Atlassian (TEAM) Tops Q2 EPS by 11c, Revenues Beat; CTO to Leave

Atlassian (NASDAQ: TEAM) reported Q2 EPS of $0.50, $0.11 better than the analyst estimate of $0.39. Revenue for the quarter came in at $689 million versus the consensus estimate of $641.32 million.

GUIDANCE:

Atlassian sees Q3 2022 EPS of $0.29-$0.31, versus the consensus of $0.40. Atlassian sees Q3 2022 revenue of $690-750 million, versus the consensus of $663.02 million.

Atlassian announced today that Sri Viswanath will transition his CTO responsibilities at the end of June 2022. Sri joined as CTO in January 2016, shortly after Atlassian’s initial public offering. When Sri joined Atlassian, the company had approximately 800 employees in R&D and 54,000 customers. Sri has been instrumental in transforming the architecture of Atlassian’s platform and products to establish the foundation of its cloud-first business. As of the end of the second quarter of fiscal year 2022, the company had nearly 4,000 Atlassians under Sri’s leadership, supported more than 226,000 customers, and quarterly Cloud revenue had grown approximately 13x over his time at the company.

For earnings history and earnings-related data on Atlassian (TEAM) click here.

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