Elastic's Q3: Strong Growth Expected

Elastic, a leading search AI platform, is poised to unveil its latest financial results this Thursday, following a robust Q2 performance. The company surpassed revenue expectations by 4.5%, generating over $415 million, a nearly 20% surge from the previous year. Elastic also onboarded 40 new enterprise clients, totaling 1550. Analysts forecast a 14.4% revenue growth for Q3, reaching nearly $418 million, and adjusted earnings of $0.58 per share. Despite a slower growth rate than last year, Elastics consistent track record of outperforming Wall Streets expectations suggests a promising outlook.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.