Elastic's Cloud Revenue Jumps 26%
Elastic reported earnings that significantly exceeded both analyst and management expectations, showcasing robust cloud and subscription growth.
Elastic (NYSE:ESTC) is a provider in search AI technology, offering solutions for search, observability, and security. On Feb. 27, 2025, it released its third-quarter earnings for fiscal 2025, showcasing standout results that surpassed both internal and analyst forecasts. The company reported a non-GAAP earnings per share (EPS) of $0.63 and revenue of $382M, both outperforming management guidance and analyst predictions significantly. This robust performance, amid market trends favoring elastic cloud adoption, signals a strong operational quarter.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in 2024-11-21 earnings report.
Elastic offers a platform combining search, observability, and security solutions, powered by its Elastic Stack, which includes products like Elasticsearch and Kibana for real-time data analysis. This core technology supports a wide range of applications, from search functions to security threat detection.
