Reflecting On Data Infrastructure Stocks’ Q2 Earnings: Elastic (NYSE:ESTC)

Wrapping up Q2 earnings, we look at the numbers and key takeaways for the data infrastructure stocks, including Elastic (NYSE:ESTC) and its peers. Generating insights from system level data is an increasing priority for most businesses, but to do so requires connecting and analyzing piles of data stored and siloed in separate databases. This is the demand driver for cloud based data infrastructure software providers, who can more readily integrate, distribute and process information vs. legacy on-premise software providers. The 4 data infrastructure stocks we track reported a satisfactory Q2. As a group, revenues beat analysts' consensus estimates by 1.7% while next quarter's revenue guidance was 2.3% below.