Elastic (ESTC) Q1 2027 Earnings Call Transcript

Vice President of Investor Relations - Alex Kurtz

Chief Executive Officer - Ashutosh Kulkarni

Chief Financial Officer - Navam Welihinda

Operator: Good afternoon, and welcome to the Elastic First Quarter Fiscal 2027 Earnings Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Alex Kurtz, Vice President of Investor Relations. Please go ahead.

Alex Kurtz: Good afternoon, and thank you for joining us on today's conference call to discuss Elastic's first quarter fiscal 2027 financial results. On the call, we have Ash Kulkarni, Chief Executive Officer; and Navam Welihinda, Chief Financial Officer. Following the prepared remarks, we will take questions. Our press release was issued today after the close of the market and is posted on our website. Slides, which are supplemental to the call, can also be found on Elastic Investor Relations website at ir.elastic.co. Our discussion will include forward-looking statements, which may include predictions, estimates or expectations regarding the demand for 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 of the date of this call and are subject to risks and uncertainties that could cause actual results to 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 posted on the Investor Relations website, and those more fully described in our filings with the Securities and Exchange Commission. We will also discuss certain non-GAAP financial measures.

Disclosures regarding non-GAAP measures, including reconciliations with the most comparable GAAP measures, can be found in the press release and the slides. Unless specifically noted otherwise, all results and comparisons are on a fiscal year-over-year basis. Webcast replay of this call will be available on our company website under the Investor Relations link. Our second quarter fiscal 2027 quiet period begins at the close of business on Friday, October 16, 2026. We'll be hosting a virtual public webinar highlighting our improved metrics capability on September 22 at 8 a.m. Pacific Coast Time, which will be made available on our IR website for viewing. See the Elastic Investor Relations website for more details. With that, I'll turn it over to Ash.