ATLASSIAN CORP Reports Earnings Results for FY2023 Q4 as of June 30 2023
August 5, 2023
🌥️Earnings Overview
On August 3, 2023, ATLASSIAN CORP ($NASDAQ:TEAM) reported its financial results for the fourth quarter of FY2023 ending June 30, 2023. The company saw a total revenue of USD 939.1 million, representing a 23.6% increase from the same period in the prior year. Moreover, net income for the quarter came to USD -59.0 million, an improvement from the -105.5 million reported in the same quarter last year.
Price History
On Thursday, ATLASSIAN CORP reported its financial results for FY2023 Q4 which ended on June 30, 2023. The share repurchase program is part of the company’s continued commitment to return value to shareholders. The strong performance of ATLASSIAN CORP in the fourth quarter of FY2023 is a testament to its continued commitment to delivering value to its customers and shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Atlassian Corp. More…
| Total Revenues | Net Income | Net Margin |
| 3.53k | -486.76 | -13.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Atlassian Corp. More…
| Operations | Investing | Financing |
| 868.11 | -1.26 | -148.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Atlassian Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.11k | 3.45k | 2.55 |
Key Ratios Snapshot
Some of the financial key ratios for Atlassian Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.9% | – | -7.9% |
| FCF Margin | ROE | ROA |
| 23.8% | -28.4% | -4.3% |
Analysis
GoodWhale has conducted a detailed analysis of the financials of ATLASSIAN CORP and based on our Star Chart classification system, we have determined that it falls into the ‘gorilla’ category. This means that it has a strong competitive advantage that has allowed it to achieve stable and high revenue or earnings growth over time. Investors who are interested in such a company would be those who are looking for long-term growth and who are comfortable with taking on some risk. The analysis also shows that ATLASSIAN CORP is strong in terms of growth and profitability, medium in assets, and weak in dividends. Additionally, the company has a high health score of 8/10 taking into account its cash flows and debt, which suggests that it is capable of safely riding out any crisis without the risk of bankruptcy. More…
Peers
Atlassian Corporation PLC, Microsoft Corp, DocuSign Inc, and Salesforce Inc are all vying for a spot in the top software company. While Atlassian Corporation PLC may be the current leader, the competition is fierce and any of the companies could take the top spot. All four companies offer a variety of software products and services that are essential for businesses of all sizes. The products and services offered by these companies help businesses to run more efficiently and connect with customers.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market cap of $1.76 trillion and a return on equity of 45.3%. The company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.
– DocuSign Inc ($NASDAQ:DOCU)
DocuSign Inc. is an American company that provides electronic signature technology and digital transaction management services for facilitating electronic exchanges of contracts and other documents. The company has a market capitalization of $9.35 billion as of May 2021 and a negative return on equity of 15.28%. DocuSign’s revenue for the fiscal year 2020 was $1.1 billion, an increase of 47% from the previous fiscal year. The company’s primary competitors include Adobe Sign, HelloSign, and eSignLive.
– Salesforce Inc ($NYSE:CRM)
Salesforce Inc.’s market cap as of 2022 is 153.67B. The company’s ROE for the same year is 0.08%. Salesforce Inc. is a cloud-based software company that provides customer relationship management (CRM) and enterprise cloud computing services.
Summary
ATLASSIAN CORP has reported strong financial results for FY2023 Q4. The company experienced a 23.6% year-over-year revenue growth, reaching USD 939.1 million.
Additionally, net income improved significantly from -105.5 million to -59.0 million. This indicates that ATLASSIAN CORP is executing on its strategy and delivering results, positioning it as a good opportunity for investment. Investors should closely monitor the company’s progress in the coming quarters to see if it can sustain this positive momentum.
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