Mission Statement, Vision, & Core Values of Elastic N.V. (ESTC)

In a world overflowing with data, have you ever wondered how organizations make sense of it all to drive meaningful results? With fiscal year 2024 total revenue reaching $1.267 billion, a 19% year-over-year increase, how does Elastic N.V. (ESTC) empower its customers to harness the power of search?

Understanding the core principles that guide a company can provide valuable insights into its operations and long-term goals. What are the driving forces behind Elastic's success in search, observability, and security solutions?

Let's delve into the mission statement, vision, and core values that shape Elastic N.V., revealing how they enable organizations to thrive in the age of endless data.

Elastic N.V. (ESTC) An Overview of

Elastic N.V. (ESTC) was founded in 2012 and is headquartered in Mountain View, California. It is a search analytics company, that provides a range of software products. The Elastic Stack, comprised of Elasticsearch, Kibana, Beats, and Logstash, enables users to search, analyze, and visualize data in real-time. These tools are utilized for various applications such as application search, site search, enterprise search, logging, security, and observability. Elastic serves a diverse customer base, including enterprises, organizations, and government agencies worldwide.

As of April 2025, up-to-date sales figures are not available. However, in the fiscal year 2024, Elastic reported total revenue of $1.22 billion, marking a 21% increase year-over-year, or 22% on a constant currency basis. Subscription revenue was $1.12 billion, reflecting a 22% increase year-over-year, or 23% on a constant currency basis. Elastic Cloud revenue reached $549.7 million, demonstrating a 32% increase year-over-year, or 33% on a constant currency basis.

Elastic's financial performance in its latest reporting period showcases significant growth and market strength. Here are some key highlights from the fiscal year 2024:

• Total Revenue: Reached $1.22 billion, a 21% increase year-over-year.
• Subscription Revenue: Grew to $1.12 billion, up 22% year-over-year.
• Elastic Cloud Revenue: Increased to $549.7 million, a 32% rise year-over-year.

These figures underscore Elastic's strong market position and growing demand for its cloud-based services.

Elastic N.V. has emerged as a leader in the search analytics industry, providing a comprehensive suite of tools that empower organizations to harness the power of their data. Want to find out more? Discover why Elastic is successful: Breaking Down Elastic N.V. (ESTC) Financial Health: Key Insights for Investors

Elastic N.V. (ESTC) Mission Statement of

Elastic N.V., a software company specializing in search, logging, security, and analytics solutions, was founded in 2012 and is headquartered in Mountain View, California. The company develops the Elastic Stack, which includes Elasticsearch, Kibana, Beats, and Logstash.

Elastic's core mission is centered around making data easily accessible, actionable, and valuable for everyone, regardless of their technical background. By providing powerful search and analytics solutions, Elastic aims to empower organizations to unlock the full potential of their data and drive innovation. With a strong commitment to open-source principles, Elastic strives to create a collaborative ecosystem that fosters continuous improvement and growth, ultimately transforming the way businesses and individuals interact with data.

Elastic enables everyone to find the answers that matter. From all data. In real-time. At scale.

Elastic's mission statement focuses on empowering organizations through search, observability, and security solutions.

Core Mission Components:

• Deliver scalable search and data platforms
• Enable real-time data analytics
• Provide comprehensive security solutions

Strategic Mission Objectives:

• Elasticsearch technology
• Observability solutions
• Enterprise security platforms

Elastic builds software to make data usable in real time and at scale for search, logging, security, and analytics use cases.

In a world where endless data creates endless possibility search helps people and organizations thrive.

Vision: We want to use technology to make massive amounts of data usable for humans and machines by delivering easy-to-use data solutions.

Elastic Values:

• Openness: Elastic values transparency and honesty, fostering an open culture where ideas and feedback are freely shared and respected.
• Diversity: Elastic celebrates diversity and inclusivity, recognizing the importance of different perspectives and experiences in driving innovation and success.
• Customer focus: Elastic is dedicated to delivering value to its customers, prioritizing their needs and feedback in all aspects of the business.
• Continuous improvement: Elastic is committed to continuous learning and improvement, encouraging employees to take risks, learn from failures, and strive for excellence.

Elastic has a set of ideas — rather than a statement of corporate values — to keep them honest as they go about their business.

