Atlassian Announces Fourth Quarter and Fiscal Year 2021 Results
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July 30, 2021 8:43 AM EDT
Shares of Atlassian Corporation (NASDAQ: TEAM) are up more than 11% in early Friday trading after the company delivered strong fiscal fourth-quarter earnings.
Atlassian saw its sales rise by 30% after adding over 23,000 customers to deliver revenue of $559.5 million to beat the $524 million expected from surveyed analysts. Earnings per share came in at $0.24 per share to top the $0.18 consensus.
Our Q4 was a ripper of a quarter - as we Aussies say - as we added over 23,000 new customers, grew subscription revenue 50 percent year-over-year, and continued to see cloud momentum build, said Mike Cannon-Brookes,... More
July 30, 2021 6:53 AM EDT
Cowen analyst Derrick Wood raised the price target on Atlassian Corporation (NASDAQ: TEAM) to $290.00 (from $260.00) while maintaining a Market Perform rating.
The analyst commented, "TEAM reported a strong 4Q w/ 30% billings growth above Street of 17%. FY22 guide for low/mid 40% subs... More
July 29, 2021 4:15 PM EDT
Atlassian (NASDAQ: TEAM) reported Q4 EPS of $0.24, $0.06 better than the analyst estimate of $0.18. Revenue for the quarter came in at $560 million versus the consensus estimate of $524.09 million.
GUIDANCE:
Atlassian sees Q1 2022 EPS of $0.38-$0.39, versus the consensus of $0.31. Atlassian sees Q1... More
