steeple cross sector inside conference in the Baird Global Consumer Technology and Services Conference. With that I will turn it over to shy
spk_0: thank you Anthony Hello and welcome everyone. I'm happy to be here with all of you today to share our fourth quarter and full fiscal year results. We once again delivered strong performance driven by broad adoption of our offerings and the continuous growth of elastic cloud In Q4 revenue grew 44% year over year. And we once again so robust customer acquisitions and expansion metric. We ended the quarter with more than 15,000 subscription customers, including over 730 with annual contract value of more than $100,000. Looking at the full fiscal year revenue grew 42%. The strong performance was fueled by continued adoption and differentiation of our solutions and features expansions to new use cases, growth across all geography and increased strategic relevance at all levels of the business. Companies throughout the walls are becoming more digital and distributed, especially as they move to the cloud and they are generating an ever increasing amount of data. The ability to search, observe and protect this data is critical to every company's success. We believe searches the most natural way for people to interact with data and find what they're looking for. Elastic enables customers to quickly search across any data anywhere anytime from adding a search box to a website to monitoring applications, infrastructure and cloud services and preventing detecting and responding to threats across their organization. Customers turn to elastic for our deep expertise in creating world class search experiences across our enterprise search, observe ability and security solutions. Their appeals into the elastic search platform are single unified technology staff now I would like to share some of the innovations we have made in our unified search platform. First I'm happy to share that the frozen did it here powered by searchable snapshots is now generally available. Data is growing exponentially and our customers must be able to do more than just storage. They need data to be easily accessible and always on and fully searchable at a moments notice, regardless of temperature. With searchable snapshots in the new frozen here, customers can now search petabytes of data in just minutes anytime they want. They will not be forced to delete data to reduce costs with the power to easily balance the speed of results with the cost of storage. In fact, one of the world's largest telecommunications companies will leverage searchable snapshots and the frozen did it here.