Benzinga | Oct 29, 2020 04:34PM EDT

Recap: Atlassian Corporation Q1 Earnings

Shares of Atlassian Corporation (NASDAQ:TEAM) decreased 7.25% in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 7.14% over the past year to $0.30, which beat the estimate of $0.27.

Revenue of $459,506,000 rose by 26.45% year over year, which beat the estimate of $440,490,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 29, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.atlassian.com%2F&eventid=2627043&sessionid=1&key=C530C37BFF29D34ABD2C5BD23DC56608&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $216.29

Company's 52-week low was at $110.01

Price action over last quarter: Up 10.39%

Company Profile

Atlassian Corporation PLC produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney, Australia.