The company beat expectations for the fiscal quarter, but investors have some unanswered questions.Shares of Atlassian (TEAM -9.87%) sank on Friday after the enterprise collaboration software company reported results for its fiscal 2024 third quarter. As of 2:25 p.m. ET, Atlassian stock was down about 9.9%.A strong quarter, but...In the period, which ended March 31, Atlassian generated revenue of almost $1.2 billion, which was up 30% year over year and ahead of the expectations of most analysts. Moreover, t ...

Atlassian (TEAM) reported stronger-than-expected third-quarter fiscal 2024 results. Its non-GAAP earnings per share of 89 cents beat the Zacks Consensus Estimate of 61 cents. The figure surged 64.8% from the year-ago quarter’s non-GAAP earnings of 54 cents per share, mainly driven by double-digit year-over-year growth across segments like Cloud and Data Center.TEAM’s fiscal third-quarter revenues jumped 30% to $1.19 billion and surpassed the consensus mark of $1.10 billion. The top line was primarily driven ...

For the quarter ended March 2024, Atlassian (TEAM) reported revenue of $1.19 billion, up 29.9% over the same period last year. EPS came in at $0.89, compared to $0.54 in the year-ago quarter.The reported revenue represents a surprise of +8.49% over the Zacks Consensus Estimate of $1.1 billion. With the consensus EPS estimate being $0.61, the EPS surprise was +45.90%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expecta ...

Atlassian Corporation (NASDAQ:TEAM) Q3 2024 Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants Martin Lam - Head of IR Scott Farquhar - Co-Founder and CEO Mike Cannon-Brookes - Co-Founder and CEO Joe Binz - CFO Conference Call Participants Ryan MacWilliams - Barclays Fred Havemeyer - Macquarie Sanjit Singh - Morgan Stanley Gregg Moskowitz - Mizuho Securities Michael Turrin - Wells Fargo Alex Zukin - Wolfe Research Keith Bachman - BMO Brent Thill - Jefferies Nick Altmann - Scotiabank Kas ...

Atlassian (TEAM) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 45.90%. A quarter ago, it was expected that this company would post earnings of $0.62 per share when it actually produced earnings of $0.73, delivering a surprise of 17.74%.Over the last four quarters, the company has su ...

Atlassian Announces Third Quarter Fiscal Year 2024 Results and CEO Transition Quarterly revenue of $1,189 million, up 30% year-over-year Quarterly subscription revenue of $1,071 million, up 41% year-over-year Quarterly GAAP operating margin of 1% and non-GAAP operating margin of 27% Quarterly cash flow from operations of $565 million and free cash flow of $555 million Team Anywhere/San Francisco (April 25, 2024) — Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivit ...

Atlassian Corporation (TEAM) , a leading provider of collaboration and productivity software, is set to report third-quarter fiscal 2024 results on Apr 25.Atlassian has a history of delivering solid financial performance and consistent revenue growth. The company's focus on providing innovative solutions has driven its success. With a proven track record of execution, TEAM has earned the trust of its customers.Factors at PlayAtlassian has exhibited impressive growth momentum, driven by robust demand for its ...

An analyst upgrade gave the software stock a boost.Shares of the collaboration-focused software company Atlassian (TEAM 4.84%) were moving higher on an analyst rating upgrade this morning and broader tailwinds in the tech sector, as a weaker-than-expected producer price index reading cooled inflationary fears after the hot CPI report on Wednesday.As a result, the stock finished Thursday's session up 4.8%. This cloud has a silver liningBarclays raised its rating on Atlassian from equal weight to overweight, ...

Atlassian (TEAM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned -1.4% over the past month versus the Zacks S&P 500 composite's +0.8% change. The Zacks Internet - Software industry, to which Atlassian belongs, has gained 0.2% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors ab ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Atlassian (TEAM) , which belongs to the Zacks Internet - Software industry, could be a great candidate to consider.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 20.19%.For the last reported quarter, Atlassian came out with earnin ...