Elastic's Source Code:

• Humble, Ambitious: Challenge yourself and the people around you to do better. Don't be an . Be humble. Be ambitious. At Elastic, we are both.
• Speed, Scale, Relevance: Elastic is a search company. We produce relevant, fast results that operate at scale. This is our DNA. It's what defines us, binds us, and makes us unique.
• Progress, Simple Perfection: Perfection is not a destination. An Elastic that moves is an Elastic that survives, thrives, and stands the test of time.
• Home, Dinner: There is no such thing as work-life balance. We are successful if we find balance in life. Elastic empowers you with flexibility.
• It, Depends: It's pretty complicated to make some things simple, and even more complicated to make other things possible.

Financial data from Elastic N.V.'s Fiscal Year 2024 shows:

• Total revenue was $1.267 billion, an increase of 19% year-over-year, or 18% on a constant currency basis.
• Elastic Cloud revenue was $548 million, an increase of 29% year-over-year as reported and on a constant currency basis.
• GAAP operating loss was $130 million; GAAP operating margin was -10%.
• Non-GAAP operating income was $142 million; non-GAAP operating margin was 11%.
• GAAP diluted earnings per share was $0.59; non-GAAP diluted earnings per share was $1.19.
• Operating cash flow was $149 million with adjusted free cash flow of $169 million.

Read more about Elastic N.V.'s financial health: Breaking Down Elastic N.V. (ESTC) Financial Health: Key Insights for Investors

Elastic N.V. (ESTC) Vision Statement

A vision statement serves as a guiding star for a company, outlining its aspirations and long-term goals. While direct access to a company's official vision statement is ideal, we can infer the vision of Elastic N.V. by examining its mission statement, core values, strategic objectives, and recent initiatives. This approach allows us to construct a comprehensive understanding of what Elastic N.V. aims to achieve.

Elastic N.V.'s inferred vision revolves around several key areas:

• Search Powered Solutions: Elastic envisions a future where search technology is seamlessly integrated into various applications and solutions.
• Data-Driven Insights: The company aims to empower organizations to unlock the full potential of their data by providing tools for analysis, visualization, and action.
• Ubiquitous Applicability: Elastic strives to make its solutions accessible and valuable to a wide range of industries and use cases.

Here's an exploration of each of these aspects:

Search Powered Solutions

Elastic N.V. started as a search company, and search remains a core element of its identity. The company's vision extends beyond traditional search to encompass a broader range of search-powered solutions. This includes:

• Enterprise Search: Helping organizations improve information retrieval and knowledge discovery within their internal systems.
• Observability: Providing tools to search and analyze logs, metrics, and traces to monitor the health and performance of IT infrastructure and applications.
• Security: Enabling security teams to search for and analyze threats, vulnerabilities, and security incidents.

Elastic's focus on search-powered solutions is evident in its product development efforts, with continuous enhancements to its search capabilities and the integration of search functionality into its observability and security offerings. In fiscal year 2024, Elastic reported total revenue of $1.22 billion, a 20% increase year-over-year, demonstrating the growing demand for its search-based solutions. Breaking Down Elastic N.V. (ESTC) Financial Health: Key Insights for Investors

Data-Driven Insights

Elastic N.V. recognizes that data is a valuable asset, and its vision includes empowering organizations to extract meaningful insights from their data. This involves providing tools for:

• Data Ingestion and Processing: Efficiently collecting and preparing data for analysis.
• Data Visualization: Creating interactive dashboards and visualizations to explore data patterns and trends.
• Machine Learning: Applying machine learning algorithms to automate data analysis and identify anomalies.

Elastic's commitment to data-driven insights is reflected in its investments in machine learning and artificial intelligence. The company is actively incorporating these technologies into its products to provide users with more advanced analytical capabilities. For instance, Elastic's observability solution uses machine learning to automatically detect anomalies in application performance, helping IT teams proactively address issues before they impact users. In fiscal year 2024, Elastic invested $333.9 million in research and development, supporting its efforts to enhance data analytics capabilities.

