Welcome to our dedicated page for Atlassian Corporation news (Ticker: TEAM), a resource for investors and traders seeking the latest updates and insights on Atlassian Corporation stock.
Atlassian Corporation (symbol: TEAM) is a leading provider of collaboration, development, and issue tracking software for teams. Founded in 2002 and headquartered in Sydney, Atlassian has grown to serve over 50,000 global customers, including 85 of the Fortune 100 companies. The company is renowned for its robust suite of products that enhance team productivity and streamline workflows.
Atlassian's primary offerings include:
- Jira: A powerful project planning and management tool used for tracking tasks, issues, and progress.
- Confluence: A collaboration tool that allows teams to create, share, and collaborate on projects in real-time.
- Hipchat: A communication platform designed for team messaging, video chats, and file sharing.
- Bitbucket: A code repository solution that supports Git and Mercurial, providing source code management for development teams.
The company operates across four distinct segments:
- Subscriptions: This includes term licenses and cloud agreements that provide recurring revenue.
- Maintenance: Annual maintenance contracts that offer support and periodic updates, typically associated with perpetual license sales.
- Perpetual License: One-time sales for indefinite usage of the software.
- Other: Training, strategic consulting, and revenue from the Atlassian Marketplace app store.
Atlassian is driven by a commitment to honest values and an amazing culture, which has fueled consistent revenue growth. The company is dedicated to unleashing the potential of every team by providing tools that simplify complex tasks and enhance collaboration. This dedication has made Atlassian a trusted name in the software industry.
Recent news and updates from Atlassian reveal ongoing advancements in their product offerings and strategic partnerships that continue to strengthen their market position. For the latest updates and more information, you can visit their official website at Atlassian.
Atlassian (NASDAQ: TEAM) reported Q1 FY2025 results with revenue of $1.19 billion, up 21% year-over-year, driven by subscription revenue growth of 33% to $1.13 billion. The company posted a GAAP operating loss of $32 million with a margin of -3%, while non-GAAP operating income was $268.1 million with a 23% margin. Key highlights include the launch of Rovo, an AI-powered product, and the announcement of Brian Duffy as new Chief Revenue Officer effective January 2025. The company ended Q1 with 46,844 customers having >$10,000 in Cloud ARR, up 17% year-over-year. A new $1.5 billion share repurchase program was authorized.
Zip, the AI-powered procurement orchestration platform, has secured $190 million in Series D funding led by BOND, valuing the company at $2.2 billion. This marks the largest investment in procurement technology in over two decades. The funding will be used to:
1. Accelerate R&D efforts, including further development of Zip's Procure-to-Pay product line
2. Establish the Zip AI Lab for developing cutting-edge AI solutions
3. Expand globally, with a focus on the EMEA region
Zip's platform has already processed over $107 billion in customer spend and saved industry giants like Snowflake, Discover, and Sephora over $4.4 billion in procurement spend. The company aims to revolutionize business spending and become the global standard for B2B spend management.
Atlassian (NASDAQ: TEAM) has announced the date for its first quarter fiscal year 2025 financial results release. The company will disclose its financial performance for the quarter ended September 30, 2024, after market close on Thursday, October 31, 2024. Following the release, Atlassian will host a conference call at 2:00 P.M. Pacific Time to discuss the results.
In addition to the earnings press release, Atlassian will publish a shareholder letter on its Investor Relations website. Investors and interested parties can access the live webcast of the call from the company's Investor Relations section. A replay of the call will be available on the same website after the event concludes.
Atlassian continues to use its Investor Relations website as a platform for disclosing material non-public information and complying with its disclosure obligations.
Atlassian (NASDAQ: TEAM) announced its Q4 and FY 2024 results. Key highlights include:
Q4 revenue of $1.132 billion, up 20% YoY, with subscription revenue at $1.069 billion, up 34% YoY. GAAP operating margin at (6)% and non-GAAP at 20%. Cash flow from operations was $426 million, with free cash flow at $413 million.
For FY 2024, revenue reached $4.4 billion, up 23%. GAAP operating margin was (3)%, while non-GAAP was 23%. Free cash flow was $1.4 billion.
Recent milestones include the introduction of Rovo, FedRAMP’s “In Process” status, and winding down server support. The company also expanded its board and is searching for a new Chief Revenue Officer.
Financial targets for Q1 FY 2025 include revenue between $1.149 billion and $1.157 billion with cloud revenue growth at 27% YoY.
Atlassian (NASDAQ: TEAM) has announced the appointment of Scott Belsky to its Board of Directors, effective August 1, 2024. Belsky, currently the Chief Strategy Officer and Executive Vice President of Design & Emerging Products at Adobe (NASDAQ: ADBE), brings extensive experience in product development, strategy, and design to Atlassian's board.
Mike Cannon-Brookes, co-Founder and co-CEO of Atlassian, expressed excitement about Belsky's addition, citing his expertise in building popular products and understanding industry trends, particularly in the context of the AI era. Belsky's role at Adobe includes leading corporate strategy, overseeing design across Adobe's products, and driving the development of emerging products such as 3D & Immersive products, Adobe Stock & Marketplace, and Behance.
Atlassian (NASDAQ: TEAM) has achieved Federal Risk and Authorization Management Program (FedRAMP) "In Process" status, marking a significant step towards obtaining FedRAMP Moderate Authority to Operate (ATO) by Q1 2025. This milestone is part of Atlassian's broader investment in supporting the U.S. public sector.
The company's new FedRAMP Moderate offering, Atlassian Government Cloud, will initially include Jira, Confluence, and Jira Service Management. This cloud platform aims to empower federal agencies with innovative capabilities while ensuring data security. The U.S. General Services Administration (GSA) is sponsoring Atlassian's ATO process, supporting cloud adoption within the government.
Atlassian is committed to meeting federal compliance and security standards, with plans for future investments in FedRAMP High and U.S. Department of Defense (DoD) Impact Level 5 (IL5) compliance.
Atlassian (NASDAQ: TEAM), a leader in team collaboration and productivity software, will release its financial results for the fourth quarter and fiscal year ending June 30, 2024, after market close on Thursday, August 1, 2024.
A webcast and conference call to discuss the results will take place at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time). The financial results will be accompanied by a shareholder letter available in the Investor Relations section of Atlassian's website.
A live webcast and a subsequent replay will be accessible at https://investors.atlassian.com/.
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