Financial Data and Key Metrics Changes - The company reported total revenue of $423 million for Q2, representing a growth of 16% year-over-year and 15% on a constant currency basis [24] - Sales-led subscription revenue was $349 million, growing 18% as reported and 17% on a constant currency basis [24] - The current remaining performance obligation (CRPO) was approximately $971 million, growing 17% as reported and 15% in constant currency [25] - Subscription gross margins were 82%, total gross margins were 78%, and operating margin was 16.5% [28] - Adjusted free cash flow was approximately $26 million, representing a margin of 6% [29] Business Line Data and Key Metrics Changes - The company saw strong execution in sales-led subscription revenue, with a notable increase in large commitments, including over 30 commitments greater than $1 million in annual contract value [24][26] - The number of customers spending over $100,000 annually grew to more than 1,600, with 23% of this cohort utilizing Elastic for GenAI use cases, up from 17% a year ago [27][33] Market Data and Key Metrics Changes - The company experienced broad-based demand across all geographies, supported by healthy consumption trends [23] - Despite a government shutdown impacting some renewals, the company closed significant deals, including a $26 million commitment with CISA [26][29] Company Strategy and Development Direction - The company is focusing on AI and platform consolidation as top priorities for enterprises, which is driving sustained momentum in demand [23] - The introduction of new products like Agent Builder aims to enhance the company's capabilities in AI and context engineering, further differentiating its offerings [15][19] - The acquisition of Jina AI is expected to accelerate the company's strategy in AI and vector search [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's momentum, citing strong consumption and commitments as key drivers for future growth [38][41] - The company raised its full fiscal year 2026 revenue guidance, expecting total revenue in the range of $1.715 billion to $1.721 billion, representing approximately 16% growth at the midpoint [32] Other Important Information - The company initiated a $500 million share repurchase program, returning approximately $114 million in cash to shareholders during Q2 [29] - The company plans to participate in upcoming conferences, including the Barclays Global Technology Conference and the Needham Growth Conference [5] Q&A Session Summary Question: Performance of non-AI-native customers - Management noted strong consumption trends across all customer segments, including traditional businesses, driven by increased commitments and consolidation onto the platform [36] Question: Billings lagging behind other metrics - Management explained that seasonality and a government shutdown impacted renewals, but overall commitments and consumption remained strong [40][42] Question: Composition of sales-led subscription revenue guidance - Management clarified that the guidance focuses on commitments from both cloud and self-managed environments, with expectations for flat growth in the self-serve segment [49] Question: Growth in GenAI revenue contributions - Management emphasized that consumption growth is driven by various factors, including new workloads and platform efficiency, rather than pricing alone [53][56] Question: Competitive landscape in security - Management highlighted that the company is successfully displacing incumbents in the security space, leveraging its data platform and AI capabilities [85][90]

Financial Data and Key Metrics Changes - Total revenue for Q2 was $423 million, representing a growth of 16% year-over-year and 15% on a constant currency basis [21] - Sales-led subscription revenue was $349 million, growing 18% as reported and 17% in constant currency [21] - Current remaining performance obligation (CRPO) was approximately $971 million, growing 17% as reported and 15% in constant currency [22] - Subscription gross margins were 82%, total gross margins were 78%, and operating margin was 16.5% [24] - Adjusted free cash flow was approximately $26 million in Q2, representing a margin of 6% [25] Business Line Data and Key Metrics Changes - Strong execution in sales-led subscription revenue growth of 18%, with significant contributions from both Elastic Cloud and self-managed offerings [5][21] - Over 30 commitments greater than $1 million in annual contract value were secured, with five exceeding $10 million [23] - The number of customers spending over $100,000 annually increased to more than 1,600 [5] Market Data and Key Metrics Changes - The company saw a 13% increase in the number of customers with annual contract values over $100,000, indicating strong market demand [23] - 23% of customers in the greater than $100,000 cohort are utilizing Elastic for GenAI use cases, up from 17% a year ago [24] Company Strategy and Development Direction - The company is focusing on AI and platform consolidation as top priorities for enterprises, driving demand for its solutions [20] - The introduction of new products like Agent Builder aims to enhance user interaction with data and simplify the operational lifecycle of AI agents [13] - The acquisition of Jina AI is part of the strategy to enhance capabilities in multilingual and multimodal embedding and re-ranking models [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the market opportunity, driven by robust growth and a unique platform built for the AI era [19] - The company raised its full fiscal year 2026 revenue guidance, expecting total revenue in the range of $1.715 billion to $1.721 billion, representing approximately 16% growth [28] - Management noted that the business is seeing strong commitments and consumption, with a healthy sales pipeline [20][29] Other Important Information - The company initiated a $500 million share repurchase program, returning approximately $114 million in cash to shareholders during Q2 [25] - The company will begin providing guidance for sales-led subscription revenue, a key metric for measuring success with larger strategic accounts [26] Q&A Session Summary Question: Performance of non-AI-native customers - Management noted strong consumption trends across all customer segments, including traditional businesses, driven by increased commitments and consolidation onto the platform [30][31] Question: Billings lagging behind other metrics - Management acknowledged variability in billings due to seasonality and a government shutdown impacting renewals, but emphasized strong commitments and consumption [32][33][34] Question: Composition of sales-led subscription revenue guidance - Management clarified that the guidance focuses on commitments from both cloud and self-managed environments, with expectations for flat growth in self-serve monthly cloud [36][37] Question: Growth contributions from GenAI revenue - Management emphasized that consumption growth is driven by new workloads and increased data, rather than pricing changes alone [38][39][40] Question: Go-to-market changes and productivity - Management confirmed that changes made to the sales strategy are yielding positive results, with strong execution and commitments [41][42] Question: Competitive landscape in security - Management highlighted that the company is displacing incumbents in the security space, leveraging its data platform and AI capabilities [53][54][55] Question: Observability and security as two sides of the same coin - Management reiterated the importance of data in both observability and security, emphasizing the company's advanced capabilities in these areas [57][58]

