Elastic Beats Expectations: A Pleasant Surprise for Investors

Elastic beats Wall Street expectations! Despite a net loss, adjusted earnings soared to sixty cents per share, crushing analyst predictions of forty-two cents. Revenue also exceeded forecasts, hitting $415.3 million. The company's optimistic outlook projects continued growth, with full-year revenue expected to reach up to $1.69 billion. Can Elastic maintain its momentum? Hosted on Acast. See acast.com/privacy for more information.