Kathleen Walker | Elastic & Sujith Joseph | Cisco Systems
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Subscription customer growth prompts Elastic share surge in late trading

Shares in Elastic N.V. surged by over 14% in late trading after the enterprise-grade search software company today reported strong beats across the board in its latest quarterly earnings report.For its fiscal first quarter that ended July 31, Elastic reported adjusted earnings per share of 25 cents, up from a loss of 15 cents per share in the same quarter of last year. Revenue rose 17% from a year ago, to $294 million. Both were solid beats, as analysts had expected earnings per share of 11 cents on revenue of $284.81 million

Subscription customer growth prompts Elastic share surge in late trading

Shares in Elastic N.V. surged by over 14% in late trading after the enterprise-grade search software company today reported strong beats across the board in its latest quarterly earnings report.For its fiscal first quarter that ended July 31, Elastic reported adjusted earnings per share of 25 cents, up from a loss of 15 cents per share in the same quarter of last year. Revenue rose 17% from a year ago, to $294 million. Both were solid beats, as analysts had expected earnings per share of 11 cents on revenue of $284.81 million

Revolutionizing enterprise search: How Elasticsearch and Cisco harness generative AI

Artificial intelligence is revolutionizing how we interact with and manage data, with generative AI especially rocketing innovation with its growing capabilities.Elasticsearch B.V. is one of the several tech organizations harnessing the power of AI, with the company using the technology to revolutionize its enterprise search system, Elasticsearch Relevance Engine, or ERSE. The engine is currently being used by companies such as Cisco Systems Inc.