Group 1 - The article does not provide any specific information or insights regarding a company or industry [1]

Corporate Overview and Q2FY26 Financial Results November 20, 2025 Forward Looking Statements; Use of Non-GAAP Measures This presentation and the accompanying oral presentation contain forward-looking statements that involve substantial risks and uncertainties, which include, but are not limited to, statements regarding our expected financial results for the fiscal quarter ending January 31, 2026 and fiscal year ending April 30, 2026, our strategic areas of focus, expectations and plans regarding our future ...

Core Insights - Veeva Systems, Inc. reported third-quarter earnings that exceeded analyst expectations, with earnings of $2.04 per share compared to the estimated $1.95 [2][3] - The company's quarterly revenue reached $811.2 million, surpassing the Street estimate of $792.82 million [2] - Subscription services revenues increased to $682.5 million, reflecting a 17% year-over-year growth from $580.9 million [2] Financial Performance - Quarterly earnings per share: $2.04, beating the estimate of $1.95 [2] - Quarterly revenue: $811.2 million, exceeding the Street estimate of $792.82 million [2] - Subscription services revenue: $682.5 million, up 17% year-over-year from $580.9 million [2] Future Outlook - Veeva raised its Q4 and fiscal year earnings and revenue estimates to levels above analyst expectations [3] - CEO Peter Gassner emphasized the role of Veeva AI in enhancing productivity and customer focus within the life sciences industry [3] Stock Performance - Following the earnings report, Veeva's stock price fell by 5.64%, trading at $255.25 in extended trading [4]

Core Insights - Elastic N.V. reported strong second-quarter earnings, with adjusted earnings of 64 cents per share, surpassing analyst expectations of 58 cents [2] - The company achieved quarterly revenue of $423.48 million, exceeding the Street estimate of $418.16 million [2] - CEO Ash Kulkarni highlighted robust growth across the company, attributing success to the positive impact of AI on all business areas [3] Financial Performance - Total subscription revenue reached $398 million, marking a 17% year-over-year increase, or 16% on a constant currency basis [5] - Sales-led subscription revenue was $349 million, an 18% year-over-year increase, or 17% on a constant currency basis [5] - Elastic Cloud revenue amounted to $206 million, reflecting a 22% year-over-year increase, both as reported and on a constant currency basis [5] - Current remaining performance obligations stood at $971 million, up 17% year-over-year, or 15% on a constant currency basis [5] Guidance and Outlook - The company raised its fiscal 2026 adjusted EPS guidance to a range of $2.40 to $2.46, compared to the previous estimate of $2.36 [4] - Revenue guidance was also increased to a range of $1.715 billion to $1.721 billion, surpassing the prior estimate of $1.7 billion [4] Market Reaction - Following the earnings report, Elastic's stock price fell by 11.73%, trading at $72.45 in extended trading [4]

