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Elastic N.V

Elastic NV engages in the provision of open-source search and analytics engine services. It offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization. The firms Elastic Stack product comprises Elasticsearch, a distributed, real-time search and analytics engine, and data store for various types of data, including textual, numerical, geospatial, structured, and unstructured, Kibana, a user interface, management, and configuration interface for the Elastic Stack, Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash, and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems. It also provides software solutions on the Elastic Stack that address cases, including app search, site search, enterprise search, logging, metrics, application performance management, business analytics, and security analytics. Its products are used by individual developers and organizations of a range of industries. The company was founded by Shay Banon, Uri Boness, Steven Schuurman, and Simon Willnauer on February 9, 2012, and is headquartered in Mountain View, CA.

Earnings data Q3 2021

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Elastic reports 19% YoY revenue growth and focuses on cloud partnerships and AI capabilities

Elastic's Q4 performance reflects strong revenue growth and customer expansion. The company is navigating macro challenges while capitalizing on opportunities in cloud partnerships and AI capabilities. It remains committed to delivering profitable growth and margin expansion.

Elastic reports strong Q1 performance, eyes growth opportunities

Elastic's Q1 performance reflects strong revenue growth and customer engagement, driven by generative AI and consolidation trends. The company faces challenges in timing AI impact and the interrelation between gen AI and consolidation, but sees opportunities in market events and enterprise-focused growth.

Elastic N.V. (ESTC) surpasses Q3 revenue targets, eyes profitable growth

Elastic N.V. delivered strong financial performance in Q3 2023, exceeding revenue guidance and showcasing competitive strengths
Challenges in deal cycles and net expansion rate decline are being addressed, with a focus on driving growth and profitability
Opportunities lie in revenue growth for fiscal '24, attracting higher-value customers, and providing value through consumption-based pricing

Elastic reports strong Q4 revenue growth and strategic partnerships

Elastic's Q4 performance reflects solid revenue growth and client retention.
Strategic partnerships and product enhancements position Elastic for continued success.
Balancing growth opportunities with operational challenges key to sustained performance.

Elastic N.V (ESTC) posts robust Q1 results, eyes generative AI growth

Elastic N.V (ESTC) reports strong Q1 performance with revenue growth, margin exceeding expectations, and raised guidance for the fiscal year.
Strengths lie in generative AI applications, cloud hyperscaler partnerships, and enterprise-focused strategy driving growth and customer retention.
Challenges include balancing growth investments with profitability and addressing the compute-intensive nature of ML capabilities.
Opportunities exist in expanding generative AI applications, optimizing costs, and capitalizing on consolidation trends for platform adoption.

Elastic N.V (ESTC) reports robust Q2 performance and strategic growth

Elastic N.V (ESTC) delivered strong financial results in Q2 2024, driven by robust revenue growth and strategic acquisitions, positioning the company for continued success.
The focus on generative AI, platform enhancements, and customer consolidation underscores Elastic's commitment to innovation and customer value.
While challenges in sustaining cloud revenue growth and optimizing revenue streams exist, Elastic's strengths in AI capabilities, security solutions, and customer trust provide a solid foundation for future growth.

Elastic N.V (ESTC) beats Q3 targets, eyes GenAI expansion

Elastic N.V (ESTC) reported strong Q3 performance, exceeding revenue and profitability expectations.
Customer interest in Generative AI and Elastic's platform strengths drove growth in Elastic Cloud and customer acquisitions.
Challenges include managing profitability in Q4 and balancing investments for long-term growth in fiscal '25.
Opportunities lie in new leadership additions, AI adoption patterns, and expanding market segments like GenAI and ESQL.

Elastic N.V (ESTC) posts robust Q4 results amid growth opportunities

Elastic N.V (ESTC) reported strong Q4 performance with revenue growth, customer wins, and profitability metrics reflecting a solid financial position.
Challenges include addressing analyst inquiries on pricing impacts and sustaining growth across different customer segments amidst market uncertainties.
Opportunities lie in cloud business investments, strategic partnerships, and continued customer acquisition through GenAI adoption and revenue ramping strategies.
Overall, Elastic's focus on innovation, customer value, and market expansion positions them for sustained growth and revenue optimization in the coming fiscal year.

