Total Economic Impact™ Study Reveals 358% Three-Year ROI for Organizations Using Elastic Observability and Security Solutions
Elastic N.V. Ordinary Shares (ESTC)
Last elastic n.v. ordinary shares earnings: 2/26 04:10 pm
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Source: Business Wire
Independent Study Finds Elastic Customers Realize $19 Million in Benefits, Including Reduced Operations and Infrastructure Costs and Improved Productivity MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch and the Elastic Stack, today released a commissioned study conducted by Forrester Consulting on behalf of Elastic, The Total Economic Impact of Elastic Observability and Security Solutions.The study reveals that organizations using Elastic’s Security and Observability solutions realize an average return on investment (ROI) of 358% over a three-year period, with the platform paying for itself in less than six months.The new study concluded customers using Elastic saw quantified benefits of $19 million, consisting of reduced operations and monitoring labor costs, developer labor savings, reduced risk of data breach, and reduced infrastructure and licensing costs.The study further demonstrated that after implementing Elastic’s
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News
- Ichor Holdings, Ltd. (NASDAQ:ICHR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Red Hat and Elastic Fuel Retrieval Augmented Generation for GenAI Use CasesBusiness Wire
- Elastic Security Labs Releases Guidance to Avoid LLM Risks and Abuses [Yahoo! Finance]Yahoo! Finance
- Elastic Security Labs Releases Guidance to Avoid LLM Risks and AbusesBusiness Wire
- Elastic changes the SIEM game with AI-driven security analyticsBusiness Wire
ESTC
Earnings
- 2/29/24 - Beat
ESTC
Sec Filings
- 3/29/24 - Form 4
- 3/28/24 - Form 4
- 3/27/24 - Form 144
- ESTC's page on the SEC website