secwatch / observer
8-K filed April 25, 2024, 7:59 PM ET ticker TEAM CIK 0001650372
leadership confidence high sentiment positive materiality 0.90

Atlassian Q3 revenue $1.19B, +30% YoY; co-CEO Farquhar to step down Aug 31

Atlassian Corp

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Scott Farquhar

Co-Chief Executive Officer
TEAM · Atlassian Corp
Effective
2024-08-31
Successor
Mike Cannon-Brookes
Filed
April 25, 2024, 7:59 PM ET
On April 25, 2024, Scott Farquhar, the Company’s Co-Founder, Co-Chief Executive Officer and director, announced that he will step down from his role as Co-Chief Executive Officer, effective as of August 31, 2024.
Role change

Mike Cannon-Brookes

Chief Executive Officer
TEAM · Atlassian Corp
Effective
2024-08-31
Filed
April 25, 2024, 7:59 PM ET
At that time, Mike Cannon-Brookes, the Company’s Co-Founder, Co-Chief Executive Officer and director will continue as the Company’s Chief Executive Officer.

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 third quarter ended March 31, 2024 results: revenue $1,189.1 million, net income $12.8 million, EPS $0.05.

Period
third quarter ended March 31, 2024
Revenue
$1,189.1 million
Net income
$12.8 million
EPS
$0.05
Result
reported results
Exact text from the filing
set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Atlassian Announces Third Quarter Fiscal Year 2024 Results and CEO Transition Quarterly revenue of $1,189 million, up 30% year-over-year Quarterly subscription revenue of $1,071 million, up 41% year-over-year Quarterly GAAP operating margin of 1% and non-GAAP operating margin of 27%
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Farquhar departed as Co-Chief Executive Officer at Atlassian Corp.

Action
step down
Role
Co-Chief Executive Officer
Exact text from the filing
On April 25, 2024, Scott Farquhar, the Company’s Co-Founder, Co-Chief Executive Officer and director, announced that he will step down from his role as Co-Chief Executive Officer, effective as of August 31, 2024.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Mike Cannon-Brookes changed role as Chief Executive Officer at Atlassian Corp.

Action
continue as
Role
Chief Executive Officer
Exact text from the filing
At that time, Mike Cannon-Brookes, the Company’s Co-Founder, Co-Chief Executive Officer and director will continue as the Company’s Chief Executive Officer.
View on SEC.gov

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Atlassian Corp filing history →

Source: SEC EDGAR
accession 0001650372-24-000013
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