Atlassian Corporation PLC (TEAM) Releases Earnings Results, Beats Expectations By $0.02 EPS

Atlassian Corporation PLC (TEAM) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.05. The company posted revenue of $127.60 million in the period, compared to analysts expectations of $124.26 million. The company’s revenue was up 39.0% compared to the same quarter last year.

Atlassian Corporation Plc is engaged in designing developing licensing and maintaining of software and the provisioning of software hosting services. The Company’s products include JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team messaging and communications; Bitbucket for team code sharing and management and JIRA Service Desk for team services and support applications. It offers tools for software developers such as FishEye Bamboo and SourceTree. Its products are built upon a platform of shared components and services that provide a common system for user management add-ons search and user interfaces. It also offers Atlassian Connect which is a framework to build add-ons for its products. Its marketplace is a hosted online marketplace for free and purchasable add-ons and extensions to its products. Its Atlassian Engagement Engine tracks and analyzes user profile and behavior data.

Atlassian Corporation PLC

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