Welcome to our dedicated page for Atlassian Plc news (Ticker: TEAM), a resource for investors and traders seeking the latest updates and insights on Atlassian Plc stock.
Atlassian Corporation (NASDAQ: TEAM) is a software publisher focused on team collaboration, work management, and enterprise service management software. Its news flow reflects this role, highlighting how the company’s tools and AI-powered system of work support software development teams, business functions, and large enterprises worldwide.
On this page, readers can follow TEAM news that covers a range of corporate and product developments. Atlassian regularly issues press releases on quarterly and annual financial results, including revenue trends, cloud growth, and updates on its strategic priorities. Earnings announcements are often accompanied by shareholder letters and webcasts, which are referenced in Form 8-K filings.
Investors and customers can also track news about acquisitions and partnerships. Recent announcements include definitive agreements and completed acquisitions of DX, an engineering intelligence platform, and The Browser Company of New York, creator of the Dia and Arc browsers. Atlassian’s releases explain how these transactions are intended to enhance engineering intelligence and reimagine the browser for knowledge work in the AI era. Multi-year partnerships with AWS and Google Cloud are another recurring theme, detailing marketplace availability of Atlassian cloud apps, joint integrations, and AI collaborations using services such as Amazon Bedrock, Vertex AI, and Gemini models.
Other TEAM news items highlight product and platform milestones, such as the launch of Software Collection and Service Collection, the general availability of Rovo Dev, and recognition in industry research like the Gartner Magic Quadrant for DevOps Platforms. Governance and capital allocation updates, including share repurchase program authorizations and board changes, are disclosed through 8-K filings and accompanying press releases.
By reviewing the TEAM news feed on Stock Titan, readers can see how Atlassian’s financial performance, AI initiatives, cloud strategy, acquisitions, and partnerships evolve over time, all based on official company communications and regulatory disclosures.
Atlassian (NASDAQ: TEAM) has announced the appointment of Christian Smith, Splunk's Chief Revenue Officer, to its Board of Directors, effective January 1, 2025. Smith brings over 30 years of enterprise experience, with expertise in global sales and digital transformation. At Splunk, he oversees global commercial operations and led the company's transformation from perpetual license to recurring revenue model.
Simultaneously, Jay Parikh, who has served on Atlassian's Board since July 2013, will retire effective December 31, 2024. CEO Mike Cannon-Brookes highlighted Smith's ability to simplify complex concepts and his customer-first approach as key assets for Atlassian's enterprise focus.
Atlassian (NASDAQ: TEAM) and Amazon Web Services (AWS) announced a multi-year strategic collaboration agreement to accelerate enterprise cloud migration and enhance AI capabilities. The partnership aims to migrate millions of users from Atlassian's Data Center business, which generates over $1 billion in annual revenue, to Atlassian Cloud.
The collaboration includes establishing a Cloud Center of Excellence to streamline enterprise migrations, potentially reducing migration time by 50%. Atlassian Cloud, powered by AWS, currently serves over 300,000 customers and features AI-powered capabilities through Atlassian Intelligence, which has seen nearly tenfold increase in usage this year.
The agreement also focuses on enhancing the Forge development platform with AWS services, including generative AI technologies like Amazon Bedrock for app development.
Atlassian (NASDAQ: TEAM) reported Q1 FY2025 results with revenue of $1.19 billion, up 21% year-over-year, driven by subscription revenue growth of 33% to $1.13 billion. The company posted a GAAP operating loss of $32 million with a margin of -3%, while non-GAAP operating income was $268.1 million with a 23% margin. Key highlights include the launch of Rovo, an AI-powered product, and the announcement of Brian Duffy as new Chief Revenue Officer effective January 2025. The company ended Q1 with 46,844 customers having >$10,000 in Cloud ARR, up 17% year-over-year. A new $1.5 billion share repurchase program was authorized.