Elastic N.V. (ESTC) reports 18% revenue growth, focuses on generative AI

Elastic N.V. (ESTC) navigated challenges in customer commitments, focusing on generative AI opportunities and search business acceleration.
Strategic initiatives like the Elastic Express Migration program and AGPL license option aim to drive growth and community engagement.
The company is committed to improving sales execution, balancing investments, and targeting profitable growth with increased operating margins.

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Elastic NV is a data analytics company, which engages in the provision of open-source search and analytics engine services. It operates through the United States, the Netherlands, United Kingdom, India, and Rest of World geographical segments. The company was founded by Shay Banon, Uri Boness, Steven Schuurman, and Simon Willnauer on February 9, 2012 and is headquartered in Mountain View, CA.

Elastic N.V. (NYSE:ESTC ) Q4 2024 Earnings Conference Call May 30, 2024 5:00 PM ET Company Participants Anthony Luscri - Vice President of Investor Relations Ashutosh Kulkarni - Chief Executive Officer Janesh Moorjani - Chief Financial Officer and Chief Operating Officer Conference Call Participants Matthew Hedberg - RBC Capital Markets Brent Thill - Jefferies Pinjalim Bora - J.P.

Elastic N.V. (ESTC) Q4 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Elastic (ESTC) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Elastic (ESTC) Q4 Earnings

Elastic (ESTC) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.22 per share a year ago.

Elastic (ESTC) Q4 Earnings and Revenues Top Estimates

Elastic stock gained Thursday, after the data software company reported April-quarter earnings and sales that beat views.

Elastic Stock Gains As Earnings, Sales Beat Estimates

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the Search AI Company, announced financial results for its fourth quarter and full fiscal year ended April 30, 2024. Fourth Quarter Fiscal 2024 Financial Highlights Total revenue was $335 million, an increase of 20% year-over-year, as reported and on a constant currency basis Elastic Cloud revenue was $148 million, an increase of 32% year-over-year, as reported and on a constant currency basis GAAP operating loss was $46 million;.

Elastic Reports Fourth Quarter and Fiscal 2024 Financial Results

Elastic (ESTC) is expected to have seen a strong top line in fourth-quarter fiscal 2024. However, the bottom line is likely to have decreased.

How to Play Elastic (ESTC) Ahead of Its Q4 Earnings Results?

Get a deeper insight into the potential performance of Elastic (ESTC) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Unveiling Elastic (ESTC) Q4 Outlook: Wall Street Estimates for Key Metrics

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) today announced the Elasticsearch open inference API supports integration with the model catalog hosted in Microsoft Azure AI Studio. This includes native support for the Elasticsearch vector database to store and utilize embeddings from a wide selection of models, including those developed by Open AI and Mistral. “Developers want choice and flexibility when it comes to the tools, solutions, and models they leverage, and this deeper integrati.

Elasticsearch Open Inference API Now Supports Microsoft Azure AI Studio

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), today announced new Elasticsearch benchmarking on the preview of Azure Cobalt 100 Arm-based virtual machines. This resulted in up to 37% higher throughput performance when using Epsv6 VMs compared to the Ampere Altra-based Epsv5 VMs on Microsoft Azure. Elastic used a macro benchmarking framework for Elasticsearch Rally with the elastic/logs track to determine the maximum indexing performance on Azure Cobalt 100 Arm-based virtual machines. “A.

Elasticsearch Delivers Performance Increase for Users Running the Elastic Search AI Platform on Arm-based Architectures

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the Search AI Company, announced that it will release its financial results for its fourth quarter and fiscal 2024 ended April 30, 2024 after the U.S. market close on Thursday, May 30, 2024. The company will host a conference call at 2:00 p.m. PT/ 5:00 p.m. ET that day to review its financial results and business outlook. A live webcast of the conference call will be accessible from the Elastic investor relations website at ir.el.

Elastic to Announce Fourth Quarter and Fiscal 2024 Earnings Results on Thursday, May 30, 2024

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, today announced Search AI Lake, a first-of-its-kind, cloud-native architecture optimized for real-time, low-latency applications including search, retrieval augmented generation (RAG), observability and security. The Search AI Lake also powers the new Elastic Cloud Serverless offering, which removes operational overhead to automatically scale and manage workloads. With the expansive storage capacity of a data lake and.

