Atlassian Announces Third Quarter Fiscal Year 2021 Results
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Atlassian (TEAM) Gains on Beat-and-Raise, Analysts Raise PTs on a 'Big Beat'
April 30, 2021 9:18 AM EDTShares 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
Atlassian (TEAM) Tops Q3 EPS by 34c, Revenues Beat; Offers 4Q Revenues Guidance Above Consensus, 4Q EPS Views Below Consensus
April 29, 2021 4:13 PM EDTAtlassian (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
