Elastic N.V. (ESTC) Presents at Barclays 23rd Annual Global Technology Conference Transcript

Core Insights - The company reported strong customer commitments in Q2, indicating a robust sales-driven approach that translates into revenue over the next 12 months [1] - Notable deals included two contracts exceeding $20 million and five contracts over $10 million, with over 30 deals valued at $1 million [1] Sales Performance - The sales organization is experiencing significant momentum, particularly in the AI sector, which is the fastest-growing area of the business [2] - Security deals are also a key focus, with the largest contracts being in this domain, showcasing the company's ability to displace incumbent competitors [2]