Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Elastic N.V. regarding a class action lawsuit due to alleged misleading statements and operational disruptions affecting sales during FY 2025 [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that Elastic N.V. made materially false and misleading statements during the class period from May 31, 2024, to August 29, 2024 [1]. - Significant changes were implemented in Elastic's sales operations, particularly affecting customer segments in the Americas [1]. - These changes disrupted sales operations in the first quarter of FY 2025, leading to an overstatement of the stability of sales operations [1]. - As a result, Elastic was unlikely to meet its previously issued revenue guidance for FY 2025 [1]. Class Action Details - Shareholders who purchased shares of ESTC during the specified class period are encouraged to register for the class action [2]. - The deadline for seeking lead plaintiff status is April 14, 2025, and there is no cost or obligation to participate [2]. Firm's Mission - The Gross Law Firm aims to protect the rights of investors affected by deceit and illegal business practices, ensuring companies adhere to responsible business practices [3].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Elastic N.V. regarding a class action lawsuit due to alleged misleading statements and operational disruptions affecting sales during FY 2025 [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that during the class period from May 31, 2024, to August 29, 2024, Elastic made materially false and misleading statements [1]. - Significant changes were implemented in Elastic's sales operations, particularly affecting customer segments in the Americas [1]. - These changes disrupted sales operations in the first quarter of FY 2025, leading to an overstatement of the stability of sales operations [1]. - As a result, Elastic was unlikely to meet its previously issued revenue guidance for FY 2025 [1]. Next Steps for Shareholders - Shareholders who purchased shares of ESTC during the specified timeframe are encouraged to register for the class action by April 14, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. About the Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].

NEW YORK, March 12, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Elastic N.V. ("Elastic" or the "Company") (NYSE: ESTC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Elastic investors who were adversely affected by alleged securities fraud between May 31, 2024 and August 29, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/elastic-n-v-lawsuit-submission-form?prid= ...

NEW YORK, March 7, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Elastic N.V. ("Elastic" or the "Company") (NYSE: ESTC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Elastic investors who were adversely affected by alleged securities fraud between May 31, 2024 and August 29, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/elastic-n-v-lawsuit-submission-form?prid=1 ...

NEW YORK, March 6, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Elastic N.V. (NYSE: ESTC).Shareholders who purchased shares of ESTC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/elastic-n-v-loss-submission-form/?id=134052&from=4 CLASS PERIOD: May 31, 2024 to August 29, 20 ...

Group 1 - Elastic (NYSE: ESTC) reported a strong fiscal Q3 2025 earnings, resulting in a 15% stock price increase after hours [1] Group 2 - The marketplace highlights a portfolio of undervalued investment opportunities with rapid growth potential driven by top quality management [2] - The focus is on selecting the most attractive investments from numerous companies [2] Group 3 - The platform emphasizes easy investing by showcasing stocks that deliver strong gains [3] - Deep Value Returns' Marketplace is experiencing rapid growth and offers high-quality, actionable stock picks [3]

NEW YORK, Feb. 28, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Elastic N.V. ("Elastic" or the "Company") (NYSE: ESTC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Elastic investors who were adversely affected by alleged securities fraud between May 31, 2024 and August 29, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/elastic-n-v-lawsuit-submission-form?prid=1 ...

Elastic N.V. (NYSE:ESTC) Q3 2025 Earnings Conference Call February 27, 2025 5:00 PM ET Company Participants Anthony Luscri - Vice President, Investor Relations Ashutosh Kulkarni - Chief Executive Officer Eric Prengel - Interim Chief Financial Officer and Group Vice President of Finance Conference Call Participants Pinjalim Bora - JPMorgan Raimo Lenschow - Barclays Sanjit Singh - Morgan Stanley Matt Hedberg - RBC Capital Markets Rob Owens - Piper Sandler Howard Ma - Guggenheim Securities Koji Ikeda - Bank of ...

Core Insights - Elastic reported revenue of $382.08 million for the quarter ended January 2025, marking a 16.5% increase year-over-year and a surprise of +3.74% over the Zacks Consensus Estimate of $368.32 million [1] - The company's EPS for the quarter was $0.63, significantly up from $0.36 in the same quarter last year, resulting in an EPS surprise of +34.04% compared to the consensus estimate of $0.47 [1] Revenue Breakdown - Revenue from Services was $23.89 million, exceeding the average estimate of $21.55 million by nine analysts, representing a year-over-year increase of +17.5% [4] - Subscription revenue reached $358.20 million, surpassing the average estimate of $346.74 million, with a year-over-year change of +16.4% [4] - Elastic Cloud subscription revenue was reported at $180 million, exceeding the seven-analyst average estimate of $174.25 million, reflecting a year-over-year increase of +25.5% [4] - Other subscription revenue amounted to $178.20 million, compared to the average estimate of $172.64 million, indicating an 8.5% year-over-year change [4] Stock Performance - Over the past month, Elastic's shares have returned -8.6%, while the Zacks S&P 500 composite has seen a -2.2% change [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]

