Welcome to our dedicated page for Elastic news (Ticker: ESTC), a resource for investors and traders seeking the latest updates and insights on Elastic stock.
Elastic N.V. reports developments in search AI software, observability, and security built on its Search AI Platform. Company news commonly covers Jina embedding models for text and multimodal retrieval, Elastic Inference Service availability, partner model deployments, and product integrations that bring search, classification, clustering, and data exploration into enterprise workflows.
Recurring updates also include Elastic Observability features such as Prometheus ingestion, PromQL support in Kibana, and incident investigation tools, as well as Elastic Security capabilities for XDR, SIEM, automation, and agentic security operations. Other company developments include cloud partnerships, air-gapped and sovereign-cloud deployments, federal cloud authorization, and pricing or packaging changes for security offerings.
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Elastic (NYSE: ESTC) has announced the expansion of its security capabilities with the introduction of Cloud Security Posture Management (CSPM) for AWS, container workload security, and cloud vulnerability management. These enhancements build upon earlier security offerings, providing a unified security analytics solution for cloud-native applications. Additionally, research indicates that 99% of cloud failures are customer-related. The new features include Cloud Workload Protection, Container Workload Protection, CSPM, and Cloud Vulnerability Management, aimed at improving security and reducing vendor complexity in cloud operations.
Elastic (NYSE: ESTC) reported its financial results for Q3 FY2023, revealing a total revenue of $275 million, marking a 23% increase year-over-year (or 27% in constant currency). Elastic Cloud revenue reached $111 million, up 38% year-over-year. GAAP operating loss was $69 million with a -25% operating margin, while non-GAAP operating income stood at $22 million, yielding an 8% margin. The company holds $878 million in cash reserves. Total subscription customers increased to approximately 19,900. Guidance for Q4 FY2023 estimates revenue of $276-$278 million and non-GAAP EPS between $0.08 and $0.10.
Elastic (NYSE: ESTC) will present at the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2023, at 3:20 p.m. PT / 6:20 p.m. ET. The event will showcase Elastic's advancements in search-powered solutions, including Enterprise Search, Observability, and Security. A live webcast and replay will be accessible via Elastic's Investor Relations page. Elastic aims to enhance customer experience and application performance while safeguarding against cyber threats. For more information, visit ir.elastic.co.
Elastic (NYSE: ESTC) will announce its financial results for Q3 fiscal 2023 on March 2, 2023, after market close. The results cover the period ending January 31, 2023. A conference call will take place at 2:00 p.m. PT/5:00 p.m. ET the same day to discuss the results and business outlook, with a live webcast accessible on Elastic's investor relations website. Elastic is recognized for its search-powered solutions in Enterprise Search, Observability, and Security, aiming to enhance user experiences and safeguard applications in various environments, be it cloud or on-premise.