Elastic N.V. (NYSE: ESTC), a leading provider of search and data analytics solutions, saw its stock surge 14.79% in Thursday's trading session following its impressive fiscal third-quarter 2025 earnings report and upbeat guidance.
The company reported revenue of $382.1 million, surpassing analysts' expectations of $368.7 million, and delivered non-GAAP earnings per share of $0.63, significantly higher than the consensus estimate of $0.47. This strong performance was driven by robust demand for Elastic's products and services across various industries.
Additionally, Elastic provided an optimistic outlook for the fourth quarter and full fiscal year 2025. The company raised its non-GAAP diluted earnings per share guidance to a range of $1.91 to $1.96 on revenue between $1.474 billion and $1.476 billion, exceeding analysts' projections.
In a separate announcement, Elastic named Navam Welihinda as its new Chief Financial Officer, effective February 28, 2025. Welihinda brings extensive experience in scaling technology companies and driving profitable growth, which is expected to support Elastic's growth plans.
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