Business
Atlassian Announces Fourth Quarter and Fiscal Year 2021 Results
Quarterly revenue of $560 million, up 30% year-over-year Quarterly subscription revenue of $386 million, up 50% year-over-year Quarterly IFRS operating
About this update from Atlassian Corporation
[{"type":"text","content":"\nQuarterly revenue of $560 million, up 30% year-over-year\n\nQuarterly subscription revenue of $386 million, up 50% year-over-year\n\nQuarterly IFRS operating margin of (1)% and non-IFRS operating margin of 17% \n\nQuarterly cash flow from operations of $184 million and free cash flow of $164 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 fourth quarter and fiscal year ended June 30, 2021 and released a shareholder letter available on Atlassian’s Work Life blog at http://atlassian.com/blog/announcements/shareholder-letter-q4fy21. The shareholder letter was also posted to the Investor Relations section of Atlassian’s website at https://investors.atlassian.com.\n\n“Our Q4 was a ripper of a quarter - as we Aussies say - as we added over 23,000 new customers, grew subscription revenue 50 percent year-over-year, and continued to see cloud momentum build,” said Mike Cannon-Brookes, Atlassian’s co-founder and co-CEO. “We are incredibly proud of our resilience and execution during fiscal 2021. We continued to innovate with five new products built on top of our cloud platform, surpassed 200,000 customers and $2 billion in revenue, and added over 1,500 new Atlassians to the team.”\n\n“Looking ahead to fiscal 2022 and beyond, the opportunities in front of Atlassian have never been greater,” said Scott Farquhar, Atlassian’s co-founder and co-CEO. “We are reimagining the future of work and are keen to seize the massive opportunities that we see across our three core markets: agile development; IT service management; and work management for all teams. We will continue to put in the hard yards to execute and advance on our mission to unleash the potential of every team.”\n\nFourth Quarter Fiscal Year 2021 Financial Highlights:\n\nOn an IFRS basis, Atlassian reported:\n\n\nRevenue: Total revenue was $559.5 million for the fourth quarter of fiscal year 2021, up 30% from $430.5 million for the fourth quarter of fiscal year 2020.\n\n\nSubscription revenue was $385.5 million for the fourth quarter of fiscal year 2021, up 50% from $257.5 million for the fourth quarter of fiscal year 2020.\n\n\n\n\nOperating Loss and Operating Margin: Operating loss was $7.5 million for the fourth quart...