Elastic Announces First-of-its-kind Search AI Lake to Scale Low Latency Search

DENVER - RED HAT SUMMIT 2024--(BUSINESS WIRE)--Red Hat, Inc., the world's leading provider of open source solutions, and Elastic (NYSE: ESTC), the search artificial intelligence (AI) company, today announced an expanded collaboration to deliver next-generation search experiences supporting retrieval augmented generation (RAG) patterns using Elasticsearch as a preferred vector database solution integrated on Red Hat OpenShift AI. With this collaboration, Red Hat and Elastic are providing enterpr.

Red Hat and Elastic Fuel Retrieval Augmented Generation for GenAI Use Cases

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the leading Search AI company, announced LLM Safety Assessment: The Definitive Guide on Avoiding Risk and Abuses, the latest research issued by Elastic Security Labs. The LLM Safety Assessment explores large language model (LLM) safety and provides attack mitigation best practices and suggested countermeasures for LLM abuses. Generative AI and LLM implementations have become widely adopted over the past 18 months, with some companies pushing.

Elastic Security Labs Releases Guidance to Avoid LLM Risks and Abuses

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced Search AI will replace the traditional SIEM with an AI-driven security analytics solution for the modern SOC. Powered by the Search AI platform, Elastic Security is replacing largely manual processes for configuration, investigation and response by combining search and retrieval augmented generation (RAG) to provide hyper-relevant results that matter. The newest feature, Attack Discovery, triages 100s of aler.

Elastic changes the SIEM game with AI-driven security analytics

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the company behind Elasticsearch®, today announced new vector database performance gains with Elasticsearch and Apache Lucene, with up to 8x speed and 32x efficiency. These advancements provide developers with the most flexible and open tools needed to keep up with rapid generative AI innovation. New optimization strategies and enhancements driving the increased gains in Elasticsearch and Apache Lucene include*: Multi-threaded search capabil.

Elastic Reports 8x Speed and 32x Efficiency Gains for Elasticsearch and Lucene Vector Database

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the company behind Elasticsearch®, today announced the Elasticsearch open inference API supports Cohere's Rerank 3 model. As the first vector database to support Cohere Rerank 3, Elasticsearch now enables developers to benefit from greater semantic relevance to keyword and vector search retrieval for prompting large language models (LLMs). “The combination of the Elasticsearch open inference API and Cohere Rerank 3 gives developers stronger.

Elasticsearch Open Inference API Supports Cohere Rerank 3

Recently, Zacks.com users have been paying close attention to Elastic (ESTC). This makes it worthwhile to examine what the stock has in store.

Is Trending Stock Elastic N.V. (ESTC) a Buy Now?

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the company behind Elasticsearch®, today announced the Elasticsearch open Inference API now supports Cohere's text embedding models. This includes Elasticsearch native support for efficient int8 embeddings, which optimize performance and reduce memory cost for semantic search across the large datasets commonly found in enterprise scenarios. With this integration, Elasticsearch developers can experience immediate performance gains, including.

Elastic Adds Support for Cohere High-Performance Embeddings

SAN FRANCISCO--(BUSINESS WIRE)--Elastic® (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, today announced the winners and honorees of its Elastic Excellence Awards. The awards celebrate organizations and individuals demonstrating ingenuity and resilience by pushing the limits of data search, observability, and security with groundbreaking implementations. “Every day, our customers' work inspires us as they use search analytics to tackle complex problems that transform businesses and.

Elastic Announces 2023 Elastic Excellence Awards Winners

SAN FRANCISCO--(BUSINESS WIRE)--New research by Elastic (NYSE: ESTC), the company behind Elasticsearch®, found nearly all (99%) global IT decision makers, regardless of region or industry, recognize generative AI's (GenAI) transformative potential to influence change within their organizations. However, early adoption continues to be slowed by chaotic data estates, search challenges, and fears around privacy and security, regulation, and internal skills gaps. Despite these headwinds, the report.

New Research from Elastic Finds Conversational Search Could Yield Staggering Productivity Returns

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Elastic N.V. (ESTC) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Elastic (ESTC) give a sense of how its business performed in the quarter ended January 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Elastic (ESTC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Elastic (ESTC) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.17 per share a year ago.

News for Elastic N.V Stock (ESTC)