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Elastic Beats Q1 FY27 Targets and Lifts Guidance on Strong AI and Security Momentum

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The Story

News Summary

  • Elastic delivered strong Q1 FY27 results, exceeding guidance with revenue up 15% to $478M and sales-led subscription revenue rising 18%.
  • Robust AI integration, security demand, and record additions of $100K+ ARR customers pushed cRPO up 21%, prompting management to raise full-year revenue and operating margin guidance.
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