Atlassian (TEAM) Tops Q3 EPS by 34c, Revenues Beat; Offers 4Q Revenues Guidance Above Consensus, 4Q EPS Views Below Consensus

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Atlassian (TEAM) Gains on Beat-and-Raise, Analysts Raise PTs on a 'Big Beat'

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.

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