NYSE:ESTCSoftware
Elastic (ESTC) Is Up 24.2% After AI Platform Drives Profitability Turnaround And Strong 2027 Guidance
Elastic N.V. recently reported past fourth-quarter 2026 revenue of US$450.68 million and net income of US$435.9 million, a sharp turnaround from a net loss a year earlier, with full-year revenue rising to US$1.74 billion and earnings per share moving from a loss to a profit.
Management attributed this improvement to growing adoption of Elastic’s integrated AI-powered search, observability, and security platform, supported by multi-year customer commitments and guidance for continued revenue...