Subscription revenue jumped 16% YoY to $125 million, exceeding the guidance of $122.5 million to $124.5 million.
Annualized recurring revenue, a key operating metric, jumped 48% YoY to $836 million, with the growth rate accelerating from the 46% pace in the previous quarter.
The Finchat-compiled consensus estimates call for adjusted earnings per share (EPS) of $1.06 and revenue of $235.64 million for the first quarter of the fiscal year 2025.
Despite the downward revision, Scotiabank’s new price target implies a 44% upside for Elastic stock compared to its current levels.
BofA said Playtika has the highest profitability in the industry, with 30% EBITDA margins, and it is the industry’s largest direct-to-consumer platform.
The company said its artificial intelligence innovation, combined with new features added to all PagerDuty Incident Management packages, positions it well to accelerate enterprise momentum in the second...
Despite Paychex's sharp outperformance compared to the software industry over the past year, analysts remain wary of its future prospects.
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Despite Fortinet’s outperformance relative to its peers over the past 52 weeks, Wall Street analysts remain cautiously optimistic about the stock’s prospects.
he company said it is set to achieve non-GAAP profitability, beginning in the first quarter of the new fiscal year.
Asana’s guidance issued in early December projected a bottom-line loss of $0.01-$0.02 per share and revenue of $187.5 million to $188.50 million.