secwatch.observer — SEC 8-K summary
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Issuer:     Atlassian Corp (TEAM)
CIK:        0001650372
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001650372-23-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650372/000165037223000005/0001650372-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650372/000165037223000005/team-20230202.htm
  HTML page:      https://secwatch.observer/filing/0001650372-23-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer