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 ...

I I T Sundry Photography Introduction & Investment Thesis I last wrote on Atlassian (NASDAQ:TEAM) in June, where I upgraded the stock from a "hold" to a "buy" rating. While I thought that the stock was trading at "fair" value after declining 17% from my initial coverage back in April, I thought it was an acceptable point to initiate a position given that the management was demonstrating success in driving meaningful product innovation to progress upmarket along with opportunities for customers to migrate fr ...

Atlassian Corporation (NASDAQ:TEAM) Citi’s 2024 Global TMT Conference September 5, 2024 10:00 AM ET Company Participants Anu Bharadwaj - Chief Operating Officer Conference Call Participants Fatima Boolani - Citi Fatima Boolani All right. Good morning, everybody. Day Two of Citi's Global TMT Conference. I'm Fatima Boolani. I jointly head up the software research team here, if you haven't heard from me ad nauseam already, but I am so thrilled to have Atlassian here with us and Atlassian's Anu Bharadwaj. Thank ...

Atlassian Corporation (NASDAQ:TEAM) Citi's 2024 Global TMT Conference Industry/Company - **Industry**: Software, particularly enterprise collaboration and project management - **Company**: Atlassian Corporation (NASDAQ:TEAM) Key Points and Evidence 1. **Company Milestones**: - Revenue of close to $4.4 billion with $1.4 billion in free cash flow in FY '24. - Hit first $1 billion quarter in revenue and subscription. - Released Atlassian Intelligence capabilities in the platform, bringing GenAI into workflows across Jira and Confluence. - Jira, a $1.8 billion business, continues to grow at least as fast as the overall Atlassian business. - Reached 300,000 customer mark. - Completed first $1 billion acquisition with Loom, which has performed well post-acquisition. - Customers with over $1 million in contract value grew 50% last year. - [3, 5, 7, 9] 2. **Focus Areas**: - Enterprise adoption - AI and Atlassian Intelligence - System of work (Atlassian portfolio of products) - [6, 7, 8] 3. **Enterprise Adoption**: - Substantial investments in R&D for scale, reliability, data management, data residency, security, compliance, and certification. - Data center enterprise customers choosing to adopt Cloud due to enterprise readiness of products. - [6] - Launched Atlassian Intelligence and Rovo, an AI agent building framework. - Thousands of customers have adopted Atlassian Intelligence. - [7] - Atlassian portfolio of products used in a mission-critical way by many customers. - [8] 4. **GTM Strategy**: - Focus on consolidation rather than traditional enterprise sales motion. - Explain the consolidation story and support the consolidation narrative for customers. - Bring channel partners into the conversation to provide value-added services. - [15, 16] 5. **Cross-Selling and Expansion**: - $14 billion opportunity for cross-selling existing product base to existing enterprise customers. - Demonstrating total cost of ownership (TCO) benefits for customers who consolidate tools. - Approach from multiple insertion points at the bottom and follow a coexistence strategy for several years, followed by a displacement strategy. - [19, 20, 24] 6. **JSM (Jira Service Management)**: - Fastest-growing business at Atlassian. - $600 million business growing faster than other core businesses. - Advantages in price, horizontal nature of tools, and time to value. - Greenfield vs. brownfield approach: enter at mid-market range and smaller range, displacing email or Excel sheets. - [31, 32, 33, 34, 35] 7. **Pricing Strategy**: - Price for value with steady price increases across the entire portfolio. - No fatigue from customers around pricing due to R&D investments and customer value delivered. - Exploration of consumption-based pricing, especially in AI world. - [37, 38, 40, 41] 8. **Cloud Migration**: - Server end-of-life as a symbolic moment of moving away from on-premise products. - Cloud as the ultimate destination for all customers. - Migrations coming from server and data center customer bases. - Running programs to support customers' journey from data center to cloud, including ride-along programs and channel partners. - [42, 43, 44, 45, 46, 47] 9. **CRO Transition**: - Looking for a CRO to address the next set of problems as a company: scaling the machine, meeting enterprise customers where they are, and ensuring customer adoption and deployment. - CRO will focus on procurement, delivery, and go-to-market, while R&D team focuses on product innovation. - [48, 49, 50] 10. **Resource Allocation and M&A**: - Continue to be smart and prudent about M&A to expand audiences and improve adjacencies. - Loom acquisition as a great example of an acquisition that aligns with product ethos and go-to-market motion. - R&D will continue to be one of the most important investments, with smart and efficient allocation. - [56, 57, 58, 59, 60]

Shares of Atlassian (TEAM) , a prominent player in enterprise collaboration and workflow software space, have plunged 30.3% year to date (YTD). Meanwhile, the Zacks Internet - Software industry in which the stock belongs has gained 14.9% in the year-to-date period.TEAM stock has also underperformed the Zacks Computer and Technology Sector and S&P 500 index in the YTD period. The Zacks Computer and Technology sector and S&P 500 index have returned 20.7% and 18.4%, respectively, YTD.Given Atlassian's reputati ...

Atlassian on Thursday announced that it has acquired Rewatch, an AI-powered meeting notetaker, screen recording tool and video hub. The company plans to integrate Rewatch into Loom, the asynchronous video messaging platform it acquired for $975 million last October. But maybe even more importantly, it also plans to integrate it into its recently launched Rovo AI platform so that meeting notes can quickly become Jira issues, for example, and the transcripts become searchable within the overall business conte ...

Key TakeawaysShares in Atlassian gained 9% last week and have recovered a chunk of the big losses posted after the collaboration software maker issued a disappointing revenue outlook earlier this month.Since recording its 2024 high in January, Atlassian shares have traded within an orderly descending channel, a chart pattern that indicates a downward trend, but can also signal a trend reversal upon a breakout.Atlassian shares may test higher chart levels around $168, $187, and $215, while finding support du ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 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 organization) (I.R. ...

New limited-time Bundtlet flavor features baked-in Pop-Tarts® piecesDALLAS, Aug. 15, 2024 /PRNewswire/ -- Nothing Bundt Cakes and Pop-Tarts®, known for its iconic toaster pastries, have joined forces to release a "Crazy Good" new cake flavor, Frosted Strawberry Pop-Tarts, available Aug. 19-Sept. 1, while supplies last, at the brand's 600-plus bakeries nationwide.Nothing Bundt Cakes’ Frosted Strawberry Pop-Tarts® flavor is available only in the brand’s personal-size Bundtlet and features strawberry cake bake ...