Elastic Ceo Predicts Observability And Security Are Going To Merge Together
Despite the upbeat report, Elastic shares declined 8% in late trading. “The area that we’re very proud of is our Elastic Cloud growth,” CEO and founder Shay Banon told ZDNet in an interview via Zoom. That product saw sales rise 84%, year over year, to $69 million, of a similar magnitude as the 89% growth in the previous quarter. “We’ve made significant investments in our cloud offering,” he added. “We believe this is the best way to engage with our products and our solutions....