Business
Atlassian Announces Third Quarter Fiscal Year 2023 Results
Quarterly revenue of $915 million, up 24% year-over-year Quarterly subscription revenue of $761 million, up 37% year-over-year Quarterly GAAP operating
About this update from Atlassian Corporation
[{"type":"text","content":"\nQuarterly revenue of $915 million, up 24% year-over-year\n\n\nQuarterly subscription revenue of $761 million, up 37% year-over-year\n\n\nQuarterly GAAP operating margin of (18)% and non-GAAP operating margin of 22%\n\n\nQuarterly cash flow from operations of $352 million and free cash flow of $350 million\n\n\n TEAM, Anywhere/NEW YORK--(BUSINESS WIRE)--\nAtlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced financial results for its third quarter of fiscal year 2023 ended March 31, 2023 and released a shareholder letter available on Atlassian’s Work Life blog at http://atlassian.com/blog/announcements/shareholder-letter-q3fy23. The shareholder letter was also posted to the Investor Relations section of Atlassian’s website at https://investors.atlassian.com.\n\n\n“Connecting with the Atlassian community in-person at Team ’23 was incredible, and the enthusiasm for our product announcements, particularly Atlassian Intelligence, was unmatched,” said Mike Cannon-Brookes, Atlassian’s co-founder and co-CEO. “With more than 20 years of knowledge reflecting how hundreds of thousands of software, IT, and business teams plan, track, and deliver work, Atlassian Intelligence has a unique understanding of teamwork. We are beyond thrilled about AI’s ability to unleash our customers’ potential and strengthen our competitive advantage.”\n\n\n“We delivered a solid quarter of financial results exceeding our expectations with quarterly revenue of $915 million, up 24% year-over-year, driven by subscription revenue growth of 37% year-over-year,” said Scott Farquhar, Atlassian’s co-founder and co-CEO. “Our customers are turning to Atlassian for help to transform the way work gets done and we’re incredibly excited about the significant opportunities in front of us. We’ve made tough calls and now, looking ahead, we’re laser-focused on executing to drive faster at our largest growth opportunities and strategic initiatives.”\n\n\nThird Quarter Fiscal Year 2023 Financial Highlights:\n\n\nOn a GAAP basis, Atlassian reported:\n\n\n\nRevenue: Total revenue was $915.5 million for the third quarter of fiscal year 2023, up 24% from $740.5 million for the third quarter of fiscal year 2022.\n\n\n\nOperating Income (Loss) and Operating Margin: Operating loss was $161.6 million for the third quart...