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 ...

Elastic’s growth was even stronger when looking at its cloud revenue, which rose 26% from a year ago, to $180 million. As a result, its stock shot up more than 14% after-hours, completely ...

Sales grew 17% year-on-year, driven by strong demand for Elastic Cloud, which saw a 26% increase, reflecting continued momentum in cloud adoption and the company's push toward AI-powered search ...

The collaboration could also help GE Vernova accelerate development cycles and optimize operations for advanced digital technology solutions through large computational power and cloud elasticity.

Subscription Revenue: $358 million, up 16% year over year. Elastic Cloud Revenue: $180 million, growing 26% year over year. Professional Services Revenue: $24 million, growing 18% year over year.

Recently, Elastic has focused on expanding cloud adoption and enhancing its subscription-based model. Its business leverages cloud growth through strategic partnerships with major providers ...