Elastic NV

$19.00

SKU: ESTC-1 Category:

Description

Elastic NV delivered an all-around beat in the previous quarter. The company had a 17% year-over-year growth in revenue, with Elastic Cloud seeing a remarkable 31% YoY growth, driven by advancements in cloud consumption and success in generative AI. The quarter also witnessed notable growth in the adoption of ESRE, particularly with Elasticsearch Relevance Engine (ELSER) facilitating the rapid implementation of semantic search for generative AI use cases. The release of an even more efficient ELSER Model 2 further contributed to this positive momentum. The company introduced Elasticsearch Query Language (ES|QL) in version 8.11, offering a powerful tool for data analysts, site reliability engineers, and security operations center analysts. Additionally, Elastic continued to invest in AI Assistants for Observability and Security, enhancing its leadership in AI. The integration of chat functionality with SQL, Universal Profiling in Observability, and Cloud Security Posture management for Google Cloud in Security were among the product breakthroughs in Q2. Cloud consumption remained a focal point, with Elastic acquiring Opster to strengthen monitoring, managing, and troubleshooting capabilities for Elasticsearch and OpenSearch. The partnership with Opster is expected to enhance Elastic’s serverless offerings and overall platform resilience.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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