---
schema_version: "secwatch.filing_event.v1"
accession: "0001650372-24-000013"
form_type: "8-K"
ticker: "TEAM"
cik: "0001650372"
company_name: "Atlassian Corp"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:03:39.322652+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Q3 FY24 revenue $1,189M (+30% YoY); subscription revenue $1,071M (+41% YoY).
- Non-GAAP EPS $0.89 (vs $0.54); free cash flow $555M (+59% YoY).
- Co-founder Scott Farquhar to step down as co-CEO Aug 31; remains on board and as special advisor. Mike Cannon-Brookes becomes sole CEO.
- Cloud-majority milestone: 300,000+ cloud customers; 3x increase in paid cloud seats since Server EOS announcement.

## SEC filing metadata
- accession: 0001650372-24-000013
- form_type: 8-K
- ticker: TEAM
- cik: 0001650372
- company_name: Atlassian Corp
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650372/000165037224000013/0001650372-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650372/000165037224000013/team-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650372-24-000013
- JSON: https://secwatch.observer/filing/0001650372-24-000013.json
- Plain text: https://secwatch.observer/filing/0001650372-24-000013.txt

## Key facts
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650372/000165037224000013/0001650372-24-000013-index.htm
- Executive change
  Scott Farquhar departed as Co-Chief Executive Officer at Atlassian Corp.
  - Action: step down
  - Role: Co-Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650372/000165037224000013/0001650372-24-000013-index.htm
- Executive change
  Mike Cannon-Brookes changed role as Chief Executive Officer at Atlassian Corp.
  - Action: continue as
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650372/000165037224000013/0001650372-24-000013-index.htm

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