Atlassian Announces Third Quarter Fiscal Year 2021 Results
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April 30, 2021 9:18 AM EDT
Shares of Australian software company Atlassian (NASDAQ: TEAM) are up 3.4% in early trading Friday after the company posted stronger-than-expected Q3 earnings.
Sales in the quarter came in 38% higher compared to a year ago, or at $569 million to top the $534 million expected from market analysts. TEAM said its subscription revenue rose 43%, year over year, to $350 million.
Earnings per share (EPS) were reported at $0.48 per share to easily top the $0.29 per share expected from analysts.
The Atlassian cloud platform allows us to innovate faster than ever for teams and organizations of all... More
April 29, 2021 4:13 PM EDT
Atlassian (NASDAQ: TEAM) reported Q3 EPS of $0.63, $0.34 better than the analyst estimate of $0.29. Revenue for the quarter came in at $568.7 million versus the consensus estimate of $533.73 million.
The Atlassian cloud platform allows us to innovate faster than ever for teams and organizations of all sizes, highlighted by our announcement of Point A, said Mike Cannon-Brookes, Atlassians co-founder and co-CEO. The Point A program fast-tracks our most promising ideas and vets early versions with our users, so customers can get value out of early products from day 1.... More
