Atlassian (TEAM) Tops Q4 EPS by 10c, Offers Guidance

Atlassian (NASDAQ: TEAM) reported Q4 EPS of $0.66, $0.10 better than the analyst estimate of $0.56. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.08 billion.

GUIDANCE:

Atlassian sees Q1 2025 revenue of $1.15-1.16 billion, versus the consensus of $1.16 billion.

• Total revenue is expected to be in the range of $1,149 million to $1,157 million.
• Cloud revenue growth year-over-year is expected to be approximately 27.0%.
• Data Center revenue growth year-over-year is expected to be approximately 35.0%.
• Other revenue growth year-over-year is expected to be approximately 13.0%.
• 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 19.0% on a non-GAAP basis.
• Fiscal Year 2025:
• Total revenue growth year-over-year is expected to be approximately 16.0%.
• Cloud revenue growth year-over-year is expected to be approximately 23.0%.
• Data Center revenue growth year-over-year is expected to be approximately 20.0%.
• Other revenue growth year-over-year is expected to be approximately 5.0%.
• 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 (6.0%) on a GAAP basis and approximately 21.5% on a non-GAAP basis.
• For additional commentary regarding financial targets, please see Atlassian’s fourth quarter fiscal year 2024 shareholder letter dated August 1,

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

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