Core Insights - Elastic (ESTC) reported revenue of $347.42 million for the quarter ended July 2024, reflecting an 18.3% increase year-over-year, with EPS at $0.35 compared to $0.25 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $344.4 million by 0.88%, and the EPS surpassed the consensus estimate of $0.25 by 40% [1] Revenue Breakdown - Revenue from Services was $23.65 million, slightly below the estimated $24.77 million, marking a year-over-year increase of 0.6% [3] - Subscription revenue reached $323.77 million, exceeding the average estimate of $319.67 million, with a year-over-year growth of 19.8% [4] - Elastic Cloud subscription revenue was $157.28 million, surpassing the estimate of $155 million, representing a significant year-over-year increase of 29.8% [5] - Other subscription revenue totaled $166.49 million, compared to the average estimate of $164.66 million, showing an 11.7% year-over-year change [6] Stock Performance - Over the past month, Elastic's shares have declined by 6.1%, while the Zacks S&P 500 composite increased by 2.6% [6] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [6]

Elastic (ESTC) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this software developer would post earnings of $0.19 per share when it actually produced earnings of $0.21, delivering a surprise of 10.53%. Over the last four quarters, the company ...

Group 1: Core Insights - Elastic N.V. (ESTC) is set to release its first-quarter fiscal 2025 results on August 29, after market close, and has outperformed the Zacks Consensus Estimate in the last four quarters with an average earnings surprise of 52% [1] Group 2: Revenue Expectations - The Zacks Consensus Estimate for ESTC's revenues is $1.5 billion, indicating a 16.4% increase from the same quarter last year, driven by a customer-centric growth strategy [2] - Subscription revenues are expected to rise, supported by growth in Elastic Cloud, particularly from the self-service segment in small and medium-sized businesses [3] Group 3: Earnings Projections - The consensus estimate for earnings is $1.4 per share, reflecting an 18.5% year-over-year growth, likely benefiting from strong margins [4] - The current Earnings ESP for ESTC is 0.00%, with a Zacks Rank of 2 (Buy), suggesting that the model does not predict a definitive earnings beat this time [5][6]

Core Insights - Wall Street analysts expect Elastic (ESTC) to report quarterly earnings of $0.25 per share, indicating no change from the same quarter last year, with revenues projected at $344.4 million, reflecting a 17.2% increase year-over-year [1] Revenue Estimates - The consensus estimate for 'Revenue- Services' is $24.77 million, representing a 5.4% increase from the prior-year quarter [3] - Analysts estimate 'Revenue- Subscription' to be $319.67 million, indicating an 18.3% year-over-year change [4] - 'Revenue- Subscription- Elastic Cloud' is projected to reach $155.00 million, showing a year-over-year increase of 27.9% [4] - 'Revenue- Subscription- Other subscription' is expected to be $164.66 million, suggesting a 10.5% increase year-over-year [5] Market Performance - Shares of Elastic have experienced a return of -6.2% over the past month, contrasting with the Zacks S&P 500 composite's +1.5% change [5] - With a Zacks Rank 2 (Buy), Elastic is anticipated to outperform the overall market in the near future [5]

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 ...

Core Insights - Elastic (ESTC) reported quarterly earnings of $0.21 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, but down from $0.22 per share a year ago, representing an earnings surprise of 10.53% [1] - The company achieved revenues of $335 million for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 1.78% and increasing from $279.94 million year-over-year [2] - Elastic has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] Earnings Performance - The earnings surprise for the previous quarter was 16.13%, with actual earnings of $0.36 per share compared to an expected $0.31 [1] - The current consensus EPS estimate for the upcoming quarter is $0.26, with projected revenues of $346.85 million, and for the current fiscal year, the EPS estimate is $1.43 on revenues of $1.47 billion [6] Stock Performance and Outlook - Elastic shares have declined approximately 9.2% year-to-date, contrasting with the S&P 500's gain of 10.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [5] - The outlook for the stock's price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3] Industry Context - The Technology Services industry, to which Elastic belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable environment for performance [7] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [4]

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 ...