Revenue and Growth - Revenue of $1,188 million, up 21% year-over-year[1] - Subscription revenue of $1,132 million, up 33% year-over-year[1] - Total revenue expected to be $1,233 million to $1,241 million in Q2 FY2025[8] - Total revenue growth expected to be 16.5% to 17.0% year-over-year for FY2025[10] - Total revenues for Q3 2024 were $1,187,781 thousand, a 21.5% increase from $977,775 thousand in Q3 2023[20] - Cloud revenues for Q3 2024 were $792,306 thousand, a 31% increase from $604,647 thousand in Q3 2023[27] - Data Center revenues for Q3 2024 were $335,594 thousand, a 38.1% increase from $242,943 thousand in Q3 2023[27] Profitability and Margins - GAAP operating margin of (3)% and non-GAAP operating margin of 23%[1] - GAAP gross profit for Q3 2024 was $970.157 million, compared to $799.746 million in Q3 2023[29] - Non-GAAP gross margin remained stable at 84% for both Q3 2024 and Q3 2023[29] - GAAP operating loss increased to $(31.978) million in Q3 2024 from $(18.869) million in Q3 2023[29] - Non-GAAP operating income rose to $268.050 million in Q3 2024 from $224.943 million in Q3 2023[29] - Non-GAAP gross margin for Q4 2024 is expected to be 84%[30] - Non-GAAP operating margin for fiscal year 2025 is forecasted to be between 22.0% and 22.5%[31] Cash Flow and Financial Position - Cash flow from operations of $80 million and free cash flow of $74 million[1] - Cash and cash equivalents decreased to $2,055,597 thousand as of September 30, 2024, from $2,176,930 thousand as of June 30, 2024[23] - Free cash flow decreased to $74.341 million in Q3 2024 from $163.287 million in Q3 2023[29] Expenses - Total operating expenses for Q3 2024 were $1,002,135 thousand, a 22.4% increase from $818,615 thousand in Q3 2023[20] - Research and development expenses for Q3 2024 were $603,101 thousand, a 25.2% increase from $481,738 thousand in Q3 2023[20] - Marketing and sales expenses for Q3 2024 were $252,393 thousand, a 30.4% increase from $193,567 thousand in Q3 2023[20] - General and administrative expenses for Q3 2024 were $146,641 thousand, a 2.3% increase from $143,310 thousand in Q3 2023[20] Net Income and Loss - Net loss for Q3 2024 was $123,769 thousand, compared to a net loss of $31,883 thousand in Q3 2023[20] - GAAP net loss widened to $(123.769) million in Q3 2024 from $(31.883) million in Q3 2023[29] - Non-GAAP net income increased to $199.700 million in Q3 2024 from $168.980 million in Q3 2023[29] Cloud and Data Center Performance - 46,844 customers with >$10,000 in Cloud ARR, up 17% year-over-year[4] - Cloud revenue growth expected to be 25.5% year-over-year in Q2 FY2025[8] - Data Center revenue growth expected to be 27.5% year-over-year in Q2 FY2025[8] - Cloud ARR is defined as the annualized recurring revenue run-rate of Cloud subscription agreements, calculated by multiplying Cloud MRR by 12[18] Product Launches and Innovations - Launch of Rovo, an AI-powered product for organizational knowledge[4] Tax Rate Projections - Projected Non-GAAP tax rate for fiscal year 2025 is 26%[29]

Analysts on Wall Street project that Atlassian (TEAM) will announce quarterly earnings of $0.63 per share in its forthcoming report, representing a decline of 3.1% year over year. Revenues are projected to reach $1.15 billion, increasing 17.9% from the same quarter last year. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Before a co ...

Atlassian (TEAM, Financial)'s stock price has seen a general upward trend since August following positive financial results and positive sentiment from Goldman Sachs' analysts that upgraded Atlassian's rating from Neutral to Buy in August 2024. The increasing demand for collaboration software, driven by remote work trends and digital transformation initiatives, has benefited Atlassian. The company's products, such as Jira and Confluence, are well-positioned to capitalize on this growing market.Despite the i ...

Shares of software companies Atlassian Corp (NASDAQ:TEAM) and Datadog Inc (NASDAQ:DDOG) are both lower today, falling alongside the broader market despite upgrades.Atlassian stock is 1.3% lower to at $156.71, brushing off an upgrade to "outperform" at Raymond James. The analyst hiked its rating on TEAM from "market perform" and set a $200 price target, noting it expects stronger cloud growth in 2025 . According to its bull note, Raymond James sees "a path to mid/high-20% cloud growth and total company growt ...

Atlassian ((TEAM), the $42 billion provider of enterprise software collaboration and workflow tools, has had a rough year as the stock peaked in January above $250.Atlassian's team collaboration software like Jira, Confluence and Trello help teams organize, discuss, and complete shared work, especially software developers who were their first customers over two decades ago at the University of New South Wales.Even as revenues continue their steep high-teens ascent toward $5 billion this year and $6 billion ...

TEL AVIV, Israel, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Tabnine, the originators of the AI code assistant category, today announced the general availability of two new AI agents seamlessly integrated into Atlassian Jira to transform the way software teams approach software development and maintenance tasks: the Jira Implementation Agent and the Jira Validation Agent. First previewed in May, Tabnine is the first AI code assistant to offer a full integration with Jira and the first to offer publicly available "i ...

The AI trend is proving to be a significant tailwind for Atlassian's business.Atlassian (TEAM -5.65%) is the enterprise software company behind popular platforms like Jira and Confluence, which help organizations boost productivity. Its stock is trading down 64% from the all-time high it set during the tech frenzy in 2021, with a relatively expensive valuation combined with slowing revenue growth contributing to the decline.However, Atlassian could unlock a new phase of growth thanks to artificial intellige ...

A few months back I published an SA article entitled Screening for the Best SaaS Companies , in which I screened for the best SaaS companies out of a pool of 84 names. Atlassian was theDom received his MBA in Management and B.S. Finance (Manhattan College) and was credit trained at New York University. Dom received the Financial Risk Manager (FRM) designation from GARP.Areas of expertise are: Exponential Age & SaaS software and Blockchain.https://www.youtube.com/channel/UCdTKlxmvT0JyT4X60gI-vEwAnalyst’s Dis ...

HICKSVILLE, N.Y., Sept. 16, 2024 /PRNewswire/ -- Flagstar Bank, N.A., the bank subsidiary (the "Bank") of New York Community Bancorp, Inc., (NYSE: NYCB) (the "Company"), announced today the expansion of its Commercial and Private Banking leadership team with the appointment of four accomplished senior executives."We are excited to welcome four outstanding new senior executives to our Commercial and Private Banking team," said Joseph Otting, Chairman, President, and CEO, Flagstar Bank. "Their deep expertise ...

Atlassian Corporation (NASDAQ:TEAM) Goldman Sachs Communacopia & Technology Conference September 11, 2024 5:25 PM ET Company Participants Tiffany To - SVP, Enterprise and Platform Unidentified Analyst Hi, everyone. Thanks so much for joining us today. I'm here with Tiffany To from Atlassian. [indiscernible] from Goldman. Really, really excited to have Tiffany here with us as SVP of Enterprise and Platform for Atlassian. Question-and-Answer Session Q - Unidentified Analyst Tiffany, you have been with Atlassi ...