---
schema_version: "secwatch.filing_event.v1"
accession: "0001650372-23-000058"
form_type: "8-K"
ticker: "TEAM"
cik: "0001650372"
company_name: "Atlassian Corp"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:31:13.575151+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001650372-23-000058
- form_type: 8-K
- ticker: TEAM
- cik: 0001650372
- company_name: Atlassian Corp
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650372/000165037223000058/0001650372-23-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650372/000165037223000058/team-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650372-23-000058
- JSON: https://secwatch.observer/filing/0001650372-23-000058.json
- Plain text: https://secwatch.observer/filing/0001650372-23-000058.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650372/000165037223000058/0001650372-23-000058-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650372/000165037223000058/0001650372-23-000058-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650372/000165037223000058/0001650372-23-000058-index.htm
- Earnings Releases
  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
  source text: Quarterly revenue of $978 million, up 21% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650372/000165037223000058/0001650372-23-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.