Elastic

Elastic has introduced the Elasticsearch Vector Database, a serverless offering for vector search and AI applications that automates embeddings, fine-tuning and infrastructure. The product combines full-text and vector search in a single index, supports text, image and multimodal vectors as well as custom models or managed models from Jina AI. Elastic relies on automatic quantization to reduce storage needs and charges based on data and search capacity; a free trial period is available. » More on de.investing.com

Elastic rallied 48.3% in August following a mid-month SaaS sector surge and a blowout Q1 2027 report. Revenue rose 15% year-over-year to $478 million and adjusted EPS was $0.70, beating Street estimates of $470 million and $0.58. The company signed record numbers of large contracts and saw adoption of premium AI features climb to 37% of large clients, supporting a new 52-week high. » More on finance.yahoo.com

Elastic announced the integration of OpenAI’s GPT‑Cyber models via the Daybreak Defense Network into its Elastic Security platform. The models are to be embedded directly into workflows for triage, investigations, detection engineering and remediation and will be delivered through the managed, GPU‑accelerated Elastic Inference Service, so customers do not need their own infrastructure. The company did not provide a date for availability; Elastic emphasizes that its platform is used by thousands of customers, including more than 75% of Fortune 100 companies. » More on de.investing.com

Elastic reported Q1 fiscal 2027 revenue of $478 million, up 15% year-over-year, with total subscription revenue of $449 million and sales-led subscriptions up 18%. The company added more than 80 customers with ACV above $100,000, bringing the total to over 1,800, repurchased about $40 million of shares and raised fiscal 2027 revenue guidance to $1.998–2.010 billion with a projected non-GAAP operating margin near 19.4%. Despite the beat and share rally, DA Davidson kept a Neutral rating, citing execution risk and uncertainty whether growth will sustain beyond the quarter. » More on finance.yahoo.com

Elastic reported adjusted earnings of $0.70 per share for Q1 2027 on revenue of $478 million, with both EPS and revenue topping consensus estimates. Management raised its full-year guidance for revenue, sales-led subscription revenue and non-GAAP EPS, and expects accelerated growth in the second half of the year. More than 37% of large customers now use Elastic for AI use cases, which management cites as an important driver of future growth. The stock jumped about 19.9% in after-hours trading to $100.39, breaking the 52-week high. » More on de.investing.com