Elastic Stocks Soar After Hours on Q2 Results, Outlook
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Elastic NV ESTC actions are trade upper In Thursday after hours session After THE business reported better than expected second district financial results And issued advice.
What HAS Know: Elastic reported quarterly earnings of 37 cents by share, beat THE analyst consensus estimate of 24 cents by 54.17%.
THE business job quarterly sales of $310.61 million which exceeds THE analyst consensus estimate of $304.11 million, A 17.48% increase on sales of $264.40 million In THE even period last year.
In addition, THE total subscription customer count was approximately 20,700, against approximately 20,500 In THE First of all quarter, And on 19,700 In THE even period last year.
Elastic seen the third trimester earnings of between 30 cents And 32 cents by share, against THE estimate of 27 cents, And income between $319 million And $321 million, against THE $318.39 million estimate.
Full year 2024 earnings was planned has be between $1.06 And $1.15 by share, against THE $1.08 estimate. Income East estimated has be between $1,247 billion And $1,253 billion, against THE $1.25 billion estimate.
"We exceeds OUR expectations through both income And non-GAAP Operating margin," said Ash Kulkarni, CEO, Elastic. "OUR thoughtful investments And innovation In AI has continued has to drive customer excitement And engagement with Elastic, And This was visible In OUR business In T2."
"Generative AI East conduct A recurrence of interest In research as clients to use semantics research, vector research, And hybrid research has ground big language models with their private business context, And Elastic search Relevance Engine provides THE most complete And business ready platform For these to use case."
Related Link: For what Wonderful Technology Action Won After hours
IT IS Price Action: Actions of IT IS were up 15.38% has $92.72 in THE after hours session has THE time of publication, according to has Benzinga Pro.
Photo: Lalmch Since Pixabay
© 2023 Benzinga.com. Benzinga do not provide investment advice. All rights reserved.
Elastic NV ESTC actions are trade upper In Thursday after hours session After THE business reported better than expected second district financial results And issued advice.
What HAS Know: Elastic reported quarterly earnings of 37 cents by share, beat THE analyst consensus estimate of 24 cents by 54.17%.
THE business job quarterly sales of $310.61 million which exceeds THE analyst consensus estimate of $304.11 million, A 17.48% increase on sales of $264.40 million In THE even period last year.
In addition, THE total subscription customer count was approximately 20,700, against approximately 20,500 In THE First of all quarter, And on 19,700 In THE even period last year.
Elastic seen the third trimester earnings of between 30 cents And 32 cents by share, against THE estimate of 27 cents, And income between $319 million And $321 million, against THE $318.39 million estimate.
Full year 2024 earnings was planned has be between $1.06 And $1.15 by share, against THE $1.08 estimate. Income East estimated has be between $1,247 billion And $1,253 billion, against THE $1.25 billion estimate.
"We exceeds OUR expectations through both income And non-GAAP Operating margin," said Ash Kulkarni, CEO, Elastic. "OUR thoughtful investments And innovation In AI has continued has to drive customer excitement And engagement with Elastic, And This was visible In OUR business In T2."
"Generative AI East conduct A recurrence of interest In research as clients to use semantics research, vector research, And hybrid research has ground big language models with their private business context, And Elastic search Relevance Engine provides THE most complete And business ready platform For these to use case."
Related Link: For what Wonderful Technology Action Won After hours
IT IS Price Action: Actions of IT IS were up 15.38% has $92.72 in THE after hours session has THE time of publication, according to has Benzinga Pro.
Photo: Lalmch Since Pixabay
© 2023 Benzinga.com. Benzinga do not provide investment advice. All rights reserved.
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