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 unveiled Elastic 8.0, enhancing its Search Platform with native vector search and support for natural language processing (NLP) models. The updates aim to improve data onboarding and security for users. Key features include approximate nearest neighbor (ANN) capabilities for efficient querying of large datasets, an upgraded security framework, and a simplified onboarding experience on Elastic Cloud via AWS. These innovations are designed to deliver faster, relevant search results, streamline data ingestion, and protect customer data against unauthorized access.
Elastic (NYSE: ESTC) announced the promotion of Ashutosh Kulkarni to CEO, succeeding Founder Shay Banon, who reassumes the role of Chief Technology Officer. Kulkarni, who served as Chief Product Officer since January 2021, is credited with driving growth in Elastic's cloud business. The board's decision was influenced by Kulkarni's accomplishments in product innovation and customer success. Separately, Paul Appleby has stepped down as president of worldwide field operations. Elastic anticipates exceeding its guidance for revenue and other metrics for Q3 FY22, with results expected in March 2022.
Elastic (NYSE: ESTC) has announced updates to its Elastic Enterprise Search Solution in the 7.16 release, enhancing user experience and management capabilities. Key features include the beta release of curations powered by adaptive relevance, which allows automated tuning of search results based on user interactions. Additionally, Elastic App Search and Workplace Search are now available in Kibana for unified data visualization. The release also integrates support for Google Firebase, enabling seamless indexing for improved application search experiences.
Elastic (NYSE: ESTC) announced enhancements in its 7.16 release of Elastic Observability, designed to empower users to monitor their digital ecosystems more effectively. New features include curated data exploration views that simplify analysis without requiring technical knowledge, available for real user monitoring and synthetics. The Elastic Agent now offers centralized management and one-click integrations. Additionally, the release includes AWS FireLens integration for streamlined log management, and new certified apps on the ServiceNow Store enhance incident management workflows.
Elastic (NYSE: ESTC) has launched new integrations and enhancements in its Elastic Security solution with the 7.16 release. This update focuses on real-time visibility and protection against advanced attacks. Key features include the Osquery Manager integration for host inspection and additional protections for macOS and Linux. Elastic also introduced certified ServiceNow applications to streamline security workflows, enhancing analyst efficiency and IT coordination. This launch positions Elastic for improved detection and response capabilities in a fast-evolving cybersecurity landscape.
Elastic (NYSE: ESTC) has announced enhancements to its Elastic Search Platform, including the general availability of numerous prebuilt Elastic Agent integrations. These improvements aim to help customers improve operational efficiency and tackle data challenges more effectively. New features include integrations with AWS and ServiceNow, facilitating collaboration among ITOps, DevOps, and SecOps teams. Additionally, automated curation in Elastic Enterprise Search is now available, enhancing user search experiences.
Elastic (NYSE: ESTC) has announced integrations with ServiceNow to enhance IT service management and security operations. These integrations include certified applications for IT Service Management, Security Incident Response, and IT Operations Management, aimed at streamlining workflows and improving customer experience. The integrations allow seamless escalation of cases into ServiceNow while automating updates from Elastic alerts. This collaboration enhances visibility into IT operations, thereby aiming to improve organizational efficiency and productivity.
Elastic (NYSE: ESTC), the firm behind Elasticsearch, will have CFO Janesh Moorjani present at the virtual Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, at 7:55 a.m. PT / 10:55 a.m. ET. A live webcast and replay will be accessible on Elastic's Investor Relations page. Elastic specializes in enterprise search, observability, and security solutions, enabling real-time data usability at scale.
Elastic (NYSE: ESTC) announced robust Q2 fiscal 2022 results, reporting total revenue of $206.0 million, up 42% year-over-year, and Elastic Cloud revenue of $69.0 million, up 84%. Calculated billings rose 30% to $231.2 million, with deferred revenue at $390.3 million, reflecting a 26% increase. Despite a GAAP operating loss of $37.2 million, the company expects Elastic Cloud revenue to surpass 50% of total revenue in three years, driven by strong customer adoption.
Elastic (NYSE: ESTC) has officially joined the AWS Independent Software Vendor Workload Migration Program as a certified partner. This enables easier, cost-effective migration of self-managed Elasticsearch workloads to Elastic Cloud on AWS. Additionally, Elastic has introduced AWS FireLens integration, helping customers streamline data ingestion by shipping container logs directly to Elastic Cloud. This partnership aims to enhance customer experience and operational insights from data while reducing migration complexities.
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