Search Software Provider Elastic Posts Better-Than-Expected Financial Results

Text size


Dreamstime

Enterprise search software provider

Elastic

posted better-than-expected results for its fiscal third quarter ended Jan. 31 and raised full-year guidance.

For the quarter, Elastic (ticker: ESTC) reported revenue of $157.1 million, up 39% from a year ago, and ahead of both the guidance range of $145 million to $147 million and the Wall Street analyst consensus forecast of $146.7 million. The company posted a non-GAAP loss of 4 cents a share, ahead of the guidance range of a loss of 14 cents to 16 cents a share, and the Street consensus forecast of a loss of 15 cents. Elastic said software-as-a-service revenues were $44.9 million, up 79%.

For the fiscal fourth quarter ending April 30, Elastic sees revenue of $158 million to $159 million, with a non-GAAP loss of 15 to 18 cents a share, ahead of the previous Street consensus at $152 million and a loss

Read More

Microsoft: Here’s how we fix bad spelling in 100 languages to get you the right search results

Developer working on laptop computer.

As many as 15% of queries are misspelled and, when they are, search engines can deliver bad answers,


Image: Getty Images/iStockphoto

Microsoft has explained how it is using a variety of technologies and techniques to fix bad spellings that can mean queries addressed to its Bing search engine would otherwise deliver the wrong results. 

The software giant is getting back to basics in its latest push by focussing on spelling errors when people search online. It reckons that 15% of queries are misspelled and, when they are, search engines can deliver bad answers. 

So, Microsoft has figured out that it needs to automatically fix users’ poor spelling in order to improve the experience of Bing

SEE: An IT pro’s guide to robotic process automation (free PDF) (TechRepublic)

“Spelling correction is the very first component in the Bing search stack because searching for the correct spelling of what users mean

Read More