Atlassian Q1 FY23 revenue $807M, up 31% YoY; cuts FY23 outlook citing macro headwinds

Atlassian Corp

2023-Q1 EPS reported -$0.05 revenue$807,392,000

Revenue $807.4M (+31% YoY); subscription revenue $651M (+50% YoY).
GAAP operating margin -4%; non-GAAP operating margin 18%; non-GAAP EPS $0.36.
Free cash flow $75.9M (9% margin); cash & short-term investments $1.5B.
Macro headwinds: slowing free-to-paid conversions and paid user growth from existing customers.
FY23 revenue outlook reduced; mid-teens operating margin maintained; line of sight to $10B annual revenue.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Atlassian Corp reported financial results for first quarter of fiscal year 2023 ended September 30, 2022.

Period: first quarter of fiscal year 2023 ended September 30, 2022
Result: reported results

Exact text from the filing

shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Atlassian Announces First Quarter Fiscal Year 2023 Results Quarterly revenue of $807 million, up 31% year-over-year Quarterly subscription revenue of $651 million, up 50% year-over-year Quarterly GAAP operating margin of (4)% and non-GAAP operating margin of 18%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Atlassian Corp reported financial results for first quarter of fiscal year 2023 ended September 30, 2022.

Period: first quarter of fiscal year 2023 ended September 30, 2022
Result: reported results

Exact text from the filing

Net loss was $13.7 million for the first quarter of fiscal year 2023, compared with a net loss of $411.2 million for the first quarter of fiscal year 2022. Net loss per diluted share was $0.05 for the first quarter of fiscal year 2023, compared with a net loss per diluted share of $1.63, for the first quarter of fiscal year 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Atlassian Corp reported first quarter of fiscal year 2023 ended September 30, 2022 results: revenue $807.4 million.

Period: first quarter of fiscal year 2023 ended September 30, 2022
Revenue: $807.4 million
Result: preliminary results

Exact text from the filing

Total revenue was $807.4 million for the first quarter of fiscal year 2023, up 31% from $614.0 million for the first quarter of fiscal year 2022.

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Source: SEC EDGAR

accession 0001650372-22-000075

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