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.
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Atlassian Corporation (NASDAQ: TEAM) announced its second-quarter financial results, reporting a quarterly revenue of $1,060 million, up 21% year-over-year, and a quarterly subscription revenue of $932 million, up 31% year-over-year. The company achieved a quarterly GAAP operating margin of (5%) and a non-GAAP operating margin of 24%. Quarterly cash flow from operations was $290 million, with free cash flow of $284 million. Atlassian's co-founders and co-CEOs, Scott Farquhar and Mike Cannon-Brookes, highlighted the company's achievements, including reaching $1 billion in revenue for the first time, Jira Software crossing $1 billion in Cloud ARR, and surpassing 300,000 customers. The company remains focused on strategic priorities such as cloud migrations, serving enterprise customers, ITSM, and AI.
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Atlassian Corporation (NASDAQ: TEAM) announced the release of financial results for its second quarter of fiscal year 2024 ended December 31, 2023. The company will host a webcast and conference call to discuss the financial results on Thursday, February 1, 2024, at 2:00 P.M. Pacific Time. Atlassian will also post a shareholder letter to the Investor Relations section of its website. Webcast details and access to the call can be found on Atlassian's website.
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Atlassian Corporation (NASDAQ: TEAM) has completed the acquisition of Loom, a video messaging platform, to enhance team collaboration in the global movement towards distributed work.
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Atlassian Corporation has been named a Leader in The Forrester WaveTM: Enterprise Service Management, Q4 2023. They received the highest possible score in the strategy category. Jira Service Management, Atlassian's ESM solution, offers a comprehensive and integrated suite of tools that connect development, IT, and business teams for enhanced collaboration and workflow efficiency. Atlassian's focus on innovation and customer growth validates their strategy in this space.
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Atlassian Corporation, a leading provider of team collaboration and productivity software, reported quarterly revenue of $978 million, up 21% YoY. Quarterly subscription revenue increased by 31% YoY. The company achieved a quarterly non-GAAP operating margin of 23% and generated $167 million in cash flow from operations. Atlassian also announced the acquisition of Loom, a leading asynchronous video messaging platform, to enhance collaboration across its suite of products.
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Atlassian Corporation announces acquisition of Loom, a video messaging platform with 25 million users, to enhance team collaboration. The $975 million deal will integrate Loom's async video capabilities into Atlassian's products, allowing teams to connect and collaborate more effectively. The transaction is expected to close in Q3 2024.
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Atlassian Corporation to release Q1 FY2024 financial results on November 2, 2023
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Atlassian Corporation appoints Zeynep Ozdemir as CMO and promotes Kevin Egan to CSO
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Atlassian reports Q4 2023 revenue of $939M, up 24% YoY. Quarterly subscription revenue of $800M, up 34% YoY. GAAP operating margin of (5)% and non-GAAP operating margin of 22%. Quarterly cash flow from operations of $273M and free cash flow of $270M.
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FAQ
What is the current stock price of Atlassian Corporation (TEAM)?
The current stock price of Atlassian Corporation (TEAM) is $268.36 as of December 3, 2024.
What is the market cap of Atlassian Corporation (TEAM)?
The market cap of Atlassian Corporation (TEAM) is approximately 69.1B.
What does Atlassian Corporation do?
Atlassian provides collaboration, development, and issue tracking software to help teams work together efficiently and effectively.
What are some of Atlassian's key products?
Atlassian's key products include Jira, Confluence, Hipchat, and Bitbucket.
How does Atlassian generate revenue?
Atlassian generates revenue through subscriptions, maintenance contracts, perpetual licenses, and other services like training and consulting.
When was Atlassian founded?
Atlassian was founded in 2002.
Where is Atlassian headquartered?
Atlassian is headquartered in Sydney, Australia.
How many customers does Atlassian have?
Atlassian serves over 50,000 global customers, including 85 of the Fortune 100 companies.
What are Atlassian's core business values?
Atlassian is driven by honest values, an amazing culture, and a commitment to unleashing the potential of every team.
What industries benefit from Atlassian's products?
Various industries including IT, software development, project management, and more benefit from Atlassian's products.
What is Atlassian's market position?
Atlassian is a trusted name in the software industry, known for its innovative products and strong market presence.
Where can I find more information about Atlassian?
For more information, you can visit Atlassian's official website at https://www.atlassian.com/company.
Atlassian Corporation
Nasdaq:TEAM
TEAM Rankings
TEAM Stock Data
69.08B
256.24M
0.3%
90.89%
1.14%
Software - Application
Services-prepackaged Software
United States of America
SAN FRANCISCO