Atlassian Q2 revenue $873M (+27%), net loss $205M, announces $1B buyback

Atlassian Corp

2023-Q2 EPS reported -$0.86 revenue$1,680,096,000

Revenue $873M (+27% YoY); subscription revenue $711M (+40% YoY).
GAAP net loss $205M ($0.80 loss per diluted share) vs $22.3M loss YoY; includes $83.1M tax charge.
Non-GAAP operating margin 20% (down from 26% YoY); non-GAAP EPS $0.45 (vs $0.43).
Board authorized $1B share repurchase program with no fixed expiration.
Macro headwinds pressure seat expansion and free-to-paid conversion; Jira Service Management surpasses 45,000 customers.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Atlassian Corp reported the second quarter of fiscal year 2023 ended December 31, 2022 results: revenue $872.7 million, net income $205.0 million, EPS $0.80.

Period: the second quarter of fiscal year 2023 ended December 31, 2022
Revenue: $872.7 million
Net income: $205.0 million
EPS: $0.80
Result: reported results

Exact text from the filing

• Revenue: Total revenue was $872.7 million for the second quarter of fiscal year 2023, up 27% from $688.5 million for the second quarter of fiscal year 2022. • Operating Income (Loss) and Operating Margin: Operating loss was $99.2 million for the second quarter of fiscal year 2023, compared with operating income of $23.0 million for the second quarter of fiscal year 2022. Operating margin was (11)% for the second quarter of fiscal year 2023, compared with 3% for the second quarter of fiscal year 2022. • Net Loss and Net Loss Per Diluted Share: Net loss was $205.0 million for the second quarter of fiscal year 2023, compared with a net loss of $22.3 million for the second quarter of fiscal year 2022. Net loss per diluted share was $0.80 for the second quarter of fiscal year 2023, compared with a net loss per diluted share of $0.09 for the second quarter of fiscal year 2022.

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Source: SEC EDGAR

accession 0001650372-23-000005

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