Atlassian Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
April 26, 2024 at 01:36 am IST
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Atlassian Corporation reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported revenue was USD 1,189.13 million compared to USD 915.45 million a year ago. Net income was USD 12.75 million compared to net loss of USD 209.04 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to basic loss per share from continuing operations of USD 0.81 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to diluted loss per share from continuing operations of USD 0.81 a year ago.
For the nine months, revenue was USD 3,227.01 million compared to USD 2,595.55 million a year ago. Net loss was USD 103.6 million compared to USD 427.81 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to USD 1.67 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to USD 1.67 a year ago.
Atlassian Corporation designs, develops, licenses, and maintains software and provisions software hosting services. The Companyâs products include Jira Software and Jira Work Management, Confluence for content creation and sharing, and Jira Service Management for team service, management, and support applications. The Jira Software and Jira Work Management provides a project management system that connects technical and business teams. Confluence provides a connected workspace that organizes knowledge across all teams to move work forward. Jira Service Management is a service desk product for creating and managing service experiences for a variety of service team providers, including information technology, legal, and human resources teams. The Atlassian platform is the common technology foundation for its products that drives connections between teams, information, and workflows. Its Loom platform is a video messaging platform that helps users to communicate through shareable videos.