Atlassian Corp Plc Stock Price, News & Analysis

Atlassian (NASDAQ: TEAM) has appointed Karen Dykstra to its Board of Directors, bringing over 30 years of financial leadership experience to the company. Dykstra, who previously served as CFO at VMware and AOL, currently sits on the boards of Gartner and Arm Holdings.

Most recently, Dykstra helped lead VMware through its pre-acquisition transition to Broadcom as CFO and Executive VP. Her extensive experience includes roles as Chief Financial and Administrative Officer at AOL, Partner at Plainfield Asset Management, and a 25-year tenure at Automatic Data Processing, where she ultimately served as CFO.

Concurrent with Dykstra's appointment, Enrique Salem, partner at Bain Capital Ventures and former Symantec CEO, has stepped down from Atlassian's Board after serving since 2013.

Atlassian (NASDAQ: TEAM) has scheduled its third quarter fiscal year 2025 financial results announcement for Thursday, May 1, 2025, after market close. The company will host a conference call to discuss the results at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time).

A shareholder letter will be posted to the Investor Relations section of Atlassian's website concurrent with the earnings release. Interested parties can access the live webcast of the call through the company's Investor Relations website at https://investors.atlassian.com/, where a replay will also be available following the call.

Atlassian (NASDAQ: TEAM) has achieved FedRAMP Moderate Authorization for its Atlassian Government Cloud, marking a significant milestone in serving U.S. government customers. This authorization enables federal, state, and local government entities to adopt Atlassian's cloud solutions with confidence.

The authorization covers Jira, Confluence, and Jira Service Management, allowing government agencies currently using Atlassian Data Center to migrate to the Government Cloud platform. This transition offers access to the latest cloud innovations while maintaining high security, privacy, and compliance standards.

The company plans further investments in federal compliance, including pursuing FedRAMP High and U.S. Department of Defense Impact Level 5 (IL5) compliance. Atlassian has been serving government customers since 2002 and currently serves over 300,000 customers worldwide on its cloud platform.

Williams Racing and Atlassian (NASDAQ: TEAM) have announced a landmark long-term title partnership, forming Atlassian Williams Racing. This represents the largest partnership deal in Williams' 48-year history. The collaboration brings together Williams, one of F1's most successful teams with 114 wins and multiple championships, and Atlassian, a leading software company serving over 300,000 customers globally.

As the Official Title Partner, Technology Partner, and Collaboration Software partner, Atlassian will integrate its AI-powered collaboration software across Williams' operations to enhance teamwork and performance. The partnership will debut with the FW47 race car for the 2025 Formula 1 season, featuring drivers Alex Albon and Carlos Sainz. A special one-off livery will be unveiled at Silverstone, followed by the official 2025 race livery reveal on February 18 at London's O2.

Atlassian (NASDAQ: TEAM) reported strong Q2 FY2025 results with total revenue reaching $1.29 billion, up 21% year-over-year. Subscription revenue grew 30% to $1.21 billion. The company achieved a non-GAAP operating margin of 26% despite a GAAP operating loss of $57.5 million.

Key financial metrics include cash flow from operations of $352 million and free cash flow of $343 million. The company maintains a strong balance sheet with $2.5 billion in cash and marketable securities. Atlassian reported 49,449 customers with greater than $10,000 in Cloud ARR, representing 15% year-over-year growth.

For Q3 FY2025, Atlassian projects revenue between $1.345-1.353 billion, with expected Cloud revenue growth of 23.5%. The company updated its FY2025 guidance, forecasting total revenue growth of 18.5-19.0%.

Atlassian (NASDAQ: TEAM) has announced it will release its second quarter fiscal year 2025 financial results on Thursday, January 30, 2025, after market close. The company will host a conference call at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time) to discuss the financial results.

A shareholder letter will be posted to the Investor Relations section of Atlassian's website concurrent with the earnings release. A live webcast of the call will be accessible from the company's Investor Relations website, with a replay available afterward.

Atlassian (NASDAQ: TEAM) has announced the appointment of Christian Smith, Splunk's Chief Revenue Officer, to its Board of Directors, effective January 1, 2025. Smith brings over 30 years of enterprise experience, with expertise in global sales and digital transformation. At Splunk, he oversees global commercial operations and led the company's transformation from perpetual license to recurring revenue model.

Simultaneously, Jay Parikh, who has served on Atlassian's Board since July 2013, will retire effective December 31, 2024. CEO Mike Cannon-Brookes highlighted Smith's ability to simplify complex concepts and his customer-first approach as key assets for Atlassian's enterprise focus.

Atlassian (NASDAQ: TEAM) and Amazon Web Services (AWS) announced a multi-year strategic collaboration agreement to accelerate enterprise cloud migration and enhance AI capabilities. The partnership aims to migrate millions of users from Atlassian's Data Center business, which generates over $1 billion in annual revenue, to Atlassian Cloud.

The collaboration includes establishing a Cloud Center of Excellence to streamline enterprise migrations, potentially reducing migration time by 50%. Atlassian Cloud, powered by AWS, currently serves over 300,000 customers and features AI-powered capabilities through Atlassian Intelligence, which has seen nearly tenfold increase in usage this year.

The agreement also focuses on enhancing the Forge development platform with AWS services, including generative AI technologies like Amazon Bedrock for app development.

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.