secwatch.observer — SEC 8-K summary
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Issuer:     Atlassian Corp (TEAM)
CIK:        0001650372
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001650372-24-000013
Event type: leadership
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650372/000165037224000013/0001650372-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650372/000165037224000013/team-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001650372-24-000013

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