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Elastic Cloud Hosted Achieves FedRAMP® High "In Process" Status

1. Elastic's Cloud has achieved FedRAMP High 'In Process' status on AWS GovCloud. 2. This milestone enhances Elastic's position in federal security compliance.

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Why Bullish?

Achieving FedRAMP High status can lead to new federal contracts, boosting revenue. Historical precedents show similar milestones positively influenced stock prices in compliance-focused tech companies.

How important is it?

The FedRAMP certification enhances credibility and opens doors for federal clients, likely impacting ESTC's future growth. Such developments are significant in a competitive sector where compliance is a key differentiator.

Why Long Term?

The implications of securing federal contracts may yield sustained revenue growth over years. Historically, firms achieving compliance certifications see long-term benefits as they become eligible for government collaborations.

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SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced Elastic Cloud Hosted has achieved the Federal Risk and Authorization Management Program (FedRAMP) High "In Process" status on AWS GovCloud (US). This milestone reinforces Elastic's commitment to delivering secure and compliant solutions that support the U.S. Federal Government in safeguarding controlled unclassified information (CUI) and other sensitive, high-impact data across various mission-critical use ca.

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