Atlassian Announces Third Quarter Fiscal Year 2024 Results and CEO Transition

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Go back to Atlassian Announces Third Quarter Fiscal Year 2024 Results and CEO Transition

Atlassian (TEAM) comes ahead of Street estimates in Q1 but shares tumble

April 25, 2024 4:26 PM EDT

Shares of Atlassian (NASDAQ: TEAM) tumbled over 6% in after-hours trading Thursday even though the companys financial results for the fiscal Q3 beat analyst estimates.

Atlassian reported third-quarter earnings per share (EPS) of $0.89, outperforming consensus estimates of $0.59. The company's revenue for the quarter reached $1.19 billion, surpassing the projected $1.06 billion.

Looking ahead, Atlassian has provided guidance... More