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. (NYSE: ESTC) delivers cutting-edge solutions for search, security, and data analytics, empowering enterprises to transform complex data into actionable insights. This dedicated news hub provides investors and technology professionals with essential updates directly from the company and verified sources.
Access official press releases detailing product innovations, financial results, and strategic partnerships. Our curated collection includes analysis of Elastic's advancements in observability tools, cloud services, and enterprise search capabilities - critical components of modern data infrastructure.
Key coverage areas include quarterly earnings disclosures, security solution updates, and technology partnership announcements. Stay informed about Elastic's open source developments and enterprise software enhancements that drive operational efficiency across industries.
Bookmark this page for streamlined access to Elastic's latest business developments. Regularly updated with verified information, this resource supports informed analysis of the company's market position and technological leadership in real-time data processing solutions.
Elastic (NYSE: ESTC) reported strong Q1 fiscal 2023 results, with revenues of $250.1 million, marking a 30% year-over-year increase (34% at constant currency). Elastic Cloud revenue surged 59% year-over-year to $97.7 million, representing 39% of total revenue. Despite a GAAP operating loss of $60.6 million and a net loss per share of $0.74, the company holds $848.8 million in cash. The outlook remains optimistic, with Q2 revenue guidance between $260 million and $262 million, indicating a 27% year-over-year growth at midpoint.
Elastic (NYSE: ESTC) will announce its financial results for the first quarter of fiscal 2023, which ended on July 31, 2022, after U.S. market close on August 25, 2022. A conference call to discuss these results and the company's business outlook will take place at 2:00 p.m. PT / 5:00 p.m. ET. Investors can access the live webcast on the Elastic investor relations website, with a replay available for two months. Elastic is recognized for its search-powered solutions across Enterprise Search, Observability, and Security.
Elastic (NYSE: ESTC) highlights findings from a Wakefield Research study revealing the crucial role personalization plays in ecommerce. With 88% of online shoppers more likely to continue shopping on sites offering personalized experiences, the study shows that relevant product recommendations significantly enhance customer loyalty. Furthermore, 95% of shoppers indicate they are changing spending habits due to rising prices but still prioritize finding the right products over cost. Elastic's Enterprise Search solutions empower retailers to tailor the shopping experience, ultimately driving sales and customer satisfaction.
Elastic (NYSE: ESTC) commissioned a study revealing that 8 out of 10 data leaders see search-powered technology as essential for successful digital transformation. Key findings include that 84% believe these technologies boost digital initiatives, and 83% agree that an integrated search platform can reduce costs. Additionally, 85% want to enhance information retrieval across multiple data environments. As organizations prioritize comprehensive, cloud-based solutions, the demand for integrated platforms that streamline operations and improve cybersecurity continues to rise.
Elastic (NYSE: ESTC) has announced enhancements to its cross-cluster search and replication capabilities, facilitating seamless data management across on-premises and cloud environments. These updates allow users to search data across multiple Elasticsearch clusters, improving operational efficiency and minimizing risks during gradual migration to the cloud. Key features include a unified user interface and enhanced disaster recovery options, enabling businesses to maintain compliance and performance. The enhancements aim to support over 18,000 customers, including many industry leaders.
Elastic (NYSE: ESTC) has appointed Sohaib Abbasi to its Board of Directors to enhance its strategic focus on growth and cloud services. Abbasi, with over 30 years of experience, has previously served as CEO of Informatica and held executive roles at Oracle. His appointment aims to drive Elastic's profitable growth and broaden its competitive edge, particularly in cloud offerings. Abbasi will serve as Vice-Chairman and a member of the Compensation Committee at the upcoming 2022 AGM.
Elastic has been recognized as a Visionary in the 2022 Gartner Magic Quadrant for Application Performance Monitoring and Observability for the second consecutive year. The report highlights Elastic's strong capabilities in the APM sector, scoring among the top 3 vendors in five out of six use cases, including IT Operations and DevOps. Elastic Observability provides a unified view for quick issue resolution, backed by innovative features like automated root cause analysis and flexible deployment options. This recognition reinforces Elastic's position in the competitive APM landscape.
Elastic (NYSE: ESTC) has launched Elastic Security for Cloud, enhancing cloud risk and posture management along with cloud workload protection. This platform integrates security operations, enabling customers to monitor deployment risks and runtime threats effectively. Key features include automated threat identification using machine learning, Kubernetes security posture management, and a unified view for managing cloud-native and hybrid environments. The initiative addresses increasing concerns about cloud security, with a focus on reducing complexity and improving visibility for organizations.
