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.
Elastic (NYSE: ESTC) reported robust financial results for Q4 and FY22, with total revenue of $239.4 million in Q4, reflecting a 35% year-over-year increase, and $862.4 million for FY22, up 42%. Elastic Cloud revenue soared 71% in Q4 to $87.7 million and 80% for the fiscal year. However, GAAP net losses per share were $0.70 in Q4 and $2.20 for FY22. The company forecasts Q1 FY23 revenue between $244 million and $246 million, marking 27% growth year-over-year.
Elastic (NYSE: ESTC) announced that CEO Ash Kulkarni will present at the Bank of America Global Technology Conference on June 9, 2022, at 11:00 a.m. PT / 2:00 p.m. ET. A live webcast will be accessible on Elastic’s Investor Relations page, with a replay available for two months. Elastic specializes in search-powered solutions, enhancing search experiences while ensuring the reliability of mission-critical applications and cybersecurity. Learn more at elastic.co.
Elastic (NYSE: ESTC) announced an expansion of its collaboration with Amazon Web Services (AWS) aimed at enhancing the access to Elastic Cloud on AWS. Key initiatives include improved onboarding processes, streamlined data ingestion, and the launch of joint go-to-market strategies. Elastic has achieved multiple AWS competencies to facilitate customer migration and integration, reducing setup time from hours to minutes. Furthermore, the partnership will offer competitive pricing and a 7-day free trial through AWS Marketplace. This collaboration aims to heighten customer success and increase sales efficiency.
Elastic (NYSE: ESTC) is set to announce its financial results for Q4 and fiscal 2022, ending April 30, 2022, after market close on June 1, 2022. A conference call will take place at 2:00 p.m. PT/5:00 p.m. ET to discuss the results and future outlook. Investors can access a live webcast via the Elastic investor relations website. Elastic specializes in search solutions for enterprise search, observability, and security, providing real-time data usability.
Elastic (NYSE: ESTC) has announced a strategic partnership with Tines to enhance security operations and response capabilities for joint customers. This alliance integrates Elastic's cloud-scale security features with Tines' no-code automation platform, enabling organizations to streamline their security workflows. Key benefits include reduced dwell times, faster responses, and lower false-positive rates. The collaboration allows security teams to automate workflows, make real-time decisions, and efficiently manage alerts in one platform, ultimately improving their security posture.
Elastic has deepened its partnership with Microsoft, focusing on enhancing the accessibility and functionality of Elastic Cloud on Azure. This multi-year agreement aims to bolster technology integration and co-selling efforts.
Key developments include expanding Elastic Cloud's global presence with new Azure regions across the Americas, Asia, and Africa, and simplifying operations for joint customers via Azure Marketplace account management and billing.
Elastic has launched new features for its Observability solution, enhancing visibility and performance in cloud-native environments. Key updates include tail-based sampling for better trace control and native support for AWS Lambda, enabling serverless trace collection. These enhancements aim to eliminate application performance blind spots while improving troubleshooting efficiency. The additions also allow for easier integration of custom logs, enhancing overall data ingestion flexibility and operational efficiency.
Elastic (NYSE: ESTC) has announced significant enhancements to its Elastic Search Platform, focusing on improving customer search experiences, accelerating cloud-native service troubleshooting, and streamlining security workflows. Key updates include the optimization of search capabilities with enhanced relevance-tuning tools, compliance with PCI DSS for secure payment data handling, and innovative features in Elastic Security for better alert contextualization. These advancements are aimed at providing organizations with faster insights and more efficient operations across various cloud services.
Elastic (NYSE: ESTC) has been recognized as a Strong Performer in The Forrester Wave™: Endpoint Detection and Response (EDR) Providers, Q2 2022. The evaluation covered 15 vendors based on 20 criteria, where Elastic excelled in both strategy and current offering. It received top scores in categories like product vision and user experience. Elastic emphasizes a consumption-based pricing model, aligning EDR with cloud computing. This recognition highlights Elastic's position in providing innovative security solutions to combat advanced cyber threats.
Elastic (NYSE: ESTC) announces significant enhancements to its Search Platform, focusing on cybersecurity and application development. The launch includes prebuilt detections against advanced threats and integrations with threat intelligence sources to streamline security investigations.
Additionally, it offers enhanced visibility into AWS Lambda and CI/CD pipelines for faster application development. Customers can achieve up to 20% faster indexing speeds and lower storage costs with new doc-value-only fields, while improved ad hoc analytics capabilities are also introduced.