A Bet That Worked; But Persistence Needed: Elastic (ESTC)

Software company Elastic (NYSE: ESTC) increased its shares after releasing a report that exceeded Wall Street’s most ambitious expectations. Because of the consistent trend in demand for enterprise search and security systems, Elastic maintains strong revenue and subscription growth. Revenue at Elastic grew 44 % YoY to $ 177.6 million in the fourth quarter of …

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