MOUNTAIN VIEW, Calif. (AP) _ Elastic NV (ESTC) on Wednesday reported a loss of $31.2 million in its fiscal fourth quarter.
The Mountain View, California-based company said it had a loss of 38 cents per share. Losses, adjusted for stock option expense and amortization costs, were 12 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.
The software developer posted revenue of $123.6 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $117.1 million.
For the year, the company reported that its loss widened to $167.2 million, or $2.12 per share. Revenue was reported as $427.6 million.
For the current quarter ending in August, Elastic expects its results to range from a loss of 19 cents per share to a loss of 17 cents per share.
The company said it expects revenue in the range of $119 million to $122 million for the fiscal first quarter.
Elastic expects full-year results to range from a loss of 98 cents per share to a loss of 85 cents per share, with revenue ranging from $530 million to $540 million.
Elastic shares have risen 39% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $89.27, a climb of 12% in the last 12 months.