secwatch.observer — SEC 8-K summary
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Issuer:     Atlassian Corp (TEAM)
CIK:        0001650372
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001650372-22-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650372/000165037222000075/0001650372-22-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650372/000165037222000075/team-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001650372-22-000075

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