Elastic NVNYSE: ESTC

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, today released its third annual sustainability report, highlighting its progress in 2023 and commitment to embedding environmental, social, and governance (ESG) principles across its business to create long-term sustainable value. Initiatives include reducing its environmental impact through workplace efficiency measures and implementing a supplier engagement strategy to collaborate with vendors on carbon reduction opp.

Exciting opportunities are emerging in the artificial intelligence space, beyond the popular stocks like Nvidia and Microsoft. Elastic N.V.

Elastic's (ESTC) 4Q adjusted EPS came in at $0.21 versus an estimated $0.19 and revenue came in at $335.0M versus an estimated $329.15M. CEO Ash Kulkarni joins Oliver Renick to discuss the company's earnings and how Elastic uses A.I.

Elastic has strong growth potential in the coming year despite weakness in the software space. The company's search AI Lake and Cloud serverless offering will bring it to the next level and provide quick search in a cloud-native platform. Elastic's prudent guidance sets a 16% revenue growth for the coming fiscal year, with a focus on customer success for large organizations.

While the top- and bottom-line numbers for Elastic (ESTC) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Elastic (ESTC) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.22 per share a year ago.

Elastic (ESTC) is expected to have seen a strong top line in fourth-quarter fiscal 2024. However, the bottom line is likely to have decreased.

Get a deeper insight into the potential performance of Elastic (ESTC) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), today announced new Elasticsearch benchmarking on the preview of Azure Cobalt 100 Arm-based virtual machines. This resulted in up to 37% higher throughput performance when using Epsv6 VMs compared to the Ampere Altra-based Epsv5 VMs on Microsoft Azure. Elastic used a macro benchmarking framework for Elasticsearch Rally with the elastic/logs track to determine the maximum indexing performance on Azure Cobalt 100 Arm-based virtual machines. “A.