Re:Official Elasticsearch Python library no longer works wit...
by Godel_unicode on Sunday August 08, 2021 @07:50PM
(#28111287)
Is that true? Let's examine this claim a bit more closely. Net profit margin for the quarter -24.38%, net income for the quarter -43.3M, sales growth slowing by double-digit percent every year since 2018.
It's possible to take in a ton of money and still lose money.
Re:Official Elasticsearch Python library no longer works wit...
by Mikeb85 on Sunday August 08, 2021 @09:25PM
(#28111811)
I'm gonna go out on a limb and say if they're losing money with $177 million in revenue it's because they're expanding quickly, made a bunch of acquisitions, etc... No way they're losing money on operations.
Edit - just looked it up, they have free cash flow for the year and a $400 million cash position. Tons of deferred revenue too.
Re:Official Elasticsearch Python library no longer works wit...
by jimmydorry on Sunday August 08, 2021 @07:44PM
(#28111254)
Revenue only tells us how much business they conducted, not how much of a "killing" they made. Profits is what would tell you that, which I guarentee are going to be far less than their $177.6 million in revenue.
> Elastic (NYSE: ESTC) ("Elastic"), the company behind Elasticsearch and the Elastic Stack, announced strong results for its fourth quarter and full fiscal year (ended April 30, 2021). Total revenue was $177.6 million, an increase of 44% year-over-year, or 39% on a constant currency basis.