Atlassian Q1 FY24 revenue $978M (+21% YoY); non-GAAP EPS $0.65

Atlassian Corp

2024-Q1 EPS reported -$0.12 revenue$977,775,000

Revenue $978M (+21%), subscription rev $852M (+31%). GAAP EPS -$0.12; non-GAAP EPS $0.65.
Non-GAAP operating margin 23% vs 18% YoY; free cash flow $163M (17% margin), up 115% YoY.
Cloud revenue +27% YoY; customers with >$10K Cloud ARR: 40,103 (+18% YoY).
Definitive agreement to acquire Loom (asynchronous video); also added AirTrack. No deal values disclosed.
CRO Cameron Deatsch leaving; hired CMO Zeynep Ozdemir, promoted Kevin Egan to CSO, added Vikram Rao as Chief Trust Officer.

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 0.9

Atlassian Corp reported first quarter of fiscal year 2024 results: net income non-GAAP net income was $169.0 million, EPS non-GAAP net income per diluted share was $0.65.

Period: first quarter of fiscal year 2024
Net income: non-GAAP net income was $169.0 million
EPS: non-GAAP net income per diluted share was $0.65
Result: reported results

Exact text from the filing

Revenue: Total revenue was $977.8 million for the first quarter of fiscal year 2024, up 21% from $807.4 million for the first quarter of fiscal year 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Atlassian Corp reported first quarter of fiscal year 2024 results: net income non-GAAP net income was $169.0 million, EPS non-GAAP net income per diluted share was $0.65.

Period: first quarter of fiscal year 2024
Net income: non-GAAP net income was $169.0 million
EPS: non-GAAP net income per diluted share was $0.65
Result: reported results

Exact text from the filing

Net loss was $31.9 million for the first quarter of fiscal year 2024, compared with net loss of $13.7 million for the first quarter of fiscal year 2023. Net loss per diluted share was $0.12 for the first quarter of fiscal year 2024, compared with net loss per diluted share of $0.05 for the first quarter of fiscal year 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Atlassian Corp reported first quarter of fiscal year 2024 results: net income non-GAAP net income was $169.0 million, EPS non-GAAP net income per diluted share was $0.65.

Period: first quarter of fiscal year 2024
Net income: non-GAAP net income was $169.0 million
EPS: non-GAAP net income per diluted share was $0.65
Result: reported results

Exact text from the filing

Net income was $169.0 million for the first quarter of fiscal year 2024, compared with net income of $92.5 million for the first quarter of fiscal year 2023. Net income per diluted share was $0.65 for the first quarter of fiscal year 2024, compared with net income per diluted share of $0.36 for the first quarter of fiscal year 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Atlassian Corp reported quarter ended September 30, 2023 (first quarter fiscal year 2024) results: revenue $978 million.

Period: quarter ended September 30, 2023 (first quarter fiscal year 2024)
Revenue: $978 million
Result: reported results

Exact text from the filing

Quarterly revenue of $978 million, up 21% year-over-year

View on SEC.gov

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Source: SEC EDGAR

accession 0001650372-23-000058

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