Elastic N.V. (NYSE: ESTC)

Elastic N.V., known by its ticker symbol ESTC, operates in the technology industry, specifically in the realm of data search and analysis. The company's main business activities revolve around providing a Search AI Platform that combines search capabilities with artificial intelligence, enabling companies to solve real-time business problems, unlock potential value, and achieve better outcomes. This platform is available both as a hosted, managed service across public clouds and as self-managed software.

Elastic's products are designed to help users find relevant information and insights nearly instantly in large amounts of data across a broad range of business and consumer use cases. The company's solutions are built on the Elastic Stack, a powerful set of software products that ingest and store data from any source, in any format, and perform search, analysis, and visualization. The Elastic Stack is primarily composed of Elasticsearch, Kibana, and other products such as Elastic Agent, Beats, and Logstash.

Elasticsearch is a distributed, real-time vector search and analytics engine and data store for all types of data, including textual, numerical, geospatial, structured, and unstructured. Kibana is the user interface for the Elastic Stack, providing a visualization layer for data stored in Elasticsearch. These products are engineered to provide fast and accurate search results, even within the largest datasets, and are designed to run in public or private clouds, in hybrid environments, or in multi-cloud environments.

Elastic's competitive advantages lie in its ability to find matches for search criteria in milliseconds within even the largest structured and unstructured datasets, its scalability, relevance, ease of use, and flexibility. The company's growth strategies include increasing usage of Elastic Cloud, expanding product adoption by improving ease of use and growing its user community, expanding its customer base by acquiring new customers, expanding within its existing customer base through new use cases and larger deployments, extending its product leadership through continued investment in its technology, and expanding its strategic and regional partnerships.

Elastic's customers include organizations of all sizes, across many industries, such as enterprises, educational institutions, and government entities. As of April 30, 2024, the company had approximately 21,000 customers, compared to approximately 20,200 customers and over 18,600 customers as of April 30, 2023 and 2022, respectively.

Elastic maintains partner relationships with cloud providers, systems integrators, channel partners, and referral partners, as well as OEM and MSP partners. The company offers consulting and training services to assist customers in accelerating their success with its software, and its customer support organization provides technical support services 24 hours a day, 365 days a year, across multiple languages.

Elastic's product portfolio includes the Search, Observability, and Security products. The Search product allows users to build custom search applications that can be integrated with various data sources, including Elasticsearch, Kibana, and other products. The Observability product provides real-time visibility into the performance and behavior of applications, services, and infrastructure. The Security product provides a comprehensive security solution that includes features such as threat detection, incident response, and security analytics. These products are designed to handle large volumes of data, provide fast and accurate search results, and provide real-time visibility into the performance and behavior of applications, services, and infrastructure.