Atlassian’s March quarter revenue has grown 24% on 12 months ago to $915 million (A$1.365bn), with subscription revenue up 37% to $761 million (A$1.136bn), but last year’s US$32.9 million profit has turned into an operating loss of US$161.6 million (A$240m) for Q3 in FY2023. The US-listed (NASDAQ: TEAM) Australian workplace software giant released its quarterly… Read more »
Workplace software giant Atlassian is cutting around 5% of its workforce – 500 staff – with co-CEOs Scott Farquhar and Mike Cannon-Brookes say they “are deeply sorry”. The job losses comes just four months after Farquhar embarked on a high-profile national tour last October to recruit more than 1000 people for new R&D roles. In… Read more »
Nasdaq-listed Australian software giant Atlassian has seen its shares fall more than 10% in after hours trade following the release of its December quarter results, which posted a US$99.2 million loss. The loss compares to a rare profit of $23 million 12 months earlier. Now in its 21st year of operations, Atlassian has yet to… Read more »
US-based Australian tech giant Atlassian has seen revenue rise by nearly a third (31%) to US$807 million in the first quarter (Q1) of the 2023 financial year, but the 20-year-old business continues to post losses as growth begins to slow. Quarterly subscription revenue grew by 50% on 12 months ago, to US$651 million, but the… Read more »
NASDAQ-listed Australian software venture Atlassian has moved its parent company from the United Kingdom to the US. Atlassian (Nasdaq: TEAM) announced plans for the shift in February. The workplace collaboration business originally set up in the UK in 2014 ahead of its listing on the NASDAQ in 2015. At the time the company said it… Read more »
Construction 0f Atlassian’s new 39-storey headquarters at Sydney’s Tech Central precinct got underway last week, with the build expected to take five years to complete. The 180-metre hybrid timber skyscraper next to Central railway station will be the world’s tallest commercial hybrid timber building in the world and is expected to cost $546 million and… Read more »
Australian tech company Atlassian was famously started by Mike Cannon-Brookes and Scott Farquhar using $10,000 in credit card debt. The idea has since turned them into multi-billionaires. The NASDAQ-listed venture recently celebrated its 20th anniversary and this week celebrates posting another annual net loss of more than US$600 million (A860m). Atlassian (NASDAQ: TEAM) posted its… Read more »
Is there anything more stirring than an inspirational sports movie? Even non-sportsball people can’t resist an underdog story, especially when coupled with a three-minute training montage. (And for the record, I do believe in miracles. Thanks for asking. ) The best sports-flavoured TV and movies always weave in a good lesson or two. Today I thought it’d… Read more »
Wow, 20 years! We can hardly believe it. To say it’s been a wild ride would be a massive understatement. We want to take a moment to thank all of our customers, partners, vendors, investors, and of course, all Atlassians, past and present. We’re so proud of what this team has achieved together. While Atlassian… Read more »
Spare a thought for admins running Atlassian Confluence Server or Data Centre on the weekend after a cyber security company discovered bad actors actively exploiting a previously undiscovered vulnerability in those Atlassian products. On Friday morning, Steven Adair, President of security firm Volexity, tweeted about the vulnerability, saying it was “10/10 on the badness scale”. “Get your… Read more »
Twitter pugilist Elon Musk has a new war to fight on the micro-blogging site he’s buying. After ordering his executives back into the office for a “minimum” of 40 hours a week via email, Musk followed up with an all staff email saying “If you don’t show up, we’ll assume you’ve resigned”. Taking a dig… Read more »
Atlassian co-founders and co-CEOs Mike Cannon-Brookes and Scott Farquhar have told shareholders that the company “let our customers down” when an outage disrupted service for 775 subscribers earlier this month. The acknowledgement, which stopped short of an apology, kicked off the Q3 FY22 shareholders letter coinciding with the company’s quarterly results. The workplace software venture… Read more »
An estimated 400 Atlassian customers have had access cut for up to a week in an ongoing problem the company has blamed on a maintenance script. The incident first occurred around April 5, with the company acknowledging the problem on Twitter two days later. While running a maintenance script, a small number of sites were… Read more »
The dramatic shift from mining and property to technology to generate wealth in Australia has made Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar, and Canva’s Melanie Perkins and Cliff Obrecht among the country’s top 10 richest people. The Australian’s 2022 edition of The List – Australia’s Richest 250, to be released on Friday, names Hancock… Read more »
NASDAQ-listed Australian software venture Atlassian is looking at moving its parent company from the United Kingdom to the US. Atlassian (NASDAQ: TEAM) announced last week that it had undertaken an exploration of redomiciling the parent holding company across the Atlantic. The workplace collaboration software business originally set up in the UK in 2014 ahead of… Read more »
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