UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________________________________________________________________________________________________ FORM ____________________________________________________________________________________________________________________10-K ________________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR ...

Elastic is using artificial intelligence to enhance the power of information. Artificial intelligence (AI) stocks like Nvidia and Microsoft have been the go-to choices for investors looking to profit from this fast-growing technology. But the AI industry is rapidly expanding, and opportunities are emerging beyond the most popular names. Elastic N.V. (ESTC 0.73%) developed a portfolio of AI software tools that empower businesses with valuable use cases for their data, whether it's helping employees access in ...

Khanchit Khirisutchalual Elastic N.V. (NYSE:ESTC) is providing investors with an opportunity for significant growth in the coming year. The company has continued to show strong results as many companies are seeing weakness in the software space. Yet the company is still not seeing AI applications boosting revenue growth with that to come in the long term. Being a search company with an AI lake, Elastic has a big advantage over the competition with its Elasticsearch relevance engine. This will allow it to ha ...

For the quarter ended April 2024, Elastic (ESTC) reported revenue of $335 million, up 19.7% over the same period last year. EPS came in at $0.21, compared to $0.22 in the year-ago quarter. The reported revenue represents a surprise of +1.78% over the Zacks Consensus Estimate of $329.15 million. With the consensus EPS estimate being $0.19, the EPS surprise was +10.53%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

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. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this software developer would post earnings of $0.31 per share when it actually produced earnings of $0.36, delivering a surprise of 16.13%. Over the last four quarters, the comp ...

Exhibit 99.1 Elastic Reports Fourth Quarter and Fiscal 2024 Financial Results Q4 Revenue of $335 million, up 20% year-over-year (20% in constant currency) Q4 Elastic Cloud Revenue of $148 million, up 32% year-over-year (32% in constant currency) FY24 Revenue of $1.267 billion, up 19% year-over-year (18% in constant currency) SAN FRANCISCO, Calif., May 30, 2024 -- Elastic (NYSE: ESTC) ("Elastic"), the Search AI Company, announced financial results for its fourth quarter and full fiscal year ended April 30, 2 ...

Elastic (ESTC) will report its fourth-quarter fiscal 2024 results on May 30, after market close. Let us check out how ESTC has lately been doing. Stock Performance & Valuation The stock has gained 36.9% over the past six months, outperforming the 25.3% rally of the industry it belongs to and the 16.7% rise of the Zacks S&P 500 composite. On the basis of the Price/Sales ratio, ESTC currently trades at 7.18X, above the industry's 6.86X. Q3 Sales & Margin Performance ESTC's third-quarter fiscal 2024 revenues a ...

Wall Street analysts forecast that Elastic (ESTC) will report quarterly earnings of $0.19 per share in its upcoming release, pointing to a year-over-year decline of 13.6%. It is anticipated that revenues will amount to $329.17 million, exhibiting an increase of 17.6% compared to the year-ago quarter. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of th ...

Elastic (ESTC) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this software developer have returned -7.5%, compared to the Zacks S&P 500 composite's +0.8% change. During this period, the Zacks Technology Services industry, which Elastic falls in, has lost 1.6%. The key question now is: What could be the stock's future direction?While media releases or ru ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating an expected relative return of over 20% within the next six months [11]. Core Insights - The company reported total revenue of $328 million for FY24Q3, a year-over-year increase of 19%, slightly exceeding Bloomberg consensus expectations of $320 million. The net loss was $26 million, with a negative operating margin of 8%. Non-GAAP net profit was $43 million, with a Non-GAAP operating margin of 13% [1]. - Subscription revenue reached $308 million, up 20% year-over-year, surpassing Bloomberg's consensus of $299 million. Elastic Cloud revenue was $143 million, reflecting a 29% increase year-over-year, driven by customer interest and platform integration [1]. - The company is optimistic about future growth, with FY24Q4 total revenue guidance set at $328-330 million, representing an 18% year-over-year increase, aligning with Bloomberg consensus [3]. - The launch of ESQL has generated significant interest, with approximately 1,000 customers trialing the product since its introduction in November 2023, indicating a focus on enhancing product usability and market share [2]. Summary by Sections Financial Performance - FY24Q3 total revenue was $328 million, a 19% increase year-over-year, slightly above expectations. Non-GAAP net profit was $43 million, with an operating margin of 13% [1]. - Subscription revenue was $308 million, up 20% year-over-year, with Elastic Cloud revenue at $143 million, a 29% increase [1]. Product Innovation - The latest version, Elastic 8.12, includes enhancements for vector search and improved enterprise scalability, allowing customers to store four times the vectors in RAM and reducing query latency by 40% [4]. - New features in Elastic Observability and Elastic Security have been introduced, enhancing monitoring and alerting capabilities [4]. Future Outlook - The company expects total revenue for FY24 to be between $1.26 billion and $1.26 billion, reflecting an 18% year-over-year growth, consistent with market expectations [3]. - The focus on GenAI and platform integration is anticipated to drive business growth, with increasing customer interest in these areas [3].