Atlassian Corporation · NASDAQ:TEAM
Atlassian — Q1 FY2017 Earnings Presentation
17 slides from Atlassian's earnings presentation, Oct 27, 2016
Slide 1: Q4 FY2016 Q1 FY2017 October 27, 2016
Q4 FY2016 Q1 FY2017 October 27, 2016
Slide 2: Q1 FY2017 Business highlights
Q1 FY2017 Photocopies. Email. Status meetings. When Atlassian was founded, these were the tools of workplace collaboration. Today, the problems teams are solving have become increasingly complex, and the teams themselves increasingly distributed. It's no surprise then that more and more teams are tu
Slide 3: Serving all teams with full collaboration stack
Q1 FY20173 • For project planning and tracking, we have seen rapid adoption of JIRA Core by non-technical teams. Among our attendees at Summit this year, over half use JIRA Core, representing significant growth since its launch just one year ago. • We furthered our momentum in the code management an
Slide 4: Data Center and Atlassian Marketplace momentum
Q1 FY20174 high demand for AWS support among our enterprise customers who are eager to spend less energy maintaining their own networks, but are not yet ready to move to a cloud-based hosted service. • Zero-downtime capabilities for JIRA Software Data Center. Now administrators can upgrade to a new
Slide 5: Customer highlights
Q1 FY20175 Customer highlights Customers: We define the number of customers at the end of any particular period as the number of organizations with unique domains that have at least one active and paid license or subscription of our products for which they paid more than $10 per month. While a singl
Slide 6: Customer examples: Rockwell Collins and Kabbage
Q1 FY20176 Rockwell Collins Another example where we've seen our products spread like wildfire is at Rockwell Collins, a provider of avionics and IT systems to aircraft manufacturers and governmental agencies. Its usage of Atlassian tools began with a single engineering team in 2011. Today, over 20,
Slide 7: Revenue
Q1 FY2017 Revenue Total revenue for the first quarter of fiscal 2017 was $136.8 million, up 34% year-over-year. Our revenue by line item for the quarter is as follows: • Subscription revenue primarily relates to fees earned from sales of our cloud products. A small portion of this revenue also relat
Slide 8: Margins and operating expenses
Q1 FY20178 Margins and operating expenses A reconciliation of IFRS to non-IFRS measures is provided within the tables at the end of this letter, in our earnings press release or posted on our Investor Relations website. IFRS gross margin for Q1'17 was 83.5%, compared with 83.9% for Q1'16. Non- IFRS
Slide 9: Financial targets
Q1 FY20179 Financial targets For the full year fiscal 2017, our financial targets are as follows: • Total revenue is expected to be in the range of $597 million to $603 million. • Gross margin is expected to be in the range of 82% to 83% on an IFRS basis and in the range of 84% to 85% on a non-IFRS
Slide 10: Consolidated statements of operations
Q1 FY2017 Atlassian Corporation Plc Consolidated statements of operations (U.S. $ and shares in thousands, except per share data) (unaudited) 10 Three Months Ended September 30, 2016 2015 Revenues: Subscription $ 49,931 $ 30,467 Maintenance 61,741 50,354 Perpetual license 17,501 15,501 Other 7,614 5
Slide 11: Consolidated statements of financial position
Q1 FY2017 Atlassian Corporation Plc Consolidated statements of financial position (U.S. $ in thousands) (unaudited) 11 September 30, 2016 June 30, 2016 Assets Current assets: Cash and cash equivalents $ 266,745 $ 259,709 Short-term investments 487,599 483,405 Trade receivables 14,898 15,233 Current
Slide 12: Consolidated statements of cash flows
Q1 FY2017 Atlassian Corporation Plc Consolidated statements of cash flows (U.S. $ in thousands) (unaudited) 12 Three Months Ended September 30, 2016 2015 Operating activities Income (loss) before income tax $ (3,876) $ 6,513 Adjustments to reconcile income (loss) before income tax to net cash provid
Slide 13: Reconciliation of IFRS to non-IFRS results
Q1 FY2017 Atlassian Corporation Plc Reconciliation of IFRS to non-IFRS results (U.S. $ and shares in thousands, except per share data) (unaudited) 13 Three Months Ended September 30, 2016 2015 Gross profit IFRS gross profit $ 114,225 $ 85,402 Plus: Share-based payment expense 1,339 1,206 Plus: Amort
Slide 14: Reconciliation of IFRS to non-IFRS financial targets
Q1 FY2017 Atlassian Corporation Plc Reconciliation of IFRS to non-IFRS financial targets (U.S. $) 14 Three Months Ending December 31, 2016 Fiscal Year Ending June 30, 2017 Revenue $142.5 million to $144.5 million $597 million to $603 million IFRS gross margin 82% 82% to 83% Share-based payment expen
Slide 15: Forward-looking statements
Q1 FY2017 Forward-looking statements This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. Forward-looking statements include all statements that are not historical facts and, i
Slide 16: Non-IFRS measures and share count notes
Q1 FY2017 We include the effect of our outstanding share options and restricted share units (“RSUs”) in weighted-average shares used in computing non-IFRS net income per diluted share. IFRS excludes the impact of the full weighting of these outstanding equity awards until the effectiveness of our IP
Slide 17: About Atlassian
Q1 FY201717 About Atlasssian Atlassian unleashes the potential in every team. Our collaboration software helps teams organize, discuss and complete shared work. Teams at more than 65,000 large and small organizations — including Citigroup, eBay, CocaCola, Visa, BMW and NASA — use Atlassian's project