Zip, the AI-powered procurement orchestration platform, has secured $190 million in Series D funding led by BOND, valuing the company at $2.2 billion. This marks the largest investment in procurement technology in over two decades. The funding will be used to:
1. Accelerate R&D efforts, including further development of Zip's Procure-to-Pay product line
2. Establish the Zip AI Lab for developing cutting-edge AI solutions
3. Expand globally, with a focus on the EMEA region
Zip's platform has already processed over $107 billion in customer spend and saved industry giants like Snowflake, Discover, and Sephora over $4.4 billion in procurement spend. The company aims to revolutionize business spending and become the global standard for B2B spend management.
Atlassian (NASDAQ: TEAM) has announced the date for its first quarter fiscal year 2025 financial results release. The company will disclose its financial performance for the quarter ended September 30, 2024, after market close on Thursday, October 31, 2024. Following the release, Atlassian will host a conference call at 2:00 P.M. Pacific Time to discuss the results.
In addition to the earnings press release, Atlassian will publish a shareholder letter on its Investor Relations website. Investors and interested parties can access the live webcast of the call from the company's Investor Relations section. A replay of the call will be available on the same website after the event concludes.
Atlassian continues to use its Investor Relations website as a platform for disclosing material non-public information and complying with its disclosure obligations.
Atlassian (NASDAQ: TEAM) announced its Q4 and FY 2024 results. Key highlights include:
Q4 revenue of $1.132 billion, up 20% YoY, with subscription revenue at $1.069 billion, up 34% YoY. GAAP operating margin at (6)% and non-GAAP at 20%. Cash flow from operations was $426 million, with free cash flow at $413 million.
For FY 2024, revenue reached $4.4 billion, up 23%. GAAP operating margin was (3)%, while non-GAAP was 23%. Free cash flow was $1.4 billion.
Recent milestones include the introduction of Rovo, FedRAMP’s “In Process” status, and winding down server support. The company also expanded its board and is searching for a new Chief Revenue Officer.
Financial targets for Q1 FY 2025 include revenue between $1.149 billion and $1.157 billion with cloud revenue growth at 27% YoY.
Atlassian (NASDAQ: TEAM) has announced the appointment of Scott Belsky to its Board of Directors, effective August 1, 2024. Belsky, currently the Chief Strategy Officer and Executive Vice President of Design & Emerging Products at Adobe (NASDAQ: ADBE), brings extensive experience in product development, strategy, and design to Atlassian's board.
Mike Cannon-Brookes, co-Founder and co-CEO of Atlassian, expressed excitement about Belsky's addition, citing his expertise in building popular products and understanding industry trends, particularly in the context of the AI era. Belsky's role at Adobe includes leading corporate strategy, overseeing design across Adobe's products, and driving the development of emerging products such as 3D & Immersive products, Adobe Stock & Marketplace, and Behance.
Atlassian (NASDAQ: TEAM) has achieved Federal Risk and Authorization Management Program (FedRAMP) "In Process" status, marking a significant step towards obtaining FedRAMP Moderate Authority to Operate (ATO) by Q1 2025. This milestone is part of Atlassian's broader investment in supporting the U.S. public sector.
The company's new FedRAMP Moderate offering, Atlassian Government Cloud, will initially include Jira, Confluence, and Jira Service Management. This cloud platform aims to empower federal agencies with innovative capabilities while ensuring data security. The U.S. General Services Administration (GSA) is sponsoring Atlassian's ATO process, supporting cloud adoption within the government.
Atlassian is committed to meeting federal compliance and security standards, with plans for future investments in FedRAMP High and U.S. Department of Defense (DoD) Impact Level 5 (IL5) compliance.
Atlassian (NASDAQ: TEAM), a leader in team collaboration and productivity software, will release its financial results for the fourth quarter and fiscal year ending June 30, 2024, after market close on Thursday, August 1, 2024.
A webcast and conference call to discuss the results will take place at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time). The financial results will be accompanied by a shareholder letter available in the Investor Relations section of Atlassian's website.
A live webcast and a subsequent replay will be accessible at https://investors.atlassian.com/.
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