Atlassian Corp Plc (NASDAQ:TEAM) Q1 Report

Atlassian Corp Plc (NASDAQ:TEAM) reported its fiscal first quarter results on Thursday, surpassing Wall Street estimates due to strong cloud and data center growth.

The company saw a 15% increase in aftermarket hours following the report.

Atlassian reported adjusted EPS of $0.77 with revenue of $1.19 billion, beating estimates of $0.54 and $966.1M, respectively.

By the end of Q1, Atlassian had 46,844 customers contributing over $10,000 in Cloud annualized recurring revenue, marking a 17% increase year-over-year.

For fiscal Q2, the revenue forecast is between $1.23B to $1.24B, aligning with analyst estimates for $1.23B. Looking forward to fiscal 2025, revenue growth is projected between 16.5% and 17%.