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), the firm behind Elasticsearch, will have CFO Janesh Moorjani present at the virtual Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, at 7:55 a.m. PT / 10:55 a.m. ET. A live webcast and replay will be accessible on Elastic's Investor Relations page. Elastic specializes in enterprise search, observability, and security solutions, enabling real-time data usability at scale.
Elastic (NYSE: ESTC) announced robust Q2 fiscal 2022 results, reporting total revenue of $206.0 million, up 42% year-over-year, and Elastic Cloud revenue of $69.0 million, up 84%. Calculated billings rose 30% to $231.2 million, with deferred revenue at $390.3 million, reflecting a 26% increase. Despite a GAAP operating loss of $37.2 million, the company expects Elastic Cloud revenue to surpass 50% of total revenue in three years, driven by strong customer adoption.
Elastic (NYSE: ESTC) has officially joined the AWS Independent Software Vendor Workload Migration Program as a certified partner. This enables easier, cost-effective migration of self-managed Elasticsearch workloads to Elastic Cloud on AWS. Additionally, Elastic has introduced AWS FireLens integration, helping customers streamline data ingestion by shipping container logs directly to Elastic Cloud. This partnership aims to enhance customer experience and operational insights from data while reducing migration complexities.
Elastic (NYSE: ESTC) announced it will release its second quarter fiscal 2022 financial results after the U.S. market close on December 1, 2021. The report will cover the period ending October 31, 2021. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET the same day to discuss the results and future outlook. Investors can access a live webcast on Elastic's investor relations website, with a replay available for two months.
Elastic (NYSE: ESTC) has successfully acquired Optimyze, a platform specializing in continuous profiling of IT infrastructure, applications, and services. This acquisition aims to enhance Elastic's observability capabilities, integrating metrics, logs, traces, and continuous profiling to eliminate blind spots in IT ecosystems. Key Optimyze executives, including co-founders Thomas Dullien and Sean Heelan, will join Elastic. Financial terms of the deal remain undisclosed. This move positions Elastic to improve service quality and performance in complex distributed environments.
Elastic has been recognized as a Contender in the XDR market by Forrester Research in its report, The Forrester New Wave™: Extended Detection and Response (XDR) Providers, Q4 2021. This recognition comes ahead of the launch of Elastic's Limitless XDR, which integrates SIEM, security analytics, and endpoint security. Forrester highlights Elastic's customizable solutions as a key strength, emphasizing its adaptability for security teams. The Limitless XDR is designed to improve security operations by enabling comprehensive threat detection and response.
Elastic (NYSE: ESTC) has announced the acquisition of Optimyze, a continuous profiling platform, to enhance its observability capabilities. This move aims to provide customers with unified insights across metrics, logs, and traces, ultimately improving service quality. Optimyze’s technology allows for low-overhead profiling, enhancing Elastic's existing tools. The acquisition is anticipated to close during the fiscal second quarter, pending customary conditions. Financial terms remain undisclosed.
Elastic (NYSE: ESTC) has announced expanded integrations with Google Cloud, enhancing data ingestion capabilities directly into Elastic Cloud. Customers can now utilize Google Cloud Dataflow to ingest data from Google Cloud Storage, BigQuery, and Pub/Sub without operational overhead. Additionally, a new integration with Google Cloud Firestore allows for advanced search functionalities in Firebase applications, improving user experience. These innovations aim to simplify data pipelines and accelerate time to insights for users in various sectors.
Elastic hosted its second virtual ElasticON Global event, showcasing over 100 breakout sessions focused on Enterprise Search, Observability, and Security. Keynote speeches by CEO Shay Banon and CPO Ashutosh Kulkarni emphasized the potential of the Elastic Search Platform. Notable features included discussions with Microsoft executive Scott Guthrie on cloud innovation, and previews of upcoming solutions in Elastic Cloud. Innovations showcased included advancements in metrics storage and enhanced machine learning capabilities.
Elastic (NYSE: ESTC) announced the election of Shelley Leibowitz to its board of directors during the 2021 annual general meeting. Leibowitz, with over 30 years of IT and governance experience, has held key roles including CIO at Morgan Stanley and The World Bank. Her term will last until the end of the 2024 AGM. This strategic addition aims to bolster Elastic's expertise in digital transformation and information security, aligning with the company's mission to enhance enterprise search, observability, and security solutions.