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Revenue Growth - Q2 revenue reached $423 million, a 16% increase year-over-year (15% in constant currency) [5] - Total subscription revenue was $398 million, up 17% year-over-year (16% in constant currency) [5] - Elastic Cloud revenue grew to $206 million, reflecting a 22% year-over-year increase [5] - Total revenue for the three months ended October 31, 2025, was $423,481,000, representing a 15.9% increase from $365,361,000 in the same period of 2024 [30] - Subscription revenue increased to $397,699,000 for the three months ended October 31, 2025, up 16.7% from $340,807,000 in the prior year [30] - Annual Elastic Cloud revenue reached $156,868,000 for the three months ended October 31, 2025, a 27% increase compared to the same period last year [38] - Total subscription revenue for the six months ended October 31, 2025, was $786,282,000, an 18% increase year-over-year [38] Financial Performance - Non-GAAP operating income was $70 million, with a non-GAAP operating margin of 16.5% [5] - Operating loss for the three months ended October 31, 2025, was $(8,236,000), compared to $(4,426,000) in the same period of 2024 [30] - Net loss for the six months ended October 31, 2025, was $(75,887,000), slightly higher than $(74,677,000) in the same period of 2024 [30] - Non-GAAP net income for the three months ended October 31, 2025, was $69,027,000, up from $62,906,000 year-over-year [42] - GAAP net loss for the three months ended October 31, 2025, was $51,284,000, compared to a loss of $25,450,000 in the same period last year [42] Cash and Assets - Cash and cash equivalents as of October 31, 2025, totaled $800,586,000, an increase from $727,543,000 as of April 30, 2025 [32] - Total assets decreased to $2,476,570,000 as of October 31, 2025, from $2,592,853,000 as of April 30, 2025 [32] - Total liabilities as of October 31, 2025, were $1,585,458,000, down from $1,665,619,000 as of April 30, 2025 [32] - Net cash provided by operating activities for the six months ended October 31, 2025, was $131,447,000, compared to $91,131,000 in the same period of 2024 [34] - The company reported a net increase in cash, cash equivalents, and restricted cash of $138,064,000 for the three months ended October 31, 2025 [34] Customer Metrics - The total customer count with Annual Contract Value (ACV) greater than $100,000 exceeded 1,600, up from over 1,550 in Q1 FY26 [6] - The Net Expansion Rate was approximately 112% [6] - Total remaining performance obligations amounted to $971 million, a 17% increase year-over-year (15% in constant currency) [5] - Total deferred revenue as of October 31, 2025, was $732,511,000, reflecting a 13% increase year-over-year [38] - Total remaining performance obligations as of October 31, 2025, were $1,506,725,000, a 19% increase year-over-year [38] Guidance and Future Outlook - The company raised its full-year total revenue guidance by $18 million due to strong customer commitments [1] - For fiscal 2026, total revenue is expected to be between $1.715 billion and $1.721 billion, representing 16% year-over-year growth at the midpoint [12] Expenses - GAAP research and development expenses for Q2 2025 totaled $108,152 million, an increase from $88,163 million in Q2 2024, marking a rise of 22.6% [44] - Non-GAAP sales and marketing expenses for the first half of 2025 were $299,375 million, compared to $257,748 million in the first half of 2024, indicating a growth of 16.1% [44] - GAAP general and administrative expenses for Q2 2025 were $47,962 million, up from $44,085 million in Q2 2024, which is an increase of 6.4% [44] - Non-GAAP general and administrative expenses for the first half of 2025 were $61,740 million, compared to $60,011 million in the same period of 2024, showing a slight increase of 2.9% [44] - Stock-based compensation expense for research and development in Q2 2025 was $28,434 million, compared to $24,777 million in Q2 2024, reflecting an increase of 14.3% [44] - Total GAAP services revenue for Q2 2025 was $25,505 million, up from $23,238 million in Q2 2024, representing an increase of 9.8% [44] - Non-GAAP services revenue for the first half of 2025 reached $44,746 million, compared to $39,312 million in the first half of 2024, indicating a growth of 13.3% [44] - Amortization of acquired intangibles decreased from $2,835 million in Q2 2024 to $2,158 million in Q2 2025, a reduction of 23.8% [44]

Core Insights - Elastic reported total revenue of $423 million for the second quarter of fiscal 2026, reflecting a year-over-year increase of 16% or 15% on a constant currency basis [1] - Subscription revenue reached $398 million, marking a 17% year-over-year increase or 16% on a constant currency basis [1] Financial Performance - Total revenue: $423 million, up 16% year-over-year [1] - Subscription revenue: $398 million, up 17% year-over-year [1] - Sales-led subscription revenue was also highlighted, indicating a strong performance in this segment [1]

DÜSSELDORF, Germany, Nov. 18, 2025 /PRNewswire/ -- DuPont (NYSE: DD) today announced the winners of its 2025 DuPont Innovation Awards for Thermal and Mechanical Protection, recognizing some of the most exciting developments in the personal protective equipment (PPE) and Emergency Response industries. This year marks the first global edition of the awards — open to new products made using either Nomex® or Kevlar® fabrics or fibers. The expanded scope of the awards, recently held at the A+A show in Düsseldorf ...