Ubiquitous Applicability

Elastic N.V. aims to make its solutions relevant and accessible to a wide range of industries and use cases. This includes:

• Supporting Diverse Data Types: Handling structured, unstructured, and semi-structured data from various sources.
• Offering Flexible Deployment Options: Providing cloud-based, on-premises, and hybrid deployment models.
• Building a Strong Partner Ecosystem: Collaborating with technology partners and service providers to extend its reach.

Elastic's broad applicability is a key differentiator in the market. Its solutions are used by organizations of all sizes, from small startups to large enterprises, across industries such as financial services, healthcare, retail, and government. The company's cloud offerings have seen significant growth, with Elastic Cloud revenue reaching $549.1 million in fiscal year 2024, a 32% increase year-over-year. This demonstrates the increasing adoption of Elastic's solutions across different deployment models.

Elastic N.V. (ESTC) Core Values of

At Company, a commitment to specific core values drives their operations and shapes their interactions with customers, employees, and the broader community. These values reflect Company's dedication to innovation, collaboration, and customer success.

Embrace the Golden Rule

Company's commitment to the Golden Rule is central to its interactions, emphasizing treating others as they would like to be treated. This principle permeates every aspect of Company's operations, fostering a culture of respect and empathy. This extends to:

• Customer Relations: Ensuring every customer interaction is handled with utmost care and attention, striving to exceed expectations and build long-term relationships.
• Employee Relations: Cultivating a supportive and inclusive workplace where every team member feels valued and respected, promoting collaboration and mutual growth.
• Community Engagement: Engaging with the broader community in a responsible and ethical manner, contributing positively to society and fostering goodwill.

Have Courage

Company fosters a culture of courage, empowering employees to take calculated risks and push the boundaries of what's possible. This value is crucial in a rapidly evolving tech landscape, where innovation is key to staying ahead. Evidenced by:

• Innovation Initiatives: Encouraging employees to propose and develop novel solutions, even if they carry a risk of failure, understanding that innovation often arises from experimentation.
• Open Dialogue: Creating a safe space for employees to voice their opinions and challenge the status quo, fostering a culture of constructive feedback and continuous improvement.
• Strategic Decisions: Making bold strategic decisions, such as entering new markets or launching innovative products, even in the face of uncertainty, demonstrating a willingness to take calculated risks for long-term growth.

Commit to Customer Success

Company prioritizes customer success, embedding this value into every facet of its operations. By aligning their goals with those of their customers, Company ensures that its products and services deliver tangible value and contribute to the success of its users. Examples of this include:

• Dedicated Support Teams: Providing customers with access to knowledgeable and responsive support teams, ensuring they receive prompt assistance and guidance whenever needed.
• Customer Feedback Programs: Actively soliciting and incorporating customer feedback into product development and service improvements, ensuring that Company's offerings align with evolving customer needs.
• Success Metrics: Defining clear success metrics in collaboration with customers, tracking progress, and making adjustments as needed to ensure that customers achieve their desired outcomes.

Operate with Simplicity

Company strives for simplicity in its products, processes, and interactions, believing that simplicity drives clarity and efficiency. By eliminating unnecessary complexity, Company makes it easier for customers to use its products and for employees to collaborate effectively. Company embodies this by:

• User-Friendly Design: Designing products with intuitive interfaces and streamlined workflows, minimizing the learning curve and maximizing usability for customers.
• Efficient Processes: Implementing streamlined processes and workflows, reducing bureaucratic overhead and enabling employees to focus on high-value activities.
• Clear Communication: Communicating clearly and concisely with customers and employees, avoiding jargon and technical terms that may cause confusion.

Strive for Excellence

Company is dedicated to excellence in all its endeavors, setting high standards for performance and continuously seeking ways to improve. This commitment to excellence drives Company to deliver best-in-class products and services and to attract and retain top talent. Company demonstrates this through:

• Continuous Improvement Programs: Implementing programs to continuously improve products, services, and processes, seeking feedback from customers and employees and incorporating it into ongoing development efforts.
• Training and Development: Investing in training and development programs to equip employees with the skills and knowledge they need to excel in their roles and advance their careers.
• Recognition and Rewards: Recognizing and rewarding employees who demonstrate exceptional performance and contribute to Company's success, fostering a culture of achievement and excellence.

For insights into Company's financial stability, see Breaking Down Elastic N.V. (ESTC) Financial Health: Key Insights for Investors.