Elastic (ESTC), the Search AI Company, announced that its Board has approved a share repurchase program under which the Company is authorized to repurchase up to $500 million of the Company's outstanding ordinary shares from time to time. The repurchase program does not have an expiration date.
The timing and amount of shares repurchased will depend on the share price, business and market conditions, and other factors, the company said.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.