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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.
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Elastic (NYSE: ESTC) has announced the expansion of its security capabilities with the introduction of Cloud Security Posture Management (CSPM) for AWS, container workload security, and cloud vulnerability management. These enhancements build upon earlier security offerings, providing a unified security analytics solution for cloud-native applications. Additionally, research indicates that 99% of cloud failures are customer-related. The new features include Cloud Workload Protection, Container Workload Protection, CSPM, and Cloud Vulnerability Management, aimed at improving security and reducing vendor complexity in cloud operations.
Elastic (NYSE: ESTC) reported its financial results for Q3 FY2023, revealing a total revenue of $275 million, marking a 23% increase year-over-year (or 27% in constant currency). Elastic Cloud revenue reached $111 million, up 38% year-over-year. GAAP operating loss was $69 million with a -25% operating margin, while non-GAAP operating income stood at $22 million, yielding an 8% margin. The company holds $878 million in cash reserves. Total subscription customers increased to approximately 19,900. Guidance for Q4 FY2023 estimates revenue of $276-$278 million and non-GAAP EPS between $0.08 and $0.10.
Elastic (NYSE: ESTC) will present at the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2023, at 3:20 p.m. PT / 6:20 p.m. ET. The event will showcase Elastic's advancements in search-powered solutions, including Enterprise Search, Observability, and Security. A live webcast and replay will be accessible via Elastic's Investor Relations page. Elastic aims to enhance customer experience and application performance while safeguarding against cyber threats. For more information, visit ir.elastic.co.
Elastic (NYSE: ESTC) will announce its financial results for Q3 fiscal 2023 on March 2, 2023, after market close. The results cover the period ending January 31, 2023. A conference call will take place at 2:00 p.m. PT/5:00 p.m. ET the same day to discuss the results and business outlook, with a live webcast accessible on Elastic's investor relations website. Elastic is recognized for its search-powered solutions in Enterprise Search, Observability, and Security, aiming to enhance user experiences and safeguard applications in various environments, be it cloud or on-premise.
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