Elastic NV jumps after Q2 revenue beats estimates

Elastic

21/11/2024 21:39

** U.S.-listed shares of data analytics company Elastic NV
 ESTC.N  jump 16.4% to $109.65 in extended trading
    ** ESTC's Q2 revenue up 18%, from a year earlier, at $365
mln, beating analysts' average estimate of $356.5 mln, according
to data compiled by LSEG
    ** "In Q2 we saw strong customer commitments with key wins
across all our solution areas, with continued momentum in GenAI
and platform consolidation" - CEO Ash Kulkarni
    ** ESTC forecast Q3 revenue to be between $367 mln and $369
mln, compared with estimates of $367.8 mln
    ** Up to last close, stock down about 16% this year

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))