Elastic NV (NYSE:ESTC) saw its shares soar over 28% in pre-market trading Friday after delivering fiscal second-quarter results that exceeded expectations and raising its full-year guidance. For the quarter, Elastic reported adjusted earnings of $0.59 per share, significantly surpassing the Street consensus estimate of $0.38. Revenue increased 18% year-over-year to $365 million, topping analyst projections of $354.3 million.

Elastic also provided an encouraging outlook for the third quarter, forecasting adjusted earnings per share of $0.46 to $0.48 on revenue of $367 to $369 million, both above Wall Street expectations of $0.41 EPS and $366.7 million in revenue.

For fiscal year 2025, the company raised its guidance, projecting adjusted earnings of $1.68 to $1.72 per share on revenue of $1.451 to $1.457 billion. These revised figures are higher than analysts’ expectations of $1.53 EPS and $1.442 billion in revenue.