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

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

Atlassian Announces Third Quarter Fiscal Year 2024 Results and CEO Transition

April 25, 2024 4:05 PM EDT

Quarterly revenue of $1,189 million, up 30% year-over-year

Quarterly subscription revenue of $1,071 million, up 41% year-over-year

Quarterly GAAP operating margin of 1% and non-GAAP operating margin of 27%

Quarterly cash flow from operations of $565 million and free cash flow of $555 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 third quarter ended March 31, 2024. Atlassian also announced co-founder Scott Farquhar will step down as... More