Elastic Shares Jump on 3Q Revenue Surge, Growth Outlook

Dow Jones

Feb 28, 2025

By Denny Jacob

Elastic shares jumped 13% in premarket trading after its latest results outperformed expectations and the company forecast further growth.

Shares were trading around $114.56. The stock is down about 13% over the last year.

The data analytics company reported revenue of $382.1 million in the third quarter ended Jan. 31, above the $369 million expected by Wall Street. Chief Executive Ash Kulkarni said continued interest from customers building generative artificial intelligence applications and consolidating onto a single platform helped drive the outperformance in the quarter.

Elastic forecast revenue between $379 million and $381 million in the fourth quarter of fiscal 2025, while the street expected $379.2 million. For fiscal 2025, the company guided for revenue between $1.474 billion and $1.476 billion, while analysts polled by FactSet expected $1.471 billion.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 28, 2025 06:38 ET (11:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2514323530"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2514323530\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2514323530?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-28 19:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2514323530","market":"hk","top_or_hot":-1,"title":"Elastic Shares Jump on 3Q Revenue Surge, Growth Outlook","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Denny Jacob \n</p>\n<pre>\n \n</pre>\n<p>\n  Elastic shares jumped 13% in premarket trading after its latest results outperformed expectations and the company forecast further growth. \n</p>\n<p>\n  Shares were trading around $114.56. The stock is down about 13% over the last year. \n</p>\n<p>\n  The data analytics company reported revenue of $382.1 million in the third quarter ended Jan. 31, above the $369 million expected by Wall Street. Chief Executive Ash Kulkarni said continued interest from customers building generative artificial intelligence applications and consolidating onto a single platform helped drive the outperformance in the quarter. \n</p>\n<p>\n  Elastic forecast revenue between $379 million and $381 million in the fourth quarter of fiscal 2025, while the street expected $379.2 million. For fiscal 2025, the company guided for revenue between $1.474 billion and $1.476 billion, while analysts polled by FactSet expected $1.471 billion. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 28, 2025 06:38 ET (11:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elastic Shares Jump on 3Q Revenue Surge, Growth Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElastic Shares Jump on 3Q Revenue Surge, Growth Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-28 19:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Denny Jacob \n</p>\n<pre>\n \n</pre>\n<p>\n  Elastic shares jumped 13% in premarket trading after its latest results outperformed expectations and the company forecast further growth. \n</p>\n<p>\n  Shares were trading around $114.56. The stock is down about 13% over the last year. \n</p>\n<p>\n  The data analytics company reported revenue of $382.1 million in the third quarter ended Jan. 31, above the $369 million expected by Wall Street. Chief Executive Ash Kulkarni said continued interest from customers building generative artificial intelligence applications and consolidating onto a single platform helped drive the outperformance in the quarter. \n</p>\n<p>\n  Elastic forecast revenue between $379 million and $381 million in the fourth quarter of fiscal 2025, while the street expected $379.2 million. For fiscal 2025, the company guided for revenue between $1.474 billion and $1.476 billion, while analysts polled by FactSet expected $1.471 billion. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 28, 2025 06:38 ET (11:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ESTC","symbol_name":"Elastic N.V.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514323530","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514323530","pubTimestamp":1740742680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Elastic shares jumped 13% in premarket trading after its latest results outperformed expectations and the company forecast further growth.Shares were trading around $114.56. The stock is down about 13% over the last year.The data analytics company reported revenue of $382.1 million in the third quarter ended Jan. 31, above the $369 million expected by Wall Street. Chief Executive Ash Kulkarni said continued interest from customers building generative artificial intelligence applications and consolidating onto a single platform helped drive the outperformance in the quarter.Elastic forecast revenue between $379 million and $381 million in the fourth quarter of fiscal 2025, while the street expected $379.2 million. For fiscal 2025, the company guided for revenue between $1.474 billion and $1.476 billion, while analysts polled by FactSet expected $1.471 billion.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ESTC":"Elastic N.V."},"translate_title":"Elastic股价因第三季度收入激增和增长前景而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ESTC":0.9},"content_text":"By Denny Jacob \n\n\n \n\n\n  Elastic shares jumped 13% in premarket trading after its latest results outperformed expectations and the company forecast further growth. \n\n\n  Shares were trading around $114.56. The stock is down about 13% over the last year. \n\n\n  The data analytics company reported revenue of $382.1 million in the third quarter ended Jan. 31, above the $369 million expected by Wall Street. Chief Executive Ash Kulkarni said continued interest from customers building generative artificial intelligence applications and consolidating onto a single platform helped drive the outperformance in the quarter. \n\n\n  Elastic forecast revenue between $379 million and $381 million in the fourth quarter of fiscal 2025, while the street expected $379.2 million. For fiscal 2025, the company guided for revenue between $1.474 billion and $1.476 billion, while analysts polled by FactSet expected $1.471 billion. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 28, 2025 06:38 ET (11:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}