ESTC Stock Recent News

Exciting opportunities are emerging in the artificial intelligence space, beyond the popular stocks like Nvidia and Microsoft. Elastic N.V.

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced the donation of its Universal Profiling agent has been accepted into OpenTelemetry (OTel)'s continuous profiling project. This marks a significant milestone in establishing profiling as the fourth telemetry signal in OpenTelemetry. Elastic Universal Profiling is a whole-system, always-on, continuous profiling solution that eliminates the need for code instrumentation, recompilation, on-host debug symbols or s.

Elastic's (ESTC) 4Q adjusted EPS came in at $0.21 versus an estimated $0.19 and revenue came in at $335.0M versus an estimated $329.15M. CEO Ash Kulkarni joins Oliver Renick to discuss the company's earnings and how Elastic uses A.I.

Elastic has strong growth potential in the coming year despite weakness in the software space. The company's search AI Lake and Cloud serverless offering will bring it to the next level and provide quick search in a cloud-native platform. Elastic's prudent guidance sets a 16% revenue growth for the coming fiscal year, with a focus on customer success for large organizations.

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.

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.

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

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