Atlassian (TEAM) Tops Q1 EPS by 1c, Revenues Beat; Offers FY19 Revenue Outlook Above Consensus

Atlassian (NASDAQ: TEAM) reported Q1 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $267.3 million versus the consensus estimate of $259.67 million.

“We had a great start to fiscal 2019, highlighted by Atlassian Summit Europe in Barcelona, where we had the opportunity to interact with our European customers and discuss the latest updates across our products and company,” said Scott Farquhar, Atlassian’s co-CEO and co-founder. “At Summit, we shared two significant announcements targeted at a critically important workflow for modern IT teams - the incident management lifecycle. We announced the acquisition of OpsGenie, a leader in incident alerting and rostering. And we introduced a new product - Jira Ops - a unified incident command center for IT teams to coordinate response and resolution. Alongside our other offerings, these two products support our efforts to deepen Atlassian’s focus on IT teams in fiscal 2019 and help realize our broader mission to unleash the potential of every team.”

GUIDANCE:

Atlassian sees FY2019 EPS of $0.78, versus the consensus of $0.77. Atlassian sees FY2019 revenue of $1.175-1.183 billion, versus the consensus of $1.16 billion.

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

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