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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.

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, announced financial results for its first quarter of fiscal 2024 ended July 31, 2023. First Quarter Fiscal 2024 Financial Highlights Total revenue was $294 million, an increase of 17% year-over-year, as reported and on a constant currency basis Elastic Cloud revenue was $121 million, an increase of 24% year-over-year, as reported and on a constant currency basis GAAP operating loss was $36 milli.

Elastic Reports First Quarter Fiscal 2024 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, today announced that it has received the 2023 Google Cloud Global Technology Partner of the Year Award. The company was honored as a top Google Cloud ISV partner for delivering innovative solutions and satisfaction to our joint customers, turning their challenges into opportunities. Elastic was recognized for the company's use of Google Cloud technology in multiple segments, helping joint custom.

Elastic Wins Google Cloud Global Technology Partner of the Year Award

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, announced that it will release its financial results for its first quarter fiscal 2024 ended July 31, 2023 after the U.S. market close on Thursday, August 31, 2023. 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.

Elastic to Announce First Quarter Fiscal 2024 Earnings Results on Thursday, August 31, 2023

Ascend grows regional presence to better serve growing data management needs MENLO PARK, Calif. , July 26, 2023 /PRNewswire/ -- Ascend.io , the leader in data pipeline automation, today announced the appointment of Jeremy Poon as Head of APAC Sales, in addition to a number of sales and support hires for the Asia-Pacific region to better serve its global customer base, which includes Serko, Ports of Auckland, and Tonkin & Taylor.

Ascend.io Continues Global Expansion With New Sales and Customer Success Hires in APAC Region

SAN FRANCISCO--(BUSINESS WIRE)--Elastic ® (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, today announced the appointment of Joanna Daly as chief human resources officer (CHRO) effective July 18, 2023. Reporting to Elastic CEO Ash Kulkarni, Daly will be responsible for Elastic's human resources (HR) strategy and operations, talent management, and compensation and benefits, as Elastic continues to build on its global reputation as the leading search platform. Daly has more than 20 y.

Elastic Names Joanna Daly Chief Human Resources Officer

Investors need to pay close attention to Elastic (ESTC) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Elastic (ESTC) Stock?

The global enterprise search market is projected to reach $8.85 billion by 2030, and I expect ESTC to grow faster than the industry due to its generative AI-related offerings. Despite a difficult macro environment, ESTC reported healthy revenues in 4Q23, with strong RPO performance due to increased multi-year customer commitments. I recommend a hold rating as the current share price upside is unattractive.

Elastic: Upside Not Attractive Enough To Invest At This Price

SAN FRANCISCO--(BUSINESS WIRE)--Elastic® (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, today announced it has been recognized as a Visionary in the 2023 Gartner Magic Quadrant for Application Performance Monitoring and Observability[1] for the third consecutive year. Download the complimentary report here. Gartner reports that “APM and observability tools are powerful analytics platforms that ingest multiple telemetry feeds and provide critical insight into application health, pe.

Elastic Named a Visionary in the 2023 Gartner® Magic Quadrant™ for Application Performance Monitoring and Observability

Elastic, an off-the-radar infrastructure software company, is a strong investment option due to its high-margin, recurring revenue and sticky technology base. The company's software powers internal search functions within applications, helps ingest data from multiple sources, and offers IT departments a platform to monitor performance and security. The company is planning for substantial operating margin expansion in FY24, on top of high-teens revenue growth.

Elastic: Opportunity Is Vast

SAN FRANCISCO--(BUSINESS WIRE)--Elastic® (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, today announced it has won two 2023 Microsoft Partner of the Year Awards for Commercial Marketplace. The company was honored among a field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology. The Microsoft Partner of the Year Awards recognize Microsoft partners that have developed and delivered outstanding M.

Elastic recognized as the winner of the 2023 Microsoft Commercial Marketplace and U.S. Business Transformation, Commercial Marketplace Partner of the Year

SAN FRANCISCO--(BUSINESS WIRE)--Elastic® (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, has released its second annual Sustainability Report, highlighting its progress in 2022 and commitment to operating ethically, minimizing its environmental impact, and creating a more inclusive society. The report details the company's programs, processes, and measurement frameworks to embed sustainability into its business. “Elastic is committed to sustainability and contributing to our custom.

Elastic Releases Second Annual Sustainability Report

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, today announced that it has nominated Paul Auvil to its Board of Directors. The appointment comes as the company continues to drive growth in Elastic Cloud, while investing with discipline to expand profitability. Mr. Auvil will bring more than 35 years of finance, technology and corporate leadership experience to the Elastic Board of Directors. He served as the Chief Financial Officer of Proofp.

Elastic Nominates Paul Auvil to Board of Directors

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, today released a commissioned study conducted by Forrester Consulting on behalf of Elastic®, The Total Economic Impact of Elasticsearch. The study reveals that organizations using Elasticsearch realize a return on investment (ROI) of 293% over a three-year period, with the platform paying for itself in less than six months. “For us, this study underscores Elastic's commitment to helping business.

Total Economic Impact™ Study Reveals 293% Three-Year ROI for Organizations Using Elasticsearch for Search Applications

The Q4 results were in-line, with deceleration in important metrics like revenue growth but strength in deferred revenue additions. The results are better than they appear with significant headwinds that will turn to tailwinds in the coming quarters. The stock is trading at a very reasonable price for an attractive software asset that could be a target of a larger company.

Elastic: Stock To Rebound From 2023 Trough

Elastic N.V. (NYSE:ESTC ) Q4 2023 Earnings Conference Call June 1, 2023 5:00 PM ET Company Participants Nikolay Beliov - 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 LLC Tyler Radke - Citigroup Inc. Koji Ikeda - Bank of America Merrill Lynch Pinjalim Bora - JPMorgan Chase & Co. Harshil Thakkar - Oppenheimer & Co. Shrenik Kothari - Robert W.

Elastic N.V. (ESTC) Q4 2023 Earnings Call Transcript

The headline numbers for Elastic (ESTC) give insight into how the company performed in the quarter ended April 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Elastic (ESTC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Elastic (ESTC) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to loss of $0.16 per share a year ago.

Elastic (ESTC) Beats Q4 Earnings and Revenue Estimates

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch and the Elastic Stack, announced financial results for its fourth quarter and full fiscal year ended April 30, 2023. Fourth Quarter Fiscal 2023 Financial Highlights Total revenue was $280 million, an increase of 17% year-over-year, or 19% on a constant currency basis Elastic Cloud revenue was $112 million, an increase of 28% year-over-year, or 30% on a constant currency basis GAAP operatin.

Elastic Reports Fourth Quarter and Fiscal 2023 Financial Results

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Elastic® (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, today announced the launch of the Elasticsearch Relevance Engine™ (ESRE™), powered by built-in vector search and transformer models, which is designed to bring the power of AI innovation to proprietary enterprise data. ESRE enables companies to achieve breakthrough results by helping organizations create secure deployments to take advantage of all their proprietary structured and unstru.

Elastic Unveils the Elasticsearch Relevance Engine for Artificial Intelligence

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch and the Elastic Stack, announced that it will release its financial results for its fourth quarter and fiscal 2023 ended April 30, 2023 after the U.S. market close on Thursday, June 1, 2023. 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 El.

Elastic to Announce Fourth Quarter and Fiscal 2023 Earnings Results on Thursday, June 1, 2023

Elastic's business model is well-positioned to benefit from the massive amounts of data that need to be searched for insights. The problem is that its operations appear to be maturing, with its revenue growth rates now dramatically lower than this time last year.

Elastic: Primed For A Comeback, With A But

Shares of Elastic jumped nearly 10% after the company reported fiscal Q3 results and issued guidance. The company offered an early look at FY24 (which begins in May), promising mid/high-teens revenue growth amid significant operating margin expansion.

Elastic: FY24 Is Promising

The company beat expectations in the most recent quarter.

Why Elastic Shares Were Up on Friday

The headline numbers for Elastic (ESTC) give insight into how the company performed in the quarter ended January 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Elastic (ESTC) Q3 Earnings: A Look at Key Metrics

Elastic N.V. (NYSE:ESTC ) Q3 2023 Results Conference Call March 2, 2022 5:00 PM ET Company Participants Nikolay Beliov - IR Ash Kulkarni - CEO Janesh Moorjani - CFO Conference Call Participants Anushtha Mittal - RBC Capital Market Ittai Kidron - Oppenheimer Joel Fishbein - Truist Securities Kash Rangan - Goldman Sachs Koji Ikeda - Bank of America Pinjalim Bora - JP Morgan Raimo Lenschow - Barclays Tyler Radke - Citi Operator Good day, and welcome to the Elastic Third Quarter Fiscal 2023 Earnings Results Conference Call.

News for Elastic N.V Stock (ESTC)