secwatch.observer — SEC 8-K summary
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Issuer:     Atlassian Corp (TEAM)
CIK:        0001650372
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001650372-24-000054
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atlassian Q1 FY25 revenue $1.19B (+21%); appoints new CRO, authorizes $1.5B buyback
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- Revenue $1,188M (+21% YoY); subscription revenue $1,132M (+33% YoY).
- GAAP net loss $123.8M ($0.48 loss/share); non-GAAP net income $199.7M ($0.77/share).
- Appointed Brian Duffy as CRO, effective Jan 1, 2025 (ex-SAP Cloud President, ex-SoftwareOne CEO).
- Board authorized $1.5B share repurchase, to start after existing $1.0B program completes.
- Cash flow from ops $80.5M, free cash flow $74.3M; cash + securities $2.2B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650372/000165037224000054/0001650372-24-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650372/000165037224000054/team-20241031.htm
  HTML page:      https://secwatch.observer/filing/0001650372-24-000054

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