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increased 5%, reflecting a higher tax rate compared to a year ago. Our as-adjusted tax rate for the third quarter was 26%. The prior-year quarter included $215 million of discrete tax benefits, while the third quarter of 2024 was impacted by $22 million of discrete expense. Earnings per share of $11.46
Q3 revenue also benefited from a stronger contribution of our professionalservices, driven by elevated breach activity across legacy and competing platforms. And is there any difference in linearity of dealflow during the quarter, this quarter versus previous quarters? So, that's always going to be the dynamic with us.
Mark leads all of Elastic's customer-facing functions, including global sales, customer success, solutions architecture, professionalservices, ecosystem and partnerships, and sales operations. To add more context around overall dealflow, EMEA grew the fastest during the quarter, followed by the Americas and APJ.
Our as-adjusted tax rate for the second quarter was approximately 24%. We continue to estimate that 25% is a reasonable projected tax run rate for the remainder of 2024. The actual effective tax rate may differ because of nonrecurring or discrete items or potential changes in tax legislation.
Election Results Pros & Cons The re-election of President Trump signals better tax policy for buyers and sellers, which should help drive increased M&A activity. Neal Doshi , Darshan Capital The new administration's policies will provide more favorable tax treatment for business transitions.
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