Elastic Stretches Global Cloud Adoption, Joins Hand With AWS
Portfolio Pulse from Lekha Gupta
Elastic NV (ESTC) has signed a three-year global strategic collaboration agreement with Amazon Web Services (AWS) to drive cloud adoption worldwide. The deal includes integrated go-to-market activities, streamlining migration to Elastic Cloud on AWS, and AWS Security Competency designation for ESTC.
May 30, 2023 | 6:31 pm
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POSITIVE IMPACT
Amazon's AWS collaboration with Elastic NV may contribute to the growth of AWS services and strengthen its position in the cloud market.
The collaboration with Elastic NV will help AWS expand its cloud services and strengthen its position in the cloud market. This partnership may contribute to the growth of AWS services, positively impacting Amazon's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Elastic NV's partnership with AWS is expected to boost cloud adoption and streamline migration to Elastic Cloud, potentially increasing revenue and growth.
The partnership with AWS will help Elastic NV expand its cloud adoption and streamline migration to Elastic Cloud. This collaboration is expected to increase revenue and growth for the company, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100