Atlassian (TEAM) Tops Q3 EPS by 30c, provides guidance

Atlassian (NASDAQ: TEAM) reported Q3 EPS of $0.89, $0.30 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.06 billion.

GUIDANCE:

Atlassian sees Q4 2024 revenue of $1.12-1.135 billion, versus the consensus of $1.105 billion.
Cloud revenue growth year-over-year is expected to be approximately 32%.
Data Center revenue growth year-over-year is expected to be in the range of 40% to 42%.
Gross margin is expected to be approximately 81.0% on a GAAP basis and approximately 83.5% on a non-GAAP basis.
Operating margin is expected to be approximately (7.0%) on a GAAP basis and approximately 18.5% on a non-GAAP basis.

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

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