Compared to Estimates, Atlassian (TEAM) Q4 Earnings: A Look at Key Metrics

Core Insights - Atlassian reported $1.13 billion in revenue for the quarter ended June 2024, marking a year-over-year increase of 20.5% and an EPS of $0.66 compared to $0.57 a year ago [1] - The reported revenue met the Zacks Consensus Estimate, with a surprise of +0.34%, while the EPS exceeded expectations by +11.86% [1] Revenue Breakdown - Subscription revenue was $1.07 billion, matching the average estimate and reflecting a +33.7% change year-over-year [4] - Other revenue reached $62.72 million, surpassing the average estimate of $53.41 million, with a year-over-year increase of +17.3% [5] - Cloud revenue was $738.01 million, slightly below the estimated $742.79 million, but still showing a +31% change compared to the previous year [6] - Data Center revenue totaled $326.66 million, close to the estimated $327.64 million, with a significant year-over-year increase of +40.7% [7] - Marketplace and other revenue was $66.92 million, exceeding the average estimate of $57.28 million, representing a +16.4% change year-over-year [8] Customer Metrics - The total number of customers stood at 300,000, slightly below the average estimate of 308,187 based on three analysts [3] Stock Performance - Atlassian's shares have returned -3.1% over the past month, contrasting with the Zacks S&P 500 composite's +1.1% change, and the stock currently holds a Zacks Rank 3 (Hold) [8]