Benzinga | Jan 28, 2021 04:38PM EST

Recap: Atlassian Corporation Q2 Earnings

Shares of Atlassian Corporation (NASDAQ:TEAM) moved higher in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were unchanged 0.00% over the past year to $0.37, which beat the estimate of $0.32.

Revenue of $501,359,000 rose by 22.66% year over year, which beat the estimate of $471,660,000.

Looking Ahead

Atlassian Sees Q3 Adj. EPS $0.20-$0.21 vs $0.25 Est., Sales $475M-$490M vs $472.08M Est.

How To Listen To The Conference Call

Date: Jan 28, 2021

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=2948455&sessionid=1&key=A1E57AB23DE587B084EAA680D06F11C0&regTag=&V2=false&sourcepage=register

Price Action

52-week high: $250.03

Company's 52-week low was at $110.01

Price action over last quarter: Up 24.83%

Company Description

Atlassian 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.