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Elastic ( (ESTC) ) has shared an update.
Elastic has announced a robust second quarter for fiscal 2025, with total revenue reaching $365 million, marking an 18% increase year-over-year, and Elastic Cloud revenue up by 25%. The company’s strong financial performance was complemented by advancements in its AI-driven products, including enhanced binary quantization and the launch of AutoOps. Notably, Elastic is experiencing a leadership transition as Janesh Moorjani steps down as CFO, with Eric Prengel stepping in as the interim CFO, bringing a wealth of experience from J.P. Morgan. These developments underscore Elastic’s commitment to innovation and leadership in the AI and financial technology sectors.
For a thorough assessment of ESTC stock, go to TipRanks’ Stock Analysis page.