Revenue Performance - Subscription revenue accounted for 93% of total revenue for the nine months ended January 31, 2025 and 2024 [121] - Elastic Cloud contributed 46% of total revenue for the nine months ended January 31, 2025, up from 43% in the same period of 2024 [129] - Total revenue for the three months ended January 31, 2025, was $382.1 million, a 17% increase from $328.0 million in the same period of 2024 [155] - Subscription revenue increased by $50.6 million, or 16%, for the three months ended January 31, 2025, driven by a 26% growth in Elastic Cloud, which represented 47% of total revenue [155] - Services revenue rose by $3.6 million, or 18%, for the three months ended January 31, 2025, attributed to increased adoption of service offerings [156] - Subscription revenue increased by $157.2 million, or 18%, for the nine months ended January 31, 2025, driven by a 27% growth in Elastic Cloud, which accounted for 46% of total revenue [167] - Total revenue for the nine months ended January 31, 2025, was $932.3 million, a decrease of $162.5 million, or 17%, compared to the prior year [167] Customer Metrics - The number of customers with annual contract value over $100,000 increased to over 1,460 as of January 31, 2025, compared to over 1,270 as of January 31, 2024 [123] - The company had approximately 21,350 customers as of January 31, 2025, an increase from approximately 20,800 customers as of January 31, 2024 [122] - The Net Expansion Rate was approximately 112% as of January 31, 2025 [135] Financial Performance - Gross profit for the three months ended January 31, 2025, was $284.9 million, compared to $243.3 million in the same period of 2024, resulting in a gross margin of 75% [151] - Gross profit for the nine months ended January 31, 2025, was $812.8 million, an increase of $122.7 million, or 18%, compared to the prior year [169] - The operating loss for the three months ended January 31, 2025, was $4.6 million, an improvement from a loss of $26.4 million in the same period of 2024 [151] - Net loss for the three months ended January 31, 2025, was $17.1 million, compared to a net income of $176.1 million in the same period of 2024 [151] Expenses - Research and development expenses for the three months ended January 31, 2025, were $93.6 million, an increase from $87.2 million in the same period of 2024 [151] - Sales and marketing expenses increased to $153.7 million for the three months ended January 31, 2025, compared to $141.6 million in the same period of 2024 [151] - General and administrative expenses rose to $42.2 million for the three months ended January 31, 2025, from $40.9 million in the same period of 2024 [151] - Research and development expenses rose by $23.1 million, or 9%, for the nine months ended January 31, 2025, mainly due to a $19.4 million increase in personnel and related costs [171] - Sales and marketing expenses increased by $47.4 million, or 12%, for the nine months ended January 31, 2025, primarily driven by a $46.4 million rise in personnel and related costs [173] - General and administrative expenses increased by $11.5 million, or 10%, for the nine months ended January 31, 2025, largely due to an $8.9 million rise in personnel and related costs [174] Tax and Other Income - The effective tax rate was significantly impacted by recurring items and one-time tax benefits, with a provision for income taxes of $21.1 million for the three months ended January 31, 2025 [149] - The provision for income taxes was $21.1 million for the three months ended January 31, 2025, compared to a benefit from income taxes of $200.3 million for the same period of the prior year [164] - Other income, net increased by $6.6 million, or 77%, for the three months ended January 31, 2025, primarily due to $4.3 million in net foreign currency exchange activity [163] - Other income, net increased by $11.4 million, or 47%, to $35.5 million for the nine months ended January 31, 2025, primarily due to $6.9 million in interest and investment income and $4.4 million in foreign currency exchange activity [177] Cash Flow and Financial Position - Net cash provided by operating activities was $179.2 million for the nine months ended January 31, 2025, compared to $87.8 million in the prior year [185] - Net cash used in investing activities was $148.0 million for the nine months ended January 31, 2025, primarily due to purchases of marketable securities totaling $388.8 million [187] - As of January 31, 2025, cash, cash equivalents, and marketable securities totaled $1.284 billion, consisting of highly liquid investment-grade fixed-income securities [181] - The accumulated deficit was $1.083 billion as of January 31, 2025, indicating significant operating losses [182] - The company expects existing cash and future operations to fund operating and capital needs for at least the next 12 months [183] Strategic Initiatives - The company plans to continue investing in developing new features for the Elastic Stack to drive growth [131] - The addition of the Affero General Public License (AGPL) is expected to enhance engagement and adoption of the company's software [133] - The company anticipates that the increase in Elastic Cloud's contribution to revenue will have a modest adverse impact on gross margin due to third-party hosting costs [129] - The company continues to monitor macroeconomic conditions that may affect customer spending behavior and sales cycles [126] - The company increased its non-cancelable cloud hosting capacity commitments to $875.6 million over the next five years, effective February 2025 [190] Foreign Currency Impact - Foreign currency transaction losses were $1.5 million for the nine months ended January 31, 2025, compared to $2.8 million in the prior year [196]