Business
Atlassian Announces First Quarter Fiscal Year 2022 Results
Quarterly revenue of $614 million, up 34% year-over-year Quarterly subscription revenue of $435 million, up 57% year-over-year Quarterly IFRS operating
About this update from Atlassian Corporation
[{"type":"text","content":"\nQuarterly revenue of $614 million, up 34% year-over-year\n\nQuarterly subscription revenue of $435 million, up 57% year-over-year\n\nQuarterly IFRS operating margin of 6% and non-IFRS operating margin of 27%\n\nQuarterly cash flow from operations of $78 million and free cash flow of $59 million\n\n TEAM, Anywhere/SAN FRANCISCO--(BUSINESS WIRE)--\nAtlassian Corporation Plc (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced financial results for its first quarter of fiscal year 2022 ended September 30, 2021 and released a shareholder letter available on Atlassian’s Work Life blog at http://atlassian.com/blog/announcements/shareholder-letter-q1fy22. The shareholder letter was also posted to the Investor Relations section of Atlassian’s website at https://investors.atlassian.com.\n\n“When Scott and I started Atlassian almost 20 years ago, we wanted to create an amazing company where people love coming to work every day,” said Mike Cannon-Brookes, Atlassian’s co-founder and co-CEO. “We are beyond thrilled to be recognized amongst the top 25 companies in the World’s Best Workplaces 2021 by Great Place to Work. This is a testament to the true stewards of our culture — the many thousands of Atlassians we have around the world who live our values every day.”\n\n“We continue to deliver value to our customers and innovate across all three of our core markets,” said Scott Farquhar, Atlassian’s co-founder and co-CEO. “One example we’re most proud of is Jira Service Management being named the sole visionary in Gartner’s 2021 Magic Quadrant for IT Service Management Tools in its inaugural year in market.”\n\nFirst Quarter Fiscal Year 2022 Financial Highlights:\n\nOn an IFRS basis, Atlassian reported:\n\n\nRevenue: Total revenue was $614.0 million for the first quarter of fiscal year 2022, up 34% from $459.5 million for the first quarter of fiscal year 2021.\n\n\nOperating Income and Operating Margin: Operating income was $39.6 million for the first quarter of fiscal year 2022, compared with an operating income of $11.9 million for the first quarter of fiscal year 2021. Operating margin was 6% for the first quarter of fiscal year 2022, compared with 3% for the first quarter of fiscal year 2021.\n\n\nNet Loss and Net Loss Per Diluted Share: Net loss was $400.1 million for the first quarter of fi...