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Elastic will host its 2022 Financial Analyst Day on September 19 and hope many of you will join us in person in San Francisco. Our second quarter fiscal 2023 quiet period begins at the close of business, Friday, October 14, 2022.
With that, I will turn it over to Ash.
Ash Kulkarni--
Chief Executive Officer
Thank you, Nikolay. Hello, and welcome, everyone. I'm happy to be here with you today to share our Q1 FY '23 results. I'm very pleased with our execution in Q1 as we continued to see strength in the demand environment and drove disciplined execution across the board, an excellent start to our fiscal year.
In Q1, revenue grew 30% year over year and 34% year over year in constant currency, and we once again saw robust momentum in Elastic Cloud. Cloud revenue grew 59% year over year or 62% in constant currency and comprised 39% of our total revenue compared to 32% in the prior-year quarter. We ended the quarter with more than 19,300 subscription customers, including over 1,010 with annual contract values of more than $100,000, and our net expansion rate was just under 130%. Our results in Q1 reflect our focus on our strategy and the consistent execution of our team.
As data continues to grow in volume and importance, we believe that Elastic's data analytics platform, powered by search, will continue to be essential to our customers' continued success. We saw this play out in the form of strong demand patterns throughout the quarter with good linearity. I also heard this in customer conversations throughout the quarter. Even with the strengthening U.S.
dollar, we saw execution strength across geographies with each of our geographies, delivering order growth adjusted for currency and duration in excess of 40% year over year. All this gives us the confidence to raise our constant-currency revenue growth guidance for the year. We also feel well positioned to achieve our long-term goals of cloud exceeding 50% of total revenue by the fourth quarter of fiscal '24 and achieving $2 billion in total revenue in fiscal '25. Let me share our progress across our three key focus areas: Driving durable growth; widening the competitive moat; and fueling profitable growth.
Starting with durable growth. We believe the need for our customers to protect, observe, and search data is mission-critical, and we continue to see customer spend stay resilient and maintain steady growth. We believe the level and pace of consumption across our solutions remain strong because customers recognize the power of our data analytics platform and continue to expand usage across our solutions. For example, a U.S.
regional bank company is leveraging our security solution on Elastic Cloud for our SIEM and security monitoring capabilities. This quarter, they expanded business with us, and we closed a new Observability deal with them, so they can leverage Elastic to meet their application log monitoring needs, ensuring all of the bank's critical compliance requirements are met. Additionally, we renewed business with GitLab, Inc. which is leveraging Elastic to run their SaaS service search functionality and managing all of their data logging infrastructure on Elastic Cloud.
Last quarter, I shared details about our focus on the cloud, which continues to drive results. In Q1, the field drove a significant increase in Elastic Cloud pipeline creation over Q4, and a substantial portion of Elastic Cloud deals closed by the field in Q1 came from new logos. Of note, we are seeing that our enterprise subscription tier is now the fastest-growing tier among our cloud customers. We continue to build momentum with the major hyperscalers: AWS, Microsoft Azure, and Google Cloud.
The marketplaces are an important growth driver of Elastic Cloud and our fastest-growing route to market. In fact, our tight integration across the marketplaces and our go-to-market investments with these partners, once again, resulted in revenue growth of over 100% year over year from the cloud marketplaces. And I'm excited to share that we were recognized as a finalist for the 2022 Microsoft Commercial Marketplace Partner of the Year Award. Now, on to our widening competitive moat.
I am incredibly proud of what the team delivered this quarter as we launched new enhancements for Elastic Cloud that make it easy for our customers to search data anywhere from one platform. With new updates to our cross-cluster search and cross-cluster replication capabilities, customers benefit from interoperability between self-managed and Elastic cloud deployments. These capabilities support our customers in their transition to the cloud, providing a seamless way to search across hybrid environments. This is particularly important for two categories of customers: Those who may need to maintain data in their own data centers due to regulatory or privacy constraints; and those who are in the process of migrating from private to public cloud and need an approach to migrating data over time.
With these new capabilities, in addition to the multi-cloud cross-cluster search and replication capabilities that we have already had, these customers can now seamlessly search or migrate data across private, hybrid, and public clouds. This accelerates the migration of customer data to the public cloud, and we believe grows the footprint of Elastic to be wherever customer data lives, further widening our competitive moat. Moving on to our solutions, starting with Elastic Security. The strength of our security capabilities continues to fuel our success in the market.
This quarter, we expanded business with the leading data streaming platform company, who is leveraging our SIEM to ensure deeper security intelligence. And with the new cross-cluster search enhancements I mentioned earlier, they can easily search across hybrid environments to identify relevant security data in any environment. They're also using searchable snapshots which enables them to meet their internal data retention goals as they look to cost effectively store and easily search years' worth of data. What are the major drivers to choosing Elastic's enterprise-level subscription? In security, we continued our pace of innovation.
Just this week, we introduced Elastic's modern approach to SOAR, or security orchestration, automation, and response. This new capability allows our SIEM users to streamline their operations workflows, speed up threat hunting and reduce mean time to respond. Elastic's approach to SOAR is powered by Elastic Agent, our single-click approach to integrating data from hundreds of data sources while delivering endpoint and cloud security. It includes expanded native remediation capabilities through Elastic Agent, a purpose-built user experience for remediation and orchestration, and expanded third-party SOAR vendor integrations.
And we announced our cloud security offering at RSA in June, which featured capabilities to secure modern Kubernetes environments and cloud workloads. Reception to the announcement has been strong, and we expect the full product GA by the end of calendar year 2022, leading to enhanced opportunities to cross-sell, within our security products. Now, moving on to Elastic Observability. Our success in evolving log analytics use cases to larger, more holistic Observability implementations continues as customers look to Elastic to monitor their entire ecosystem.
This quarter, a large global electronics manufacturer expanded business with us as they leverage our Observability solution to monitor and investigate errors across IoT applications that power their connected appliance offering. With Elastic, they are able to enhance their connected consumer appliance products to ensure customers have a world-class user experience. This quarter, we also closed a new deal with O2 Telefonica in Germany. They are using our Observability solution Elastic Cloud across all three cloud hyperscalers.
As the company targets a radical IT transformation for the upcoming years, O2 Telefonica is relying on Elastic to support Observability to further improve customer satisfaction by increased service availability and performance. On the product front, we just announced new updates, providing smarter alert management for AIOps that accelerate problem resolution. AIOps-driven alert and incident management are crucial for proactively detecting, triaging, investigating, and resolving anomalies in complex business environments. Customers like SAP, Jaguar Land Rover, and ING rely on Elastic Observability to deliver unified visibility and actionable insights about critical business infrastructure.
