Elastic reports Q1 EPS 60c, consensus 42c

Reports Q1 revenue $415M, consensus $397.3M. “Elastic (ESTC) had an excellent Q1 and a strong start to the fiscal year surpassing the high end of our guidance across all metrics,” said Ash Kulkarni, CEO. “Our growth was supported by the ongoing demand for our highly differentiated technology, and our sales team’s solid execution. With AI now clearly shaping technology decisions, our strong performance directly demonstrates the value that Elastic’s Search AI Platform delivers to our customers.”