Business
Atlassian Announces Fourth Quarter and Fiscal Year 2024 Results
Quarterly revenue of $1,132 million, up 20% year-over-year Quarterly subscription revenue of $1,069 million, up 34% year-over-year Quarterly GAAP operating
About this update from Atlassian Corporation
[{"type":"text","content":"\nQuarterly revenue of $1,132 million, up 20% year-over-year\n\n\nQuarterly subscription revenue of $1,069 million, up 34% year-over-year\n\n\nQuarterly GAAP operating margin of (6)% and non-GAAP operating margin of 20%\n\n\nQuarterly cash flow from operations of $426 million and free cash flow of $413 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 2024. A shareholder letter was posted on Atlassian’s Work Life blog at http://atlassian.com/blog/announcements/shareholder-letter-q4fy24 and in the Investor Relations section of Atlassian’s website at https://investors.atlassian.com.\n\n\nFourth Quarter Fiscal Year 2024 Earnings Results\n\n\n“This past year we’ve once again proved to ourselves that we can accomplish big things. We grew revenue to $4.4 billion, generated free cash flow of over $1.4 billion, and surged past 300,000 customers.\n\n\n“We announced transformative innovations for our customers like Rovo, the latest human-AI technology reshaping the way we work. We achieved significant milestones like FedRAMP’s “In Process” status, a huge step towards supporting the U.S. public sector in the cloud, and we wound down support for Server,” said Mike Cannon-Brookes, Atlassian’s co-founder and co-CEO.\n\n\n“With this setup, we feel tremendously optimistic about what is ahead of us. We’re excited to build on this momentum and get cracking on FY25,” concluded Cannon-Brookes.\n\n\n“When I look back on the last 23 years, I am filled with pride at what two mates from Australia built,” said Scott Farquhar, Atlassian’s co-founder and co-CEO. “We created a global company with over 12,000 employees, tens of thousands of champions across the Atlassian ecosystem, and over 300,000 customers. We’ve helped companies big and small all over the world solve some of the most interesting and challenging problems - from the development of electric vehicles and life-saving medical advancements to space exploration. And yet our best days are still ahead.\n\n\n“I leave the co-CEO role knowing Atlassian is incredibly well-positioned to capitalize on the huge opportunities ahead and live its mission of unleashing the potential of every team. I look forward to conti...