ESTC stock news · Elastic
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Elastic is teaming up with the Audi Revolut F1 Team for several years to help with data and search technology.
Good for ESTCElastic's partnership with the Audi Revolut F1 Team will place its tools in engineering work from 2027. This supports its business, but the announcement gives no sales estimate.
A big chance to profit is here as the market is doing well.
Good for ESTCElastic showed double-digit revenue growth, expanding subscription sales and growing large-account commitments, despite a small GAAP loss last quarter.
Q1 2027 financial results delivered by Elastic: Complete earnings call transcript available.
Good for ESTCElastic reported total revenue of $478 million for Q1 fiscal 2027, a 15% increase year-over-year, and raised its revenue guidance for the fiscal year to between $1.998 billion and $2.010 billion.