Business
Atlassian Announces Fourth Quarter and Fiscal Year 2023 Results
Quarterly revenue of $939 million, up 24% year-over-year Quarterly subscription revenue of $800 million, up 34% year-over-year Quarterly GAAP operating
About this update from Atlassian Corporation
[{"type":"text","content":"\nQuarterly revenue of $939 million, up 24% year-over-year\n\n\nQuarterly subscription revenue of $800 million, up 34% year-over-year\n\n\nQuarterly GAAP operating margin of (5)% and non-GAAP operating margin of 22%\n\n\nQuarterly cash flow from operations of $273 million and free cash flow of $270 million\n\n\n TEAM, Anywhere/San Francisco--(BUSINESS WIRE)--\nAtlassian Corporation (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, 2023 and released a shareholder letter available on Atlassian’s Work Life blog at http://atlassian.com/blog/announcements/shareholder-letter-q4fy23. The shareholder letter was also posted to the Investor Relations section of Atlassian’s website at https://investors.atlassian.com.\n\n\n“We closed out a challenging year with strong momentum in cloud migrations, enterprise sales, and within the ITSM market, reinforcing our conviction in our strategy which has positioned us well for fiscal year 2024 and beyond,” said Scott Farquhar, Atlassian’s co-founder and co-CEO. “We generated over $3.5 billion in revenue this year, with more than 250,000 customers powering collaboration through our world-class cloud platform.”\n\n\n“Our continued investment in R&D has ensured we’re able to deliver innovation that takes advantage of the next generation of AI,” said Mike Cannon-Brookes, Atlassian’s co-founder and co-CEO. “By leveraging the latest advancements in large language models, combined with each customer’s own data and two decades of our data-driven insights into how teams work, we’re able to help each of our customers unleash their potential.”\n\n\nFourth Quarter Fiscal Year 2023 Financial Highlights:\n\n\nOn a GAAP basis, Atlassian reported:\n\n\n\nRevenue: Total revenue was $939.1 million for the fourth quarter of fiscal year 2023, up 24% from $759.8 million for the fourth quarter of fiscal year 2022.\n\n\n\nOperating Loss and Operating Margin: Operating loss was $50.4 million for the fourth quarter of fiscal year 2023, compared with operating loss of $42.3 million for the fourth quarter of fiscal year 2022. Operating margin was (5)% for the fourth quarter of fiscal year 2023, compared with (6)% for the fourth quarter of fiscal year 2022.\n\n\n\nNet Loss and Net Loss Per Diluted Share: Net...