Elastic Reports Third Quarter Fiscal 2024 Financial Results
Q3 Revenue of $328 million, up 19% year-over-year Q3 Elastic Cloud Revenue of $143 million, up 29% year-over-year ...
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Q3 Revenue of $328 million, up 19% year-over-year Q3 Elastic Cloud Revenue of $143 million, up 29% year-over-year ...
Cloud Revenue Soars by 29% as Company Focuses on Generative AI and Platform Consolidation
On January 1, 2024, Baillie Gifford (Trades, Portfolio), a renowned investment management firm, made a significant addition to its investment portfolio by acquiring 2,400,870 shares of Elastic NV (NYSE:ESTC). This transaction increased the firm's total holdings in the company to 10,165,240 shares, marking a substantial vote of confidence in the software company's future prospects. The trade, which had a 0.21% impact on Baillie Gifford (Trades, Portfolio)'s portfolio, was executed at a price of $112.7 per share.
Microsoft, Nvidia, Amazon, and others are working on AI, but yet another player has joined the fray.
Insightful Analysis of Elastic NV's Financial Health and Market Position