Enterprise search company Elastic (ESTC) is a remarkable outperformer today after posting blowout 4Q21 results and issuing solid, upside revenue guidance for 1Q22 and FY22. The three primary functions of its platform — enterprise search, visibility, and threat detection — place the company at the front line of the digital transformation. Each of these components is a crucial element for enterprises as they extend their digital footprints and move an ever-growing amount of data to the cloud. A variety of significant metrics reflect ESTC’s favorable positioning and the strong demand for its offerings.For instance, revenue growth skyrocketed to 44% from 39% last quarter, strengthened by the addition of 1,200 new customers (9% sequential growth) from the end of Q3. Not only is ESTC adding new clients at a rapid pace, but, its existing customers are also ratcheting up their spending. This is evidenced by the 130% net expansion rate achieved during Q4.It’s easy to understand why ESTC’s offerings are in such high demand. For starters, the ability to search through an apparently endless amount of information in order to find actionable data points is vital to maintaining a competitive edge in today’s world. Additionally, observing application performance, quickly identifying problem areas, and limiting downtime, are becoming substantially more important as enterprises conduct more business online. Lastly, cybersecurity threats are only growing in volume, complexity, and severity, as illustrated by a number of high-profile cyberattacks in recent months. It’s not surprising that ESTC’s security software registered the strongest growth in Q4 and now accounts for over 20% of total revenue.