Atlassian (TEAM) plunges despite earnings, revenue beat

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Atlassian Announces First Quarter Fiscal Year 2024 Results

November 2, 2023 4:05 PM EDT

Quarterly revenue of $978 million, up 21% year-over-year

Quarterly subscription revenue of $852 million, up 31% year-over-year

Quarterly GAAP operating margin of (2)% and non-GAAP operating margin of 23%

Quarterly cash flow from operations of $167 million and free cash flow of $163 million

TEAM Anywhere/SAN FRANCISCO--(BUSINESS WIRE)-- Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced financial results for its first quarter ended September 30, 2023 and released a shareholder letter available on Atlassians Work Life... More