Elastic NV
ESTC: XNYS (USA)
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Elastic Earnings: Generative AI Continues to Drive Demand for Elasticsearch; Raising Fair Value 11%
Elastic reported solid third-quarter fiscal 2025 results that included sales growth of 17% to $382 million and adjusted margins expanding 350 basis points to 17%. The firm's cloud offering, Elastic Cloud, continues to gain traction and now constitutes 47% of Elastic's sales, up from 44% a year ago.
