Atlassian has managed to treble its losses in fourth quarter of the 2024 fiscal year, at the same time revenue grew by 20%. The Nasdaq-listed (TEAM) Australian workplace software giant posted a US$196.9 million net loss for the quarter, up from a $59 million loss for the same period last year. Quarterly revenue hit US$1.132… Read more »
Scott Farquhar, the kid from Sydney’s Western suburbs who became a billionaire after responding to an email from fellow uni student Mike Cannon-Brookes about starting a tech company, will step down as co-CEO role at the end of August The father of three sons called time on role after 23 years as Atlassian posted a… Read more »
Workplace software giant Atlassian made a second acquisition in October, alongside its $1.5 billion M&A deal US video messaging startup Loom, snapping up Melbourne IT data quality management busines AirTrack. AirTrack helps enterprises gather, aggregate, and analyse multiple sources of data used across IT to make it easier to pinpoint and remediate any issues. The… Read more »
Australian workplace software giant Atlassian is spending US$975 million (A$1.5bn) to acquire seven-year-old US video messaging startup Loom. The deal represents around 2% of Atlassian’s (NASDAQ: TEAM) current market capital of around US$48 billion. But it’s also something of a bargain, with the price less than two-thirds of Loom’s peak valuation of US$1.53 billion in… Read more »
Atlassian’s long history of financial losses continues into the company’s 21st year, despite strong revenue growth, posting quarterly revenue of US$939 million, up 24% on 12 months ago, in the fourth quarter of the 2023 financial year to June 30. The tech giant’s (NASDAQ: TEAM) quarterly operating loss grew too, up from US$42.3 million in… Read more »
Atlassian cofounders and co-CEOs Mike Cannon-Brookes and Scott Farquhar have backed the Australian Indigenous Voice referendum, saying it will “move us closer to meaningful reconciliation” and a more equitable nation. In a note to staff late last week, the pair said that “empowering First Nations communities is something we’ve always believed in and backed in… Read more »
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 »
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Cannon-Brookes-backed millennial super fund Spaceship snapped up by eToro in $80 million merger 
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