Elastic has ‘seen a lot of strength in the business,’ Interim CFO says

Speaking at the Needham Growth Conference, Elastic’s (ESTC) Eric Prengel, GVP Finance / Interim CFO, stated when asked what is that the company sees from a demand side perspective that instills confidence in the business: “Yeah, I mean, we took the, from before the Analyst Day till after Q2, we added $34 million to our top line guide, which is about two points of growth. So the reason we did that is because of the strength that we’re seeing in the business, because of not just the commitments that we’ve got today, but the demand environment as we look at our pipeline and as we see the way that the selling motion is working. So we’ve just seen a lot of strength in the business. We’ve seen head-to-head customer wins where the product is really showing a lot of market interest and competitive differentiation relative to our peers.”