Welcome to our dedicated page for Elastic N.V. news (Ticker: ESTC), a resource for investors and traders seeking the latest updates and insights on Elastic N.V. stock.
Elastic N.V. (symbol: ESTC) is a leading software company that empowers organizations worldwide with real-time insights by making structured and unstructured data usable for various applications. Founded in 2012, Elastic is the brainchild of the creators of Elasticsearch, Kibana, Beats, and Logstash—collectively known as the Elastic Stack. These open-source projects have grown into powerful tools for search, logging, security, and analytics use cases.
Elastic's global community boasts more than 80,000 members spread across 45 countries, reflecting its significant impact and reach. The company's products have been downloaded over 100 million times, showcasing their widespread adoption and reliability. Elastic's solutions are trusted by a plethora of high-profile organizations such as Cisco, eBay, Dell, Goldman Sachs, Groupon, HP, Microsoft, Netflix, The New York Times, Uber, Verizon, Yelp, and Wikipedia.
Elastic's offerings include the Elastic Stack, X-Pack, and Elastic Cloud, which are integral to mission-critical systems that drive new revenue streams and substantial cost savings. The company's primary focus areas are enterprise search, observability, and security, enabling businesses to glean actionable insights from their data.
Backed by substantial funding of over $104 million from Benchmark Capital, Index Ventures, and NEA, Elastic has its headquarters in Amsterdam, the Netherlands, and Mountain View, California. The company employs more than 400 people across 30 countries, emphasizing its global presence and collaborative work culture.
Recent achievements include continuous innovation and updates to their product suite, ensuring that Elastic remains at the forefront of the technology landscape. Elastic's commitment to open-source principles and community engagement continues to propel its growth and influence in the data management and analytics sectors.
Elastic (NYSE: ESTC) has appointed Navam Welihinda as its new Chief Financial Officer, effective February 28, 2025. Welihinda will serve as the company's principal financial officer and principal accounting officer.
Welihinda joins from Grammarly, where he served as CFO overseeing corporate finance and development. His previous experience includes seven years at HashiCorp as CFO, where he helped scale the company through its IPO and drove profitable growth. He also held finance leadership roles at IBM and investment positions at Insight Venture Partners, American Capital Strategies, and Sierra Ventures.
The appointment aligns with Elastic's focus on its Search AI Platform and continued development in search, GenAI, observability, and security solutions. CEO Ash Kulkarni highlighted Welihinda's expertise in building multi-product, open source businesses and experience with consumption-based products as key assets for Elastic's next growth phase.
Elastic (NYSE: ESTC) reported strong Q3 fiscal 2025 results with total revenue reaching $382 million, up 17% year-over-year. Elastic Cloud revenue grew 26% to $180 million. The company posted a GAAP operating loss of $5 million with -1% margin, while non-GAAP operating income was $64 million with 17% margin.
Key metrics showed positive momentum with over 1,460 customers having Annual Contract Value above $100,000, and total subscription customers reaching approximately 21,350. The Net Expansion Rate was 112%.
For Q4 FY2025 guidance, Elastic expects revenue between $379-381 million, representing 13% year-over-year growth. Full fiscal 2025 revenue is projected at $1.474-1.476 billion, with 16% year-over-year growth and non-GAAP operating margin of 14.7%.
Elastic (NYSE: ESTC), the Search AI Company, has announced its upcoming participation in the Morgan Stanley Technology, Media & Telecom Conference. The presentation is scheduled for Wednesday, March 5, 2025 at 1:05 p.m. PT / 4:05 p.m. ET.
Investors and interested parties can access both the live webcast and a replay of the presentation through Elastic's Investor Relations page at ir.elastic.co.
Elastic (NYSE: ESTC) has announced that its Elasticsearch Open Inference API now integrates with Jina AI's latest embedding models and reranking products. This integration enables developers building semantic search and RAG applications to utilize Jina AI's high-performance tools without additional integration or development costs.
The collaboration includes support for multilingual text embeddings and reranking, optimized for retrieval, clustering, and classification. The integration combines Jina's resource-efficient search foundation models with Elasticsearch's scalability, allowing developers to build reliable semantic search and RAG applications on a singular platform alongside Elastic models like ELSER.
The support for Jina AI is currently available in Elastic Cloud Serverless, with supported models including jina-embeddings-v3 and jina-reranker-v2-base-multilingual.
Elastic (NYSE: ESTC) has announced it will release its third quarter fiscal 2025 financial results after the U.S. market close on Thursday, February 27, 2025. The company will host a conference call at 2:00 p.m. PT/ 5:00 p.m. ET on the same day to discuss the financial results and business outlook. Investors can access the live webcast through Elastic's investor relations website at ir.elastic.co, with a replay available for two months.
Elastic (NYSE: ESTC), the Search AI Company, has announced its upcoming participation in the 27th Annual Needham Growth Conference. The company's management will deliver their presentation on Thursday, January 16, 2025, at 12:00 p.m. PT / 3:00 p.m. ET.
Investors and interested parties can access both the live webcast and a replay of the presentation through Elastic's Investor Relations page at ir.elastic.co.
Elastic (NYSE: ESTC) has announced the general availability of Elasticsearch logsdb index mode, a new feature that reduces log data storage footprint by up to 65% compared to recent versions without this mode. The innovation optimizes data ordering, eliminates duplication, and improves compression through advanced algorithms and codecs.
The feature is now generally available for Cloud Hosted and Self-Managed customers in version 8.17 and comes enabled by default for logs in Elastic Cloud Serverless. Basic capabilities are available with Standard, Gold, and Platinum licenses, while complete capabilities are accessible to Serverless customers and Enterprise license holders.
Elastic (NYSE: ESTC) has launched Elastic Rerank, a cross-encoder reranking model designed to enhance semantic search capabilities without requiring reindexing. Built on the DeBERTa v3 architecture, the model demonstrates superior performance compared to larger reranking models, showing a 40% improvement in general retrieval tasks and up to 90% enhancement in question-answering datasets.
The new feature allows developers to semantically boost keyword search with minimal changes to existing data indexing and search processes, offering greater flexibility and cost control. The model is accessible through the Elasticsearch Open Inference API and is available on Elasticsearch Serverless and Elasticsearch 8.17.
Elastic (NYSE: ESTC) has enhanced its Security platform with expanded cloud detection and response (CDR) capabilities integrated directly into its SIEM solution. This integration eliminates the need for separate CDR tools, addressing challenges of cloud environment complexity and data fragmentation. The new features include agentless ingestion, cloud asset inventory, extended protections, and graph view for correlation and context enrichment using existing customer data.
According to ESG analyst Dave Gruber, 44% report threat detection and response is more difficult in cloud environments. Elastic's vendor-agnostic approach aims to simplify cloud security posture management while reducing tool fragmentation and total cost of ownership.
Elastic (NYSE: ESTC) has been awarded the 2024 AWS Global Generative AI Infrastructure and Data Partner of the Year. This accolade acknowledges Elastic's role in supporting vector embeddings data storage, management, and synthetic data generation on Amazon Web Services (AWS). Announced at AWS re:Invent 2024, the award highlights Elastic's collaboration with AWS to enable enterprises to build and deploy generative AI applications efficiently. Key integrations include retrieval-augmented generation (RAG) and real-time anomaly detection on Elastic Cloud. Elastic's solutions have been pivotal for companies like Adobe, enhancing scalability and performance. The award process involved self-nomination and was rigorously evaluated by Canalys, focusing on customer success and performance metrics. Elastic's recognition underscores its commitment to advancing generative AI technologies for its customers.
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