Atlassian Reports Third-Quarter Revenue of $1.77B, EPS of $0.35
Revenue rose 24% year over year, and Atlassian swung to net income from a year-earlier loss. Existing-customer demand supported paid-seat expansion, cross-selling and price increases.
Atlassian’s revenue rose 24% year over year as demand from existing customers drove paid-seat expansion, cross-selling and price increases. The company swung to net income from a year-earlier loss; higher gross margin and lower prior-year restructuring costs helped, while a larger tax provision and…