Published on 26 Apr 2024 on Zacks via Yahoo Finance
Atlassian (TEAM) Q3 Earnings and Revenues Beat Estimates
Atlassian TEAM reported stronger-than-expected third-quarter fiscal 2024 results. Its non-GAAP earnings per share of 89 cents beat the Zacks Consensus Estimate of 61 cents. The figure surged 64.8% from the year-ago quarter’s non-GAAP earnings of 54 cents per share, mainly driven by double-digit year-over-year growth across segments like Cloud and Data Center.
TEAM’s fiscal third-quarter revenues jumped 30% to $1.19 billion and surpassed the consensus mark of $1.10 billion. The top line was primarily driven by strong migrations, robust growth across Cloud and Data Center, as well as growing enterprise sales execution.
Quarterly Details