AI And TechnologyElastic announced the Elastic AI Ecosystem, designed to help customers accelerate the development of generative AI applications.
EarningsElastic reported strong fiscal second-quarter results that outperformed consensus estimates on all key metrics.
Market Position And StrategyElastic is being upgraded to Outperform due to a significant unexpected turnaround in execution, evident in Q2’s results, highlighted by strong commitments, healthy consumption, improved win-rates and GenAI-inflection validating medium-term/long-term thesis.