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Elastic N.V. (symbol: ESTC) is a globally recognized software company that specializes in transforming structured and unstructured data into actionable insights in real time. Founded in 2012, Elastic is best known for its flagship open-source projects, including Elasticsearch, Kibana, Beats, and Logstash, which collectively form the Elastic Stack (also known as the ELK Stack). These tools empower organizations to address critical use cases across enterprise search, observability, and security analytics.
Core Business Areas
Elastic's business model centers on providing software solutions that enable organizations to search, analyze, and visualize data in real time. Its primary offerings include:
- Enterprise Search: Helping businesses build powerful search experiences for internal and external users.
- Observability: Enabling monitoring and troubleshooting of applications, infrastructure, and systems to ensure operational efficiency.
- Security Analytics: Providing tools for threat detection, incident response, and security operations to safeguard digital assets.
Revenue Model
Elastic monetizes its technology through a combination of subscription-based services, cloud offerings, and enterprise licensing. Its managed cloud service, Elastic Cloud, allows customers to deploy Elastic solutions on popular cloud platforms, including AWS, Google Cloud, and Microsoft Azure. Additionally, Elastic offers premium features and support through its proprietary X-Pack extensions, catering to enterprise clients with advanced needs.
Market Position and Competitive Landscape
Operating at the intersection of data management, analytics, and cybersecurity, Elastic occupies a unique position in the software industry. Its open-source roots and developer-friendly ecosystem have fostered a global community of over 80,000 members. Elastic's products have been downloaded more than 100 million times, underscoring their widespread adoption. The company serves a diverse range of industries, including technology, finance, healthcare, e-commerce, and media, with prominent clients such as Microsoft, Netflix, Uber, and Goldman Sachs.
Elastic faces competition from companies like Splunk (observability and security), Datadog (monitoring and analytics), and Snowflake (data warehousing). Its differentiation lies in its open-source foundation, flexibility, and ability to handle both structured and unstructured data at scale.
Challenges and Opportunities
As a company rooted in open-source technology, Elastic navigates the challenge of balancing community-driven innovation with commercial viability. The transition to cloud-based solutions presents both an opportunity for growth and a competitive challenge, as the market for cloud-native analytics and security tools becomes increasingly crowded. By leveraging its expertise in real-time data processing and its established brand, Elastic is well-positioned to address evolving enterprise needs.
Global Reach
Headquartered in Amsterdam, the Netherlands, and Mountain View, California, Elastic operates globally, with employees in over 30 countries. Its distributed workforce and community-driven approach have enabled it to scale effectively, serving thousands of organizations worldwide.
Conclusion
Elastic N.V. stands out as a key enabler of real-time data insights, offering versatile and scalable solutions for search, observability, and security. Its open-source origins, coupled with its commercial innovations, have made it an indispensable partner for enterprises looking to harness the power of their data. As organizations continue to prioritize data-driven decision-making, Elastic's role in the software ecosystem remains pivotal.
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.
Elastic (NYSE: ESTC) announced it will release its second quarter fiscal 2022 financial results after the U.S. market close on December 1, 2021. The report will cover the period ending October 31, 2021. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET the same day to discuss the results and future outlook. Investors can access a live webcast on Elastic's investor relations website, with a replay available for two months.
Elastic (NYSE: ESTC) has successfully acquired Optimyze, a platform specializing in continuous profiling of IT infrastructure, applications, and services. This acquisition aims to enhance Elastic's observability capabilities, integrating metrics, logs, traces, and continuous profiling to eliminate blind spots in IT ecosystems. Key Optimyze executives, including co-founders Thomas Dullien and Sean Heelan, will join Elastic. Financial terms of the deal remain undisclosed. This move positions Elastic to improve service quality and performance in complex distributed environments.
Elastic has been recognized as a Contender in the XDR market by Forrester Research in its report, The Forrester New Wave™: Extended Detection and Response (XDR) Providers, Q4 2021. This recognition comes ahead of the launch of Elastic's Limitless XDR, which integrates SIEM, security analytics, and endpoint security. Forrester highlights Elastic's customizable solutions as a key strength, emphasizing its adaptability for security teams. The Limitless XDR is designed to improve security operations by enabling comprehensive threat detection and response.
Elastic (NYSE: ESTC) has announced the acquisition of Optimyze, a continuous profiling platform, to enhance its observability capabilities. This move aims to provide customers with unified insights across metrics, logs, and traces, ultimately improving service quality. Optimyze’s technology allows for low-overhead profiling, enhancing Elastic's existing tools. The acquisition is anticipated to close during the fiscal second quarter, pending customary conditions. Financial terms remain undisclosed.
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