Atlassian (TEAM) Reports In-Line Q4 EPS, Revenue Beats

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Go back to Atlassian (TEAM) Reports In-Line Q4 EPS, Revenue Beats

Atlassian (TEAM) Soars on Positive 4Q and CFO Appointment

August 5, 2022 11:04 AM EDT

Atlassian Corp. (NASDAQ: TEAM) soared in pre-market trading Friday and is currently up almost 14% mid-day after the company reported 4Q results and offered some forward-looking commentary on the earnings call.

The Australian software company reported 4Q adjusted EPS of $0.27, compared to EPS of $0.24 in the year-ago period, in line with what analysts were expecting. Revenue came in at $757 million, up 35% YoY, ahead of the consensus projection of $723 million.

TEAM reported an EBIT of 14.4%, below the analyst consensus of 15.3%. TEAM also announced Joe Binz as the new CFO. Binz will... More