- Elastic, a provider of in-app search software and infrastructure monitoring tools, has continued on a very impressive growth path.
- The company recently released Q1 results, featuring 1000+ net-new customers, 130% net revenue retention rates, and 50% y/y revenue growth.
- The company serves wide end-markets, and in particular its usage-based pricing allows it to grow alongside its customers.
- For its growth profile, Elastic's ~14x revenue multiple against next year's revenue can still be considered reasonable.
For further details see:
Elastic: A Growth Stock You Can Hold For Years