Core Insights - Atlassian reported $1.06 billion in revenue for the quarter ended December 2023, marking a year-over-year increase of 21.5% and an EPS of $0.73 compared to $0.45 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $1.02 billion by 4.03%, and the EPS surpassed the consensus estimate of $0.62 by 17.74% [1] Revenue Breakdown - Subscription revenue reached $932.18 million, exceeding the nine-analyst average estimate of $889.23 million, with a year-over-year change of +31.1% [2] - Other revenues were reported at $58.83 million, slightly above the estimated $55.82 million, reflecting a +6% change year-over-year [2] - Maintenance revenue was $69.10 million, significantly higher than the average estimate of $58.07 million, but showed a year-over-year decline of -34.8% [2] - Marketplace and services revenue totaled $62.97 million, surpassing the average estimate of $58.35 million, with a +5.1% year-over-year change [2] - Server revenue was reported at $69.17 million, exceeding the estimated $53.94 million, but reflecting a -34.9% change compared to the previous year [2] - Cloud revenue reached $653.21 million, slightly above the estimated $648.02 million, with a +27.5% year-over-year increase [2] - Data Center revenue was $274.76 million, exceeding the average estimate of $259.48 million, representing a +41.4% year-over-year change [2] Stock Performance - Atlassian shares have returned +13.5% over the past month, outperforming the Zacks S&P 500 composite's +1.6% change, and the stock currently holds a Zacks Rank 2 (Buy) [3]

Atlassian (TEAM) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.74%. A quarter ago, it was expected that this company would post earnings of $0.53 per share when it actually produced earnings of $0.65, delivering a surprise of 22.64%.Over the last four quarters, the company has su ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-37651 Atlassian Corporation (Exact name of Registrant as specified in its charter) Delaware 88-3940934 (State or other jurisdiction of incorporation or organiz ...

Atlassian (NASDAQ: TEAM) stock price continued its remarkable rally ahead of its quarterly results. The shares surged to $260 on Tuesday, meaning it has jumped by more than 120% from its lowest point in November 2022. This surge has pushed its market cap to more than $66 billion, making it the fifth-biggest Australian company after BHP, CBA, CSL, and NAB.Atlassian earnings aheadCopy link to sectionAtlassian is a leading software company that owns brands like Jira, Trello, Confluence, Compass, and Atlas. Its ...

Kelly SullivanI have been downgrading a lot of tech stocks lately as a result of a strong sector-wide rally, but Atlassian (NASDAQ:TEAM) is still trading at buyable levels. While the stock is admittedly rich and trades at the high end of its fair value range, I view the company as offering one of the stickiest products among peers. The company maintains a net cash balance sheet and I wouldn’t be surprised to see a GAAP profitability inflection over the next year. The company may see some acceleration in ...

Atlassian (TEAM) is scheduled to report second-quarter fiscal 2024 results on Feb 1.Atlassian expects fiscal second-quarter revenues between $1.01 billion and $1.03 billion ($1.02 billion at the midpoint). The Zacks Consensus Estimate for revenues is pegged at $1.02 billion, suggesting growth of 16.8% from the year-ago reported figure.For fiscal second-quarter earnings, the Zacks Consensus Estimate is pegged at 62 cents per share, implying a 37.8% increase from 45 cents reported in the year-ago period.Atlas ...

Wall Street analysts expect Atlassian (TEAM) to post quarterly earnings of $0.62 per share in its upcoming report, which indicates a year-over-year increase of 37.8%. Revenues are expected to be $1.02 billion, up 16.8% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 29.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announce ...

Atlassian (TEAM) is a stock that investors should consider adding to their portfolio to benefit from its upside potential.Tech stocks made a remarkable run in 2023 after a massive sell-off in 2022 on recession concerns, inflationary pressure, increased oil prices and higher interest rates. Atlassian was one of the beneficiaries of last year’s tech rally, which soared 84.8% in 2023, outperforming the Zacks Computer and Technology sector’s rise of 53.8%.The stock also outpaced the return of major stock market ...

Atlassian Corporation (NASDAQ:TEAM) Q1 2024 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Martin Lam - Head of Investor Relations Scott Farquhar - Co-Founder and Co-CEO Mike Cannon-Brookes - Co-Founder and Co-CEO Cameron Deatsch - Chief Revenue Officer Joe Binz - Chief Financial Officer Conference Call Participants Ryan MacWilliams - Barclays Karl Keirstead - UBS Brent Thill - Jefferies Kash Rangan - Goldman Sachs Fred Havemeyer - Macquarie Gregg Moskowitz - Mizuho Michael Turrin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-37651 Atlassian Corporation (Exact name of Registrant as specified in its charter) Delaware 88-3940934 (State or other jurisdiction of incorporation or organi ...