It’s earnings season and many of the top technology companies in the world are either about to deliver their quarterly numbers or already have. For Atlassian (NASDAQ:TEAM) investors, it has been a rather rough 24 hours. The company released its second-quarter report yesterday. Now, shares of TEAM stock are down 14% as investors digest the numbers. Notably, the software licensing company did report revenue and earnings which beat expectations, driven by strong subscription revenue during the quarter. However ...

Shares of work-collaboration software company Atlassian (TEAM -15.20%) got hammered on Friday after the company reported financial results for the fiscal second quarter of 2024. Even though the stock is down, the company may have more analysts than not defending its financial results, which is an interesting wrinkle to this story. As of 11:15 a.m. ET, Atlassian stock was down 12%, but was bouncing back from being 17% down earlier in the session.The market doesn't like slowing growthRevenue for Atlassian's f ...

Atlassian (TEAM) reported stronger-than-expected second-quarter fiscal 2024 results. Its second-quarter fiscal 2024 non-GAAP earnings per share of 73 cents beat the Zacks Consensus Estimate of 62 cents. The figure increased 62.2% from the year-ago quarter’s non-GAAP earnings of 45 cents per share, mainly driven by double-digit year-over-year growth across segments like Cloud and Data Center.TEAM’s second-quarter revenues jumped 21.5% to $1.06 billion and surpassed the consensus mark of $1.02 billion. The to ...

Atlassian Corporation (NASDAQ:TEAM) Q2 2024 Earnings Call Transcript February 1, 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 Keith Weiss - Morgan Stanley Michael Turrin - Wells Fargo Gregg Moskowitz - Mizuho Securities Fred Havemeyer - Macquarie Karl Keirstead - UBS Kash Rangan - Goldman Sachs Nick Altmann - Scotiabank Ryan MacWilliams - Barclays Keith Bachman - BMO Fatim